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News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
News
Stanlow – new long term working capital funding facilities
...Stanlow oil refinery in Ellesmere Port. The Inventory Monetisation arrangement with J. Aron & Company covers the supply of crude oil to Stanlow and replaces a similar agreement with Barclays...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
Opinion
New UK oil essential for low carbon future
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK). Katy shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
Opinion
Transitioning from oil to renewables – cost or investment?
We hear from Neste after a decade of transitioning from a regional oil refinery to a global leader in renewable solutions to see if the investment is paying off. Neste’s...
Opinion
Can hydrogen deliver? Industry leaders weigh in on costs, policy, and progress
...refinery emissions. “Decarbonising refinery fuel is essential, and low-carbon hydrogen provides a clear pathway,” she said. However, she acknowledged the formidable hurdles. “The technical and financial challenges remain substantial, but...
Opinion
VAT deal secures Stanlow refinery production
...fuel stations after a panic-driven buying frenzy. Essar Oil UK, which runs the 200,000 barrel-per-day Stanlow refinery, had been in talks with HMRC about extending a January deadline to repay...
News
Fuel supply expansion for Scotland refinery
...gas oil and kerosene will commence in October with all products being sourced directly from the Grangemouth refinery. The agreement expands on the company’s existing supply footprint from Grangemouth, Dalston...
News
Hydrogen collaboration for Uniper and Phillips 66
...Refinery from 2029. The hydrogen would be used to replace refinery fuel gas in industrial-scale fired heaters, as part of Phillips 66’s plans to reduce the Humber Refinery’s scope 1...
News
Biorefinery set for take-off at Stanlow
...Essar Oil (UK) Limited (Essar), Fulcrum BioEnergy Limited (Fulcrum) and Essar’s subsidiary company Stanlow Terminals Limited. This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would...
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...sent through a re-refinery process supported by oil recovery specialists, Slicker Recycling. This process transforms the oil back into a high-quality base oil product which is used as a key...
Insight
Heating future: prospects for kerosene and HVO
...Kerosene: This product heralded the age of the oil industry in the late 19th century when it was sold as lamp oil. The balance of probability is that its use...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
News
Slicker shortlisted for waste oil recycling
...launched a £70 million base oil re-refinery in Denmark, last July, as part of a joint venture with its German partner, Avista AG. Through the Danish facility, used lubricating oils...
Analysis
Greenergy – liquid problem solving
...few months, we’ve been receiving enquiries from dealers and resellers worried about the commitment of oil majors to the sector, refinery closures and policy changes. The market is seeing major...
Insight
What price oil? 2023 In review
In association with The Oil Market Journal Pictured below and included in the January issue of Fuel Oil News is a graph that shows the price of ultra-low sulfur diesel...