News
Cyberattack effect on oil prices
...vulnerabilities within US infrastructure. Why do oil prices vary? Oil prices vary from day to day, but when an unexpected event occurs that causes disruption in the supply chain, drastic...
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Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...a 70,000-bpd crude unit at its Gelsenkirchen oil refinery in Germany on March 18th. Although there have been some closures, most oilrigs, terminals, warehouses, refineries, and logistics facilities have remained...
Market Report
Saving Mexico’s state oil giant – a strategy of hope over experience.
...nationalisation of all privately held oil interests in Mexico and for most of the 21st Century, Pemex has been Latin America’s second largest enterprise by annual revenue (Brazil’s state-run oil...
Opinion
Calls for strategic oil and gas measures to safeguard UK energy security and climate progress
The UK Government is being urged to adopt a pragmatic new approach to oil and gas policy to prevent deepening reliance on imports, safeguard critical infrastructure, and support a managed...
Opinion
North Sea oil and gas must address challenges to mitigate energy crises
...report series from the Oil and Gas Transitions (OGT) initiative. Long a strategically important reservoir for oil and gas, the North Sea is now a pivotal ground zero for net...
News
Essar staff offered £30,000 “leaver incentive” package
As reported in July, Essar’s 1000 employees at the Stanlow Oil Refinery are being offered a voluntary severance package, now rumoured to be worth a fixed-sum of £30,000. All employees...
News
Products and markets
...range consists of petrol, diesel, aviation fuel, LPG, fuel oil, gas oil and heating oil. With the exception of fuel oil and LPG all products can be transported via the...
Insight
A vertically challenged market
...UK oil market has seen a gradual shift away from domination by the oil majors and mini majors. Their rationalisation and repositioning created a vacuum now filled by importers and...
Market Report
Why US action in the Middle East has handed power to the regime it intended to suppress
...oil onto world markets, it must be shipped eastwards via the Straits. That volume of oil equates to 20m barrels of crude per day (bpd) or 20% of global oil...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
Insight
The changing world of the oil trader
...Total, etc. These vertically integrated international oil companies (IOCs) have been joined by state owned concerns, or national oil companies ( NOCd )- names such as Aramco, Kuwait Petroleum, IPC,...
Market Report
The increasing impact of China’s economy on global oil demand
...driver of oil demand growth over the last 20 years. Oil markets have become so reliant on China’s seemingly endless growth The slowdown in global oil consumption is largely the...
News
February 2016 update
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...
News
With a little help from our friends and family
...Fuel Oils told Fuel Oil News editor, Jane Hughes. One of the newest entrants into fuel oil distribution, Standard Fuel Oils is based in Merseyside. Twenty-eight year old Nick has...
News
Essar Oil UK reports positive progress on financings
Essar Oil UK, the owner of the Stanlow Refinery, reports that it has successfully addressed the required financing to replace the previous receivables facility. The refinery continues to operate as...
News
Multi-million pound hydrogen furnace for Stanlow refinery arrives in Liverpool
A brand new furnace capable of running on hydrogen has arrived at Liverpool Port. The furnace, which is part of a multi-million pound investment by Essar Oil UK (EOUK), is...
News
Phillip 66 advances Humber Zero carbon capture plant with support contract award
Phillips 66 Limited Humber Refinery has awarded Babcock & Wilcox (B&W) a contract to design a pre-treatment process for flue gas as part of plans for a new carbon capture...
News
EET Fuels appoints Toyo-India for ICC project
EET Fuels, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its industrial carbon capture (ICC) project. The...