Analysis
Why has the price of heating oil risen faster than crude?
Heating oil prices have surged in recent weeks, as global oil markets react to escalating conflict in the Middle East. But while crude oil prices have risen sharply, kerosene –...
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Market Report
Venezuela: Why the market doesn’t share Trump’s enthusiasm.
...its knees by cronyism and anti-American politics. The assets of private US oil companies had been forcibly taken over by the corrupt state oil company PDVSA and production had plummeted....
News
The shipping news
...High Sulphur Fuel Oil LSFO – Low Sulphur Fuel Oil LSMGO – Low Sulphur Marine Gas Oil IFO – Intermediate Fuel Oil ECUK – East Coast UK ECA – Emission...
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...
News
Greenergy signs strategic JV agreement with Bapco
...of Bahrain’s energy-related activities; primarily refining, distribution of petroleum products and natural gas, sales and export of crude oil and refined products. The company owns a 260,000 barrel-a-day refinery, storage...
News
Extinction Rebellion blockades ExxonMobil terminal
Climate campaigners known as ‘Extinction Rebellion’ blocked a terminal entrance near to the largest oil refinery in the UK yesterday in protest at the Fawley expansion plans. Activists dressed as...
News
Essar selects Mitsubishi Heavy Industries as technology licensor for carbon capture
Essar Oil UK Limited (EOUK) has completed the selection of a key licensor technology provider and signed a contract for the development of the required basic engineering design package for...
News
Energy minister in Coryton discussions
...options for the refinery were discussed along with the work the administrators are doing to secure a sustainable future for the plant. The minister reiterated government’s commitment to help those...
News
Essar Oil UK – ‘a significantly better year’
“We can now look ahead with renewed confidence,” said chief executive Volker Schultz Last week the owner and operator of the Stanlow Refinery filed financial results for the year ending...
News
Essar to invest £45m in UK’s first hydrogen refinery furnace
...Officer at Essar Oil UK, commented: “We have hugely ambitious plans for Stanlow and are committed to making it the UK’s first low carbon refinery. By affecting a significant and...
News
Major investment at Essar
The installation of the giant new regenerator head will give the refinery unit another 25 years of life Essar Oil (UK) recently completed the successful lift of a giant new...
News
Grangemouth workforce Unite over government proposals
Workers based at the Grangemouth oil refinery have slated the Scottish and UK governments over their failure to jointly develop proposals which could help protect hundreds of jobs at the...
Insight
What is the outlook for UK refining?
Since the closure of BP’s Belfast plant in 1982, the UK refinery network has undergone continuous shrinkage, from 18 facilities with a total distillation capacity of 132 million tonnes (mt)...
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...
News
Committed to the growth of the UK’s oil and gas economy
Essar Oil UK continues to invest at Stanlow and has expanded its UK retail network to 46 sites Essar Oil (UK), which owns and operates the Stanlow Refinery, has announced...
Interview
Essar Oil UK Ltd: from manufacturing complex to energy park
...future. Margaret Major, managing editor of Fuel Oil news and Claudia Weeks, content editor, met with Carlos Rojas, head of commercial at Essar, and Michelle Lewis, corporate affairs director, to...
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...
News
An Iran Conflict special market briefing From the Oil Market Journal
...demand. It is calculated by taking the total amount of oil in storage and dividing by daily demand. Typically, oil traders use the weekly data for United States as a...