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Portland Report August

Market Report

Prices and predictions: how are we faring?

A little bit later than usual (because of the recent election frenzy), this month’s report will look at how the oil markets have fared since the beginning of the year,...

Opinion

OMJ anticipates oil market movements

Amidst a global lockdown resulting in less and less demand for oil, the oil market has been in turmoil. Ian Moore, director of the Oil Market Journal (OMJ) shares his...

News

Inver expands sales at Cardiff

...around the future of UK refineries, the improving economic environment, the continued segmentation of the gas oil market, and the expansion of the marine gas oil market with lower regulated...
Fuels Industry UK

Insight

The UK fuel industry: latest statistical analysis

...no surprise that the report summary suggests that fuels is a sector in which ‘little stands still’, with fluctuating market dynamics, policy shifts, and evolving consumer behaviour. Some of the...

Opinion

Fuel price fears as OPEC+ cuts oil production

...to the end of 2023. A volatile market Walid Koudmani, chief market analyst at financial brokerage XTB comments: “WTI crude futures are trading around $88 per barrel on Thursday after...

News

A good infrastructure?

...terminals. As various players have rationalised their geographic market presence, numbers have shrunk with fewer, larger locations covering the market. There has been a clear trend towards retreating to refineries...

Opinion

The Distributor Debate

...have already started preparing their presentations. Mabanaft marketing manager Stephen Rhodes  Stephen Rhodes, marketing manager at Mabanaft, is one of the event’s speakers: “Economic uncertainty means that banks and credit...

Insight

Heating future: prospects for kerosene and HVO

...dominant energy source for space heating with a market share in the region of 80-85%. In comparison, oil’s share is around the 5-6% mark and various forms of electric (storage,...

Insight

Shared deliveries …

...much less pronounced. By and large, these markets have become commoditised and between them they comprise total requirements which are approximately five times larger than the domestic heating oil market....

News

Trend for forecourt closures evens out

...of 8,611. The Energy Institute’s annual Retail Marketing Survey provides a comprehensive, statistical overview of the UK forecourt market; a market that has seen the number of forecourts almost halved since 1994....

Analysis

World Fuel Services – spreading the word

...Services (Europe) World Fuel Services entered the UK’s inland market in 2007.  Fuel Oil News, which first wrote a feature article about the company in August 2009, was keen to...

Analysis

Harvest Energy – change, challenge and opportunity

Harvest Energy, which has been operating in the UK as a supplier, blender and marketer of road fuels since 1995, has an annual turnover in excess of £3.5 billion Formerly...

News

Biofuels – an uncertain future

...“There’ve been setbacks for UK producers targeting the road fuel market,” explains Richard Crowhurst, managing director of market analysts Enagri. “The year started badly for Vivergo Fuels (a joint venture...

Analysis

Recruitment and retention at NWF Fuels

...“I joined NWF Fuels in January 2023, joining the marketing team as the marketing analyst. I’ve recently taken on a new role within the business that will see me more...