Opinion
Free oil? Not today …
...unlikely to have sold any physical oil at negative prices. The oil industry is already absorbing much of the short-term price shock by putting oil into storage, both on land...
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News
Dealing with price volatility
...Ireland, Andrew Wilson, sales manager – wholesale and retail, Kelly Fuels reported: “The service is an extremely useful tool in providing us with accurate and timely information on market movements.”...
Insight
Are fuel buying patterns changing in the UK and Ireland domestic heating sectors?
...(The oil-heating trade body for the UK) advises homeowners to limit oil storage, meaning consumers may order smaller quantities more frequently. Economic pressures may also affect consumer behaviour, with UK...
Insight
The downstream oil market landscape of Ireland in the 2020s
...Oil. In 2018, Irving Oil acquired large independent, Tedcastle Oil Products (TOP), providing it with a distribution terminal in Dublin as well as a substantially expanded market reach. The refinery...
Insight
Compulsory oil stocking obligations: a UK update
...international requirements to maintain the requisite minimum levels of oil stocks to mitigate any supply crisis. These were: EU obligations Under EU Oil Stocking Directive 2009/119/EC, members are required to...
Interview
Value Oils: leader in online fuel distribution
...Oils? “There are many benefits for suppliers selling oil through our website, including: • They are in complete control of the pricing and delivery windows they offer and can easily...
Interview
The downstream customer
...oil and there is a premium price to be paid for last minute deliveries!” Sue reflected: “We think that oil distributors would help, but the quicker you want your oil,...
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
Analysis
A deep dive into fuel distribution industry data
...solar and heat pumps. The census shows that the number of oil-heated homes has dropped 3% since the last census. It is likely that many oil-heated homes are in the...
Market Report
Volatile grounds: How geopolitical crises shape oil price fluctuations
...per barrel. It was at this point though, that the big hedge-funds re-entered the market and bought swathes of oil futures. This obviously supported the oil price against further falls...
News
Simon – investing in our infrastructure
...since shipping moved from coal to oil. Government sponsored Navy oiling stations around the world provided physical impetus for the change from coal to oil burning ships of the line...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
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...
Interview
How Phillips 66 is driving the industry evolution to future fuels
...emerged when only vegetable oils (e.g. rapeseed, soybean and corn oil) were used as feedstocks, however, with the advancement in production methods allowing the use of waste fats, oils and...
Opinion
Energy body calls on Government to ‘stop dithering’ over hydrogen policies
Mike Foster, CEO of the not-for-profit trade body Energy and Utilities Alliance (EUA), has called on the UK Government to get on with delivering the vision it laid out in...
Case Study
The benefits of tank telemetry implementation
...on the road. Everybody thought that we were nuts, yet mostly everybody in the business has one now. We have 5 depots now in the South East of Ireland and...
Opinion
Can fuel additives reduce emissions and tackle air pollution?
...SulNOx Group Plc, was speaking after England’s Chief Medical Officer, Professor Sir Chris Whitty, called air pollution “everybody’s problem and a problem at all times”. Professor Whitty was speaking at...
Opinion
Developing the skills for the fuels of tomorrow, today
...and exporter of hydrogen,” Huw continues. “However, if we are to fulfil the ambitions set out in OGUK’s (the leading representative body for the UK offshore oil and gas industry)...