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...
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News
Distributor Diaries March 2025 – the latest updates from our distributor community
Oilfast: Proud to continue special partnership Having offered an incredible opportunity to local singers and songwriters, Oilfast, the independent fuel supplier, based in Motherwell, Scotland, has decided to extend its...
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...
Market Report
A special Christmas market report from Portland
...for black gold there and then. Lauren Laverne Really. Did you find oil in the garden? Gaz Oil No. Course not. Lauren Laverne Oh. What was the song then? Gaz...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
Case Study
QMRE: Transforming plastic waste into sustainable solutions
...most pressing environmental problems facing society today – how to deal with the millions of tonnes of plastic waste created every year. Margaret Major, Publishing Director for Fuel Oil News,...
News
Distributor diaries August 23: updates from our distributor community
...Adam! Nolan Oils – regattas and raffles Nolan Oils, the Oxfordshire-based distributor, is proud to be sponsoring two local charities. The Nolan Oils team and friends enjoyed a fabulous day...
News
Distributor diaries November 2023:updates from our distributor community
...Nolan Oils supports the local football club Nolan Oils, the Oxfordshire-based distributor, is proud to be sponsoring a local children’s football team. Luke Nolan, Sales Manager, said: “Nolan Oils is...
Opinion
What is the best Christmas present for a fuel distributor?
...this it now? We’ve put things in place for a cold winter and we’re full to the gunwales with kero!’ Also well-stocked at Ribble Fuel Oils, David Hodge added: ‘we...
News
Streamlining the UK’s downstream infrastructure
...being falling market demand following the oil price rise in the aftermath of the first ‘oil shock’ which followed the October 1973 Yom Kippur conflict in the Middle East. Further...
News
‘A real thirst for expansion and growth’ at Aztec Oils
Derbyshire–based Aztec Oils recently completed the acquisition of the lubricant, pre-packaged fuel and contract packing business of Multispec Limited – formally Caldo Oils – for an undisclosed sum. (l-r) John Longstaff, BHP Corporate Finance; Andrew Fielder, Banner Jones; Mark Lord, and Janis Hartshorne, Aztec Oils; Matthew Chenery, Barclays and Katie Ash, Banner Jones Aztec...
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...announced their merger. Both FPO and OMJ provide intraday and settlement oil price information to UK and Irish oil distributors, service stations and other large volume oil buyers. Basil Shourou...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
According to the majority (53%) of respondents to Bloomberg Intelligence’s February oil-price survey, Brent oil is expected to be above $80 a barrel at the end of 2024 – the...
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...
Opinion
Preparing for a new oil world
Boris Ivanov Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and...
Market Report
Prices and predictions – what does 2025 have in store?
...own forecasts for 2024 oil prices. Our headline prediction in Jan ’24 was for oil prices to “trend sideways and stay in the $70-$80 per barrel mark”. Arguably this was...
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...