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...
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News
INEOS and UK shale gas
...believes that an indigenous shale gas industry would transform UK manufacturing and that the gas can be extracted safely and responsibly. Gary Haywood, CEO INEOS Upstream, says: “Whilst the awarding...
News
Geos Group takes over Phillips 66’ marine gas oil deliveries at Blyth
...advantage over other marine gas oil suppliers.” The Geos Group (Sea Bunkering) is a physical supplier and international trader of marine gas oil, with stock in Aberdeen, Blyth, Great Yarmouth,...
News
A stepping stone or an underwhelming plan to reach net zero? Industry responds to new energy plan
...acknowledge the significant contribution of the oil and gas supply chain to the UK’s energy security and economy, as well as its role in the transition to cleaner energy sources,”...
News
INEOS completes Forties Pipeline acquisition from BP
...responsibility for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas output, INEOS has further strengthened its long-term oil and gas activity. The...
Insight
Key challenges and opportunities facing the fuel distributor
...commitment to cease supply of heating oil to properties off the gas grid during the 2020s, when use of liquid fuels for space heating is envisaged to fall to ‘very...
Opinion
USA turn from fossil fuel ‘more direct, more fierce and quicker’ than expected
...the three largest sources of greenhouse gas emissions: vehicles, power plants and methane leaks from oil and gas wells. Many displaced fossil-fuel workers will be put to work sealing off...
Analysis
Products and services for developing fuel depots
...100 most innovative companies in Germany for two years in a row. Although its solution was originally aimed at oil and gas products, it has since upgraded its technology and...
News
US oil price falls below zero for the first time in history
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...
Interview
Kevin McPartlan of Fuels for Ireland
...the highest dependencies on oil of all the European countries with some counties 75% reliant on oil for home heating. There are many in rural communities who drive 2.5 times...
Analysis
Greenergy – liquid problem solving
...oil prices could have on the country’s financial health. “When crude is high, money goes on foreign oil, sucking the liquidity out of the UK and European economy. The underlying...
News
Argus partners with OMJ to add transparency to downstream fuel prices
...international benchmarks for gasoline, biofuels and LPG. Global energy and commodity price reporting agency Argus has agreed to license its key European spot price assessments for oil products to OMJ...
News
Sustainable aviation fuel from sewage producer Firefly secures £5m Wizz Air investment
...a pioneer in renewable fuels, has the potential to deliver a new feedstock pathway. The project encompasses engineering design and construction of a demonstrator plant, capable of generating the quantities...
News
Honeywell technology to be used by BP to increase its worldwide SAF production
...used to produce SAF commercially since 2016. Developed in conjunction with Eni SpA, the process converts non-edible natural oils, animal fats and other waste feedstocks to renewable diesel and SAF...
Interview
In Conversation with Klass Oil: a class act in energy distribution
...Tom Kirrane in the oil industry for nearly 40 years. Originally setting up Emo Oil, Tom ran Texoil as a joint venture with Chevron until he sold his share in...