Insight
What price oil? 2024 In review
...way to Europe and stocks began to replenish, exacerbated by weaker demand. Petrol prices performed well ahead of the seasonal transition with fundamentals remaining tight. March Lower crude oil prices...
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Insight
Are fuel buying patterns changing in the UK and Ireland domestic heating sectors?
...Another key demand factor is seasonality. Typically, demand rises in winter and falls as temperatures increase. Global oil demand typically peaks in the Northern Hemisphere winter as heating oil use...
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...
Interview
The downstream customer
In the second in our series of customer conversations, Claudia Weeks, Community Content Lead for Fuel Oil News, spoke with more downstream oil users to find out what they really...
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Market Report
The increasing impact of China’s economy on global oil demand
...driver of oil demand growth over the last 20 years. Oil markets have become so reliant on China’s seemingly endless growth The slowdown in global oil consumption is largely the...
Analysis
Ambitious EV growth targets raise UK grid concerns but what of the impact on oil demand?
...oil demand. Alongside this, Aramco is testing technologies that will increase demand for oil in other areas. It has teamed up with Chevron Lummus Global, a venture to turn up...
Knowledge
Data: the UKIFDA databank
...petrol demand increasing by 4.1%, countered by a 3.2% decrease in demand for diesel. Biofuel demand continued to grow with bioethanol and biodiesel demand up by 16% and 19% respectively....
Insight
What price oil? 2023 In review
...2023 was driven as much by macroeconomic factors as it was by oil supply and demand. ICE Gas Oil rallied to a peak of $1,012.25/t. as China reopened its economy...
News
February 2016 update
...In the past, Portland has taken a fairly sanguine view of this supposed reduction in global oil demand – preferring to call it a slow-down in demand growth rather than...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
...more baked into oil prices. That’s after they were outweighed by weak economic prospects and a bleak demand picture in the past few months, as Brent oil price tests $85...
Further Reading
Analysis
Why kerosene surged: Inside the heating oil price shock
...escalated, global oil markets reacted instantly. Shipping through the Strait of Hormuz – a critical oil transit route – was disrupted, tanker movements slowed and traders priced in supply risks....
Interview
In Conversation with The Oil Lady
The Oil Lady is a fuel distribution business based in little Yeldham, Essex. It was founded in 2015, by Sheila Considine. Claudia Weeks, Content Lead for Fuel Oil News, spoke...
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
September 14 update
...North Sea oil had just been discovered and the slogan “it’s our oil” began to get traction. Back in October 2013, we looked at the downstream oil industry in Scotland...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...coronavirus, demand is expected to increase resulting in rising global oil demand through 2023. This will leave producers once again needing to increase output to balance supply and demand. Given...
Insight
Security of oil supply in the fuel distribution sector
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
Analysis
What price oil? Q2 2025 in review
...all nations apart from China 10 US tariff on China confirmed at 145% 11 China announces 125% on US 14 OPEC cuts demand forecast 15 IEA cuts oil demand forecast...
Interview
Celebrating 50 golden years of Peak Oil
...Peak Oil Tom Pearson founded Peak Oil as a business from his home address in Dronfield, back in 1972 and explains how it all began: “I started Tom Pearson Oils...