News
OPEC+ continues oil production cut in uncertain market
...an expected increase of 2 million b/d for demand for the year. Hittle said: “Prices are currently weighed down by expectations of slow demand growth, despite the EU oil import...
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Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
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...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
Opinion
The oil market continues its cautious rally but more uncertainty lies ahead
...for the industry. For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a...
Opinion
Suggested $100 oil unlikely given abundance of OPEC capacity
...year. Jet-fuel demand could still be more than 50% lower in 1Q, BI analysis shows, having accounted for almost 8% of global oil demand prior to the pandemic. According to...
Opinion
New UK oil essential for low carbon future
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK). Katy shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
Market Report
Disrupting the sector: the new Nigerian super-refinery
...oil producer in Africa (15th in the world), but it also has the 10th largest oil reserves on the planet. At the same time however, those same casual observers would...
News
Oil price rises over $70 a barrel
...the economic revival will be soon coupled with oil demand recovery,” said Tamas Varga, an analyst at PVM oil brokerage in London. He cautioned, however, that the recovery still faced...
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,...
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...
Insight
Marine bunkering – fuel for a vital activity
...oil/ light fuel oil, with maximum density which can range between 0.890 and 0.920 kg/m3 at 15 degrees C Marine gas oil – meets the inland heating oil specification i.e....
News
UK refining – hunting for answers
...by 2035, the International Energy Agency expects 80% of EU transport fuel demand to still be met from oil derivatives with most demand met by ordinary fuels particularly for the...
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...
Opinion
Highs and lows of the oil price drop
...fuelled by heating oil. As the first wave of the Coronavirus spread across the globe, forcing the majority of the world into lockdown, the demand for fuel fell off a...
News
Could heating oil prices be frozen?
...rising demand for refined oil products. Indeed, the same report pointed out that the UK depends on imports for 44% of its heating oil requirements. A fact that vividly illustrates...
News
BP energy outlook suggests global oil demand may have peaked
...climate action, suggests that demand will plateau at the 2019 level for several years before declining from around 2035. While oil demand is not expected to collapse, a plateau or...