News
Oil price at seven-year high amid supply concerns
...oil in the world at a time when demand is robust and still growing. With Covid restrictions being lifted in many countries, demand will be further stimulated. “Tank bottoms are...
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Opinion
Free oil? Not today …
...behind the myth, “There is no doubt that oil demand has collapsed precipitously and that fuel prices have also come down a lot with the reduction in demand. But 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...
News
Cyberattack effect on oil prices
...transportation can affect oil prices due to the impact on the balance of supply and demand; if supply is limited and cannot meet demand as a result, prices generally rise....
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...
Insight
What price oil? 2022 in review
Ian Moore, founder and managing director of The Oil Market Journal, takes us through the year, highlighting the main impacts affecting the oil price in 2022. Contained within this article...
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 outlook for energy: A view to 2040
...presence in the global energy market, its key findings are worth capturing. Oil will remain the number one global fuel What are the key findings of this ‘window to the future?’ Oil...
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...
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,...
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...
Analysis
What price oil? Q3 2025 in review
In association with The Oil Market Journal A quarterly review of the movements of, and impacts on, brent crude and HVO diesel prices. With data supplied by the Oil Market...
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
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...
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....
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...
Analysis
Government announces £50m support package for heating oil users – but questions remain over scale and delivery
...long‑term contracts, so oil‑heated households can shop around. However, this also means distributors cannot predict demand in the same way as gas and electricity companies. When demand rises suddenly or...