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....
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Analysis
UK liquid fuel industry at a crossroads as global energy demand surges
...and coal collectively, still met 87% of global energy needs with each experiencing absolute demand growth: Oil demand reached a record 101.3 million barrels per day. Coal use rose to...
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
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...
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
Portland Market Report – oil prices
...Coronavirus has hit oil (and stock) markets like a whirlwind and all at a rather inconvenient time for the global oil industry. We discussed the impact on demand last month,...
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...
News
Unprecedented demand creates temporary oil shortage in Ireland
The recent extreme weather has caused a massive surge in demand for home heating oil in both Northern Ireland and the Republic of Ireland, creating temporary shortages with distributors forced...
Opinion
North Sea oil and gas must address challenges to mitigate energy crises
...report series from the Oil and Gas Transitions (OGT) initiative. Long a strategically important reservoir for oil and gas, the North Sea is now a pivotal ground zero for net...
Opinion
Non-energy use of oil products a huge challenge to international trade
...cycle — with spikes in the oil price often occurring before economic recessions,” said Chapman. “Oil has been essential for economic growth, but our reliance on it has created vulnerabilities....
Sponsored
ESL Fuels Biofuel Market Update – Q3 2025
...September, driven by volatility in the underlying gasoil benchmark due to geopolitical tensions, with an escalation of the conflict between Russia and Ukraine, following failed peace talks, disrupting oil supply....
Insight
How does the french downstream sector compare to the UK?
...major consumption points. A key area of difference is the composition of overall demand, with diesel accounting for 52% of total demand vs 35% in the UK. Unlike the UK,...
News
US oil price falls below zero for the first time in history
...reducing oil demand, but some industry forecasts were acknowledging a flattening off in long-term demand last year, before the pandemic began. “All companies in the sector will be looking at...
Insight
The changing world of the oil trader
...mt, which exceeds the combined inland oil demand of Germany, France and Italy. Looked at from another perspective, it represents almost four times the UK’s 2012 inland oil consumption! Tougher...
Interview
The battle to offer a competitive product
...Top Oil has invested in its Dublin terminal Tackling low margins Outlining how consumer spending has changed, Martin said heating oil order sizes had reduced to 500 litres and even...
News
With a little help from our friends and family
...Fuel Oils told Fuel Oil News editor, Jane Hughes. One of the newest entrants into fuel oil distribution, Standard Fuel Oils is based in Merseyside. Twenty-eight year old Nick has...
Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
...added oil demand in our view. Highly untraceable or detectable and out of sight. But this bullish drive for crude oil will be lost the moment natural gas price moves back...
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...