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...
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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...
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...
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...
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...
Analysis
Energy Resilience – Is the UK facing a crisis?
...had 6 operating oil refineries, all under all or part foreign ownership, other than the Prax Group owned Lindsey Oil refinery based on Humberside. As of today, only five remain,...
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...
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....
Sponsored
ESL Fuels Biofuel Market Update – Q4 2025
...although strong rapeseed demand (the key feedstock for RME and accounting for 90% of FAME-10 pricing) helped limit losses, as well as being indirectly supported by rising domestic biofuel demand...
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...
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
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
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...
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...
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...
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
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...