Insight
BP Energy Outlook 2022 Edition – the outlook to 2050
...2035 and to 92 million bpd in 2040. Net Zero is related to COP15 global climate ambitions. Demand for oil is seen at 98 million bpd in 2025 and 75...
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Insight
Gas grid and storage facilities in the UK
...a number of other developed economies. Unlike oil, for which countries are mandated at all times to carry minimum inventories in terms of days’ demand, there are no comparable requirements...
Interview
How Phillips 66 is driving the industry evolution to future fuels
...emerged when only vegetable oils (e.g. rapeseed, soybean and corn oil) were used as feedstocks, however, with the advancement in production methods allowing the use of waste fats, oils and...
Insight
Downstream Norway: Leading the way in decarbonisation
...MT. Turning attention to the refinery network and oil products demand. Supply & Distribution: There is now only one operating refinery in the country, the Equinor (formerly Statoil) facility at...
News
Reap what you sow
...life goes on. Fortunately there’s usually a very clear division between peak gas oil volumes and heating oil demand,” adds Kevin. As part of the company’s investment into its fuels...
Case Study
QMRE: Transforming plastic waste into sustainable solutions
...that align with government incentives. QMRE’s ability to generate RTFO-eligible oil positions them as a key supplier in the evolving fuel market. As the demand for lower-carbon fuels grows, the...
Interview
In conversation with Prema Energy
...to the Carbon Reduction Commitment scheme. Biofuel oils made from tall oil pitch and later rapeseed oil distillation residue were developed to replace residual fuel oil in these plants at...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
Insight
Task force to take action on UK refining and fuel import issues
...recently published review into refining and fuel imports. Oil demand will reduce in the coming decades, but by 2030 the UK is still expected to consume some 50 million tonnes...
Market Report
Prices and predictions – what does 2025 have in store?
...China highlighted, such was the ongoing weakness of Chinese oil demand, that prices were not under pressure and, in fact, the oil market was increasingly heading towards over-supply. And so,...
Interview
Rationalisation in Irish oil distribution
...hopefully a decent winter, it could be a long overdue profitable year for oil distributors.” Others are less convinced…. Laura Gilpin of Belfast & Down Oil Supplies said: “The oil...
Opinion
The billion barrel blow and why it may mean more pivoting in the fuel sector
...this has happened. April 20th, 2020, was the first day in history when oil recorded negative values. US oil benchmark West Texas Intermediate (WTI) fell from $17.85 at the start...
Insight
The UK fuel industry: latest statistical analysis
...force in 2022.” The report indicates reduced throughput and utilisation of UK refineries in 2023 with output below demand, and the continuation of a long term misalignment between product demand...
Opinion
Wales earmarked to be a global innovation leader in the adoption of hydrogen as aviation fuel
...trucks, heating, and aviation. In this Transition Talk, we will dive into the viability of using hydrogen in aviation. To talk us through this, Anders Lorenzen, writing for Fuel Oil...
News
World’s largest renewable biomethane refuelling station opens
...Inverness all the way down to Cornwall. The company is aiming to build 12 additional stations each year to cater for growing demand. Meeting the demand for low carbon fuel...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
Insight
BP OUTLOOK 2023: the outlook for global energy to 2050
...to a low-carbon world will require a range of other energy sources and technologies, including low carbon hydrogen, modern bioenergy, and carbon capture, use and storage. Oil demand will decline...
Market Report
Why Canada’s environmental zealot will happily leverage the country’s oil to avoid financial havoc
...is only too aware of just how important this oil region is to the Canadian economy. Alberta’s oil sand deposits alone, represent the world’s third largest crude reserves and the...