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...
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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...
Market Report
Venezuela: Why the market doesn’t share Trump’s enthusiasm.
...its knees by cronyism and anti-American politics. The assets of private US oil companies had been forcibly taken over by the corrupt state oil company PDVSA and production had plummeted....
News
An Iran Conflict special market briefing From the Oil Market Journal
...demand. It is calculated by taking the total amount of oil in storage and dividing by daily demand. Typically, oil traders use the weekly data for United States as a...
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...
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...
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,...
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...
News
The shipping news
...High Sulphur Fuel Oil LSFO – Low Sulphur Fuel Oil LSMGO – Low Sulphur Marine Gas Oil IFO – Intermediate Fuel Oil ECUK – East Coast UK ECA – Emission...
News
OptiMate is the key to MechTronic success in Ireland
...Dundalk Oil, Atlantic Oils and Stewart Oils all placing (and receiving) orders in 2020. Barry Finlay at Dundalk Oil said; “We are delighted to be the first fuel oil operative...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
Donall O’Connor, Value Oils “As Northern Irish oil distributors, we are part of a saturated supply market where consistent pressure on margins exists for all but a few high demand...
Analysis
What price oil? Q1 2026 in review
...Oil Market Journal, we highlight some of the key events that have impacted pricing over the quarter. World on the brink: U.S. strikes, Iran conflict and oil shock rock global...
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...
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...
Market Report
Why US action in the Middle East has handed power to the regime it intended to suppress
...oil onto world markets, it must be shipped eastwards via the Straits. That volume of oil equates to 20m barrels of crude per day (bpd) or 20% of global oil...
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...
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...