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,...
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Market Report
Prices and predictions: how did we do in 2025, and what does 2026 hold?
...course were that supply exceeded demand and this trend looks sure to continue in 2026. Oil producers, it seems, are on a kamikaze mission to increase oil production even though...
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,...
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....
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...
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...
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...
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
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...
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...
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...
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...
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...
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...
Insight
Which complementary services should fuel distributors offer?
...repeat demand Limited additional staffing requirements Faster payback periods Cross-selling opportunities with existing customers Minimal operational disruption AdBlue in particular benefits from recurring demand linked directly to diesel fleet usage,...