search | oil-demand
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...
...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...
...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...
...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...
...the communities we operate in, we can’t truly grow.” How is fuel demand changing? “The perception of domestic demand is that it is slowly declining as more homes look at...
...future of mixed energy systems. Liquid fuel demand: A longer than expected tail Only a few years ago, Ramsay expected petrol and diesel demand to start dipping significantly by the...
...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...
...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...
...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...
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...
...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...
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...
“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...
...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,...
...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...
...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...
...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...
...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...
