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...
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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...
Analysis
Why has the price of heating oil risen faster than crude?
Heating oil prices have surged in recent weeks, as global oil markets react to escalating conflict in the Middle East. But while crude oil prices have risen sharply, kerosene –...
News
NI Home Heating Oil Support Scheme launches: what suppliers need to know
...Blevings, director of the NI Oil Federation, welcomed the announcement: “We welcome the Home Heating Oil Support Scheme as this will assist consumers in reducing their oil bills as we...
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...
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....
Interview
Nolan Oils: why a pragmatic, family-owned distributor decided the time was right for HVO
For years, many independent fuel distributors have watched the growth of hydrotreated vegetable oil (HVO) with cautious interest – balancing questions around demand, pricing, infrastructure investment and long-term viability against...
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...
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...
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
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...
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...
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...
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...
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,...
Insight
What price oil? 2025 in review
...warplanes; the Caribou Lake wildfire threatened Canadian oil-sands output; then, on 13th June, Israel hit Iranian nuclear sites. Tit-for-tat escalation sent Gasoil futures exploding through $700/t. The US eventually joined...