News
Oil – cheapest home heating fuel by far
With average annual heating costs for oil users falling every quarter for the last three years, consumer confidence in oil heating has greatly increased. This is reflected by rising boiler...
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Market Report
A special Christmas market report from Portland
...for black gold there and then. Lauren Laverne Really. Did you find oil in the garden? Gaz Oil No. Course not. Lauren Laverne Oh. What was the song then? Gaz...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
News
NI oil stocks starting to replenish after high demand saw supplies run low
...“We saw unprecedented demand for home heating oil during August as prices moved lower in the early part of the month and consumers sought to replenish stocks ahead of winter....
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...announced their merger. Both FPO and OMJ provide intraday and settlement oil price information to UK and Irish oil distributors, service stations and other large volume oil buyers. Basil Shourou...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
Market Report
Prices and predictions: how are we faring?
...and nor have the lower prices for refined products generated an uptick in demand. In fact, world oil demand is currently decelerating, with the Chinese economy flatlining, and consumption stagnant....
News
Green fuel demand sees Crown Oil expand
Rocketing customer demand for alternative cleaner fuels sees Crown Oil expand with investment in a new site. The Bury-based business, part of the £420m-turnover Crown Oil family of companies, has...
Insight
Heating future: prospects for kerosene and HVO
...and Belgium, using mazout, a heating gasoil grade. Currently, in the UK as regular burning oil, it accounts for around 15% of kerosene demand. When considering its future prospects in...
News
Drop in oil product demand highlighted in industry review
...on the sector. The impact of the pandemic The impact of Covid-19 on supply and demand in the sector has been significant, with the demand for oil products falling by...
Insight
Downstream future: decarbonisation, collaboration and digitalisation
...looking at ways to decarbonise – both personally and professionally. Society is demanding it, and that demand is supported by new rules and laws from regulators and governments. The oil...
Insight
Association stats show steady progress towards net zero
...tolerance compared to those in America and Asia. Unlike crude, Russian oil products -especially diesel and gas oils – were replaced from a large mix of countries, notably India, Kuwait,...
News
Supplying renewable, carbon-neutral biofuels
With a shelf-life of up to 10 years, Crown Oil is backing HVO, which can be used as a drop-in replacement for regular diesel and gas oil with the approval...
Insight
What the UK CCS announcements mean for the sector
...lost oil and gas workers. The demand created by the surge in CCS and CCUS is likely to be so high that workers transitioning from the oil and gas sectors...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
Market Report
Saving Mexico’s state oil giant – a strategy of hope over experience.
...nationalisation of all privately held oil interests in Mexico and for most of the 21st Century, Pemex has been Latin America’s second largest enterprise by annual revenue (Brazil’s state-run oil...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...