Insight
What future for heating oil?
...200,000 and 250,000 commercial heating oil users. A snapshot of the trend in total UK domestic regular kerosene demand since the start of the millennium shows the following: Source: DECC...
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News
In Conversation with Klass Oil: a class act in energy distribution
...Tom Kirrane in the oil industry for nearly 40 years. Originally setting up Emo Oil, Tom ran Texoil as a joint venture with Chevron until he sold his share in...
News
BP to cut 10,000 jobs as virus hits demand for oil
...squarely at the door of the drop in oil prices and the global collapse in demand for oil owing to the coronavirus pandemic as he told staff; “You are already...
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
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...
Market Report
The impact of the Red Sea crisis and why expansion to the north could be catastrophic
...20 years, the Aden refinery was one of BP’s most profitable, taking cheap crude oil from inland Yemen and converting it into heavy fuel oil for shipping. However, in 1977...
Insight
Fixed price fuel option: Should distributors be offering one to their customers?
...of significant volatility in recent years include the COVID-19 pandemic, which caused an unprecedented demand shock and led to a collapse in oil prices. In contrast, Russia’s full-scale invasion of...
Insight
A look at the shape of the future UK downstream oil sector landscape
We are living through a time that has heralded much change and, before considering the future evolution and shape of the UK downstream oil sector, we will remind ourselves of...
News
Dealing with price volatility
...oil trading centres in Londonand Rotterdamgives us a unique insight in to market thinking and oil intelligence.” wwwfuelpricesonline.com The WP Group has used the service for over 10 years. Managing...
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...
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,...
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...
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...
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...