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)...
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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...
Analysis
Industry reinforces commitment to genuine sustainability as BBC discusses HVO feedstock concerns
...sustainability of HVO, particularly regarding feedstock sources. A recent BBC article highlighted specific issues surrounding the inclusion of waste products from palm oil production—such as palm oil mill effluent (POME)—a...
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...
Interview
In conversation with Bedford Fuels Ltd
...Oil Company, until it was sold to Oil NRG Ltd what have you been doing in the interim and why are you keen to come back to the sector now?...
News
Reap what you sow
...life goes on. Fortunately there’s usually a very clear division between peak gas oil volumes and heating oil demand,” adds Kevin. As part of the company’s investment into its fuels...
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...
Market Report
Is there method behind OPEC’s apparent madness?
...oil prices are high) were also able to continue extracting oil from fields, that really should no longer be producing. To the Machiavellian minds at the top of the OPEC...
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...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
News
Getting warmer in the community
...tenants. In return CBL has developed a community oil fund that purchases oil on behalf of Cottsway’s tenants. The smart meters inform CBL of oil used, with tenants able to...
Insight
No easy decisions at Whitegate
...support the country’s oil needs is Whitegate. Oil refining on the island of Ireland Originally commissioned in 1959, Whitegate has a distillation capacity of 71,000 bpd. One third of output...
News
Oil & gas investment key to UK transition
...country’s need for oil and gas declines, demand for oil and gas will still outstrip domestic supply and we will never produce an excess of oil or gas as some...
Opinion
Home heating policies are impacting voting intentions in key rural constituencies
...expected to only cover a small number of the estimated 1.7 million UK homes on oil heating. Alternative solutions for oil homes include renewable liquid fuels such as hydrotreated vegetable...
Insight
UKIFDA updates heating oil price guidance ahead of winter
...year, conflict in the Middle East resulted in sharp increases in wholesale jet fuel prices, which in turn drove higher heating oil prices across the UK. Since heating oil and...
Analysis
Greenergy – liquid problem solving
...using additional vehicles during periods of heavy demand. Fuel Oil News recently interviewed Greenergy’s chief executive, Andrew Owens. Investing in infrastructure “We’ve made some significant infrastructure investments in order to...