News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
search | oil-market-journal/feed
Interview
Oil v gas
...Faherty. Market share peaked in 2005 with 75% of households using heating oil; reduced to 68% in 2009. Speaking at the company’s base 20 miles from the urban Belfast centre,...
News
Will liquid fuels be heating homes in 2030?
...the market for oil boilers predominantly in the replacement sector, OFTEC’s strategy is to retain the present oil-fired boiler market share. Using initiatives such as the Oilsave campaign, OFTEC is...
Interview
Holding steady in challenging times
...band of hauliers that remain on its books. Marketing and promotional plans are also put in place – marketing the Drury Oils brand and product both locally and online is...
News
A Wild Wednesday at the Fuel Oil News Distributor Debate
...Mark Nolan (7) of Nolan Oils, seen among many familiar faces, was spurred on by Jeremy’s call to fight for oil heating and is actively promoting the campaign in the...
Analysis
Greening the sector: Dover Fueling Solutions considers the future for fuels
...energy and global platforms, shares her thoughts on the future for fuel with Claudia Weeks, content editor for Fuel Oil News. Can you tell us more about Dover Fueling Solutions?...
Opinion
In the light of the Purvin & Gertz report discussed in FON’s July issue, are you worried about the UK’s refining resilience?
...the recent Energy and Climate Change Committee Inquiry: UK Oil Refining recognised the importance of oil products and UK refining to the UK’s economy. The report supported many of the...
News
Drop in oil product demand highlighted in industry review
...fuel oil production which rose by 5%. Despite the effects of the pandemic, the 10-year average proportion of refined product production has not been affected and heating oil remains 3%...
News
Ground breaking transatlantic flight hailed as significant step for sustainable liquid fuel
...of their fossil kerosene with SAF by 2030 – in line with some national mandates. “The SAF market is a relatively new, but rapidly growing, industry. Based on the latest...
News
Greenergy reports 82 per cent profit rise
Greenergy, which supplies almost one quarter of the UK’s road fuels, reported an 82 per cent rise in profit due to cheaper feedstock and increased sales amid a growing market...
News
Agreement will see UK oil production facility powered by wind
...to create one of the UK’s first oil and gas facilities powered mainly by offshore wind. The deal will deliver the UK’s first Floating Offshore Wind unit manufacturing and assembly...
Opinion
What price oil? Fuel industry experts share predictions for 2023
Unprecedented, tumultuous, extraordinary. Access to a thesaurus was useful whilst writing about the oil markets and fuel prices in 2022. As we enter 2023, conflict and covid are still having...
Interview
MechTronic: celebrating 20 years
...fuel oil distributors time and money and prevent contamination. In 2024 the company is celebrating its 20th year in business! Claudia Weeks, Community Content Lead, spoke with Emma Allinson, Marketing...
Insight
The role of LNG in the global energy transition
...production can be optimised, emissions can be reduced and the reliability of power supply can be enhanced. LNG as a feedstock will compensate for the intermittent nature of renewable energy,...
News
Phillips 66 extends renewable diesel offer to forecourts
...similar to conventional fossil fuel-based diesel but derived from biomass sources such as used cooking oil, fats, greases and vegetable oils resulting in a fuel of significantly lower carbon intensity...
News
Oil price rises over $70 a barrel
...the economic revival will be soon coupled with oil demand recovery,” said Tamas Varga, an analyst at PVM oil brokerage in London. He cautioned, however, that the recovery still faced...
News
Oilfast extends exciting partnership to support more dreams
...from low-income backgrounds to participate, Oilfast launched the Oilfast Trust Fund to offer two scholarships. The Oilfast Trust Fund: A commitment to equal opportunity James Hughes, Business Development Manager for...
Opinion
UKIFDA encourages homeowners to start biofuel transition
...adds Guy Pulham. Exercising efficiency “If consumers want to change their existing oil boiler for a new oil boiler they can still do so. We recommend switching to a condensing...