Interview
A better strategy for Irish distributors
...capital employed (ROCE) The RoI heating oil market is oversupplied – simply put, there are too many oil distributors. This equilibrium imbalance can only be resolved by a reduction in...
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Interview
Oil clubs, drums, kero pumps and NIOF distributors
...local market in Northern Ireland, where 275 distributors supply around 500,000 homes, these savings are frankly not realistic. Reviewing the Fuel Oil News Price Totem the actual distributor margin in...
News
Community Buying – The organisers’ view…
...customers to purchase their oil before December to try and avoid paying an inflated price.” Keith Weller, co-ordinator of the Worcestershire-based Bayton Oil Syndicate agrees: “I get people to buy...
News
Bungalow destroyed by tank fire
...to installing and protecting oil tanks. As well as the human risk, an unprotected oil tank can cause substantial damage to property if set alight. Government statistics estimate the average...
News
Heating oil theft falls
OFTEC registered technicians can assist your customers with advice on the necessary precautions to protect their oil heating assets OFTEC has welcomed research which reveals that heating oil is no...
News
Making light work of heavy oil
The V25 Test Rig at the Trondheim, SINTEF Research Institute Using environmentally friendly methods to process crude and dirty oils, Fluid Oil has commissioned its first heavy to light oil...
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...
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
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...
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...
Interview
CDS: 50 years of powering customer success
CDS has been delivering innovative software, technical support, and customer service to the downstream oil and LPG industries for 50 years. Claudia Weeks, content editor for Fuel Oil News, visited...
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...
Interview
ROM1 – a step in the right direction
In a bid to reduce illegal oil trading, the Revenue Commissioners introduced monthly Return of Oil Movements (ROM1) reports into the Republic of Ireland last year. Feeling weighed down by...
Opinion
A reliable and secure supply
...acquired the Lindsey Oil Refinery in March of this year. Headquartered in London, this British multinational independent oil refining, trading, storage, distribution and retail conglomerate has gained a well-deserved reputation...