Analysis
Harvest Energy – change, challenge and opportunity
...is hard work but the work offers good regular volumes,” Simon said. “Specification changes in gas oil have driven growth for us. The whole gas oil market is very interesting. ...
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News
Biofuels – an uncertain future
...“There’ve been setbacks for UK producers targeting the road fuel market,” explains Richard Crowhurst, managing director of market analysts Enagri. “The year started badly for Vivergo Fuels (a joint venture...
News
Backing a certainty
...intuitive, enabling the visitor to find exactly what they’re looking for.” Acquisitions In 2001 when DCC Energy moved into the British market it was Ireland’s fastest growing independent oil distribution...
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...
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,...
Market Report
When the tide won’t turn: Markets surging past the pull of policy
...the US economy. There would be a doubling down on oil, gas and coal production, whilst at the same time, renewables would be shunned. One year on then, how much...
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...
Analysis
UK biofuel industry faces existential threat
...market” brought on by the tariff change. Vivergo, owner of the UK’s biggest bioethanol plant, had already issued warnings about the sustainability of its operations under current market pressures. Citing...
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...