News
Double awards success for WCF Chandlers
At the end of 2022, WCF Chandlers, the Lincolnshire based distributor, celebrated a fantastic double win at a local business awards event. The annual Grantham Journal Business Awards were held...
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ESL Fuels Biofuel Market Update – Q1 2025
...the UK, following concerns that export prices are below market value, potentially undermining the domestic biodiesel market. EU anti-dumping levies on US product were lifted in the UK in 2022...
News
OMJ’s port report service
The Oil Market Journal (OMJ) has launched a series of new dashboards which provide full details on oil tankers en-route, in port and at anchor in ports around the United...
News
February 2016 update
...demand. The current over supply situation has been well documented; fracked oil flooding US markets, OPEC refusing to cut production in an attempt to maintain market share and now, Iran’s...
News
OPEC+ continues oil production cut in uncertain market
...into effect today, 5 December, in an already churning oil market. Speaking after yesterday’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+...
Market Report
Volatile grounds: How geopolitical crises shape oil price fluctuations
...per barrel. It was at this point though, that the big hedge-funds re-entered the market and bought swathes of oil futures. This obviously supported the oil price against further falls...
News
Simon – investing in our infrastructure
...since shipping moved from coal to oil. Government sponsored Navy oiling stations around the world provided physical impetus for the change from coal to oil burning ships of the line...
News
OMJ expands product range
The Oil Market Journal has greatly expanded its product offering to help clients to future proof their business for the low carbon economy. In addition to providing oil prices, OMJ...
Insight
Security of oil supply in the fuel distribution sector
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
News
James Smith 1925 – 2013
...Fuel Oil News back in 1977. A journalist with family roots in the energy industry, having started Knutsford Oil, he spotted a gap in the industry’s communication channel giving rise...
News
Could heating oil prices be frozen?
...impact on the cost of living very sharply into focus Economic and geopolitical factors have interacted with supply and demand issues in the global oil market generating the movement and...
Interview
DCC on ambitions for Ireland and energy transition
...for Retail & Oil, who joined the company 10 years ago, initially as managing director for oil, then for retail, oil and fuel cards, to understand more about DCC’s goals...
News
Fuel for thought…
The oil heating market has contracted significantly over recent years, because of what can legitimately be described as the ‘perfect storm’, says marketing consultant John Switzer, who works with Carbery...
News
The Phillips 66 Interview
...to grow its market share here. Fuel Oil News editor, Jane Hughes asked managing director, Pete George about the business, refining and fuels and its relationship with fuel oil distributors....
Interview
The downstream customer
...oil and there is a premium price to be paid for last minute deliveries!” Sue reflected: “We think that oil distributors would help, but the quicker you want your oil,...
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
Insight
The changing world of the oil trader
...Total, etc. These vertically integrated international oil companies (IOCs) have been joined by state owned concerns, or national oil companies ( NOCd )- names such as Aramco, Kuwait Petroleum, IPC,...
News
Portland Market Report – oil prices
...Coronavirus has hit oil (and stock) markets like a whirlwind and all at a rather inconvenient time for the global oil industry. We discussed the impact on demand last month,...