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...
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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....
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...
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,...
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...
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...
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
Fixed price fuel option: Should distributors be offering one to their customers?
...global energy markets, with Iran effectively closing the Strait of Hormuz, a vital chokepoint for approximately 20% of the world’s oil exports, by targeting vessels attempting to transit the waterway....
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,...
Insight
Fuel purchasing: Should you contract your supply or not?
...fixed price mechanism should not be used to try to ‘beat the market’ i.e. fixing with the expectation that the daily market will rise, as it also possible the market...
Insight
What future for heating oil?
...Energy Trends: Oil & oil products, Supply & use of petroleum products. So, it appears that the market has moved from the range of 2.2-2.5 million tonnes/year (2.7 to 3.0...
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...
Market Report
Venezuela: Why the market doesn’t share Trump’s enthusiasm.
...its knees by cronyism and anti-American politics. The assets of private US oil companies had been forcibly taken over by the corrupt state oil company PDVSA and production had plummeted....
Opinion
North Sea oil and gas must address challenges to mitigate energy crises
...report series from the Oil and Gas Transitions (OGT) initiative. Long a strategically important reservoir for oil and gas, the North Sea is now a pivotal ground zero for net...
Market Report
Why US action in the Middle East has handed power to the regime it intended to suppress
...oil onto world markets, it must be shipped eastwards via the Straits. That volume of oil equates to 20m barrels of crude per day (bpd) or 20% of global oil...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...