Market Report
A special Christmas market report from Portland
...for black gold there and then. Lauren Laverne Really. Did you find oil in the garden? Gaz Oil No. Course not. Lauren Laverne Oh. What was the song then? Gaz...
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News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
News
Showcasing oil heating’s future
...behind the show Facilitating the way into this evolving marketplace is the Oil & Renewable Energy Show. Organised by A&D Publishing – publishers of Fuel Oil News, Oil Installer,...
Opinion
Can hydrogen deliver? Industry leaders weigh in on costs, policy, and progress
...a Senior Consultant in S&P Global – Oil Markets and Downstream (OMDC). He has ten years of professional experience working in the Oil and Gas industry, and is based in...
Opinion
Fuel price fears as OPEC+ cuts oil production
...to the end of 2023. A volatile market Walid Koudmani, chief market analyst at financial brokerage XTB comments: “WTI crude futures are trading around $88 per barrel on Thursday after...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
News
Which? reports on heating oil prices
With the price of heating oil at a four-year low, Which? has taken another look at the heating oil market; a market that has seen a 23% fall in price...
Insight
What are the issues causing uncertainty in the oil and gas sector?
...Russia by other global powers caused a notable surge in the price of WTI crude oil to $133.46 (£106.89) per barrel and Brent crude oil to $139.10 (£111.43) per barrel,...
Interview
A unique fuel industry set up for Convery Oils & Convery Engineering
Eamon Convery is the owner and manager of Convery Oils, a modern fuel distribution business based just outside Kilrea in Northern Ireland. Convery Oils delivers fuel products throughout Co. Derry,...
Insight
The Humber refinery – a key indigenous source of supply
...to seek new sources of crude oil elsewhere. By the end of that decade a consortium, in which Continental Oil was involved, had discovered substantial reserves in Libya. To take...
Insight
How does the french downstream sector compare to the UK?
...refined oil products market is of a comparable size and shows a similar pattern of modest decline over the past five or so years. The hypermarket groups – Intermarche, Leclerc,...
Insight
A vertically challenged market
...UK oil market has seen a gradual shift away from domination by the oil majors and mini majors. Their rationalisation and repositioning created a vacuum now filled by importers and...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
Insight
No easy decisions at Whitegate
...support the country’s oil needs is Whitegate. Oil refining on the island of Ireland Originally commissioned in 1959, Whitegate has a distillation capacity of 71,000 bpd. One third of output...
Interview
Negotiating the swings and roundabouts of fuel distribution
...sector in Northern Ireland does still enjoy a dominant market share at around 68%; but this is continually under threat from alternative fuel sources. The volatile nature of global oil...