News
Thoughts on fuel prices – November in review
...in lower prices. It’s beginning to look a lot like…. Chaos in the oil markets 5th December could be a history defining day with regards to oil prices. On that...
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Market Report
Prices and predictions: how are we faring?
...and whether the oil price predictions we made in January are on course to be correct. Let’s start with crude and the Brent price, which started the year at $76...
Interview
Value Oils: leader in online fuel distribution
...at competitive market prices. “Now trading under the registered brand name ‘ValueOils.com’, the company runs a successful, independent online home heating oil price comparison website across the whole UK. The...
News
OPEC+ continues oil production cut in uncertain market
...ban on Russian crude and the G7 price cap. The adjustment to the EU ban and price cap is likely to support prices temporarily.” Product import ban will support prices...
Opinion
Highs and lows of the oil price drop
...main gas supply, and therefore relying on heating oil, the sudden price drop meant that many households were purchasing extra oil to store, before the prices inevitably began to climb...
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
News
Oil users – fuel price winners once again!
...commentators agree that OPEC’s attempt to push the price of crude oil up has probably failed. While it’s never possible to predict the price oil with certainty, unless there is...
News
Could heating oil prices be frozen?
...very little mention was made of other fuels such as heating oil. The possibility of a heating oil price freeze Citing international factors, gas and electricity suppliers plus a number...
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
Oil – the only heating fuel where prices have fallen
Jeremy Hawksley speaking about Oilsave and the fight for oil heating at the Fuel Oil News Distributor Debate earlier this month. See the March issue of Fuel Oil News for...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...Northern Ireland and will continue to provide reliable intraday oil prices, Platts closing settlement prices and a wide range of other oil price information, news and analysis. FPO – OMJ...
News
Dealing with price volatility
...on offer Who, what, when, how much and at what price? At Argus market intelligence services underpin price assessments. With more than 200 reporters worldwide monitoring, checking and reporting...
News
Oil prices rise on OPEC+ deal extension
An agreement to extend the deal on record production cuts until the end of July which was reached at a virtual meeting of OPEC+ on 4 June, saw oil prices...
News
February 2016 update
...would have sent prices sky-rocketing. But such is the current level of over-supply in the oil markets that prices only momentarily headed up, before continuing their relentless drive downwards. The...
Opinion
Fuel price fears as OPEC+ cuts oil production
...to increase output to stem rising prices, and the latest rebuff leaves the President assessing whether to release further strategic oil stocks to lower prices. “The President is disappointed by...
Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
...oil and natural gas prices are racing towards each other at a rapid pace. “Natural gas prices have been much higher than oil prices since late July 2021. This has...
Market Report
The eternal influence of black gold
...the field are clearly vast. At today’s oil price ($90 / bbl), the oil field has a value of around $1trn and, with current production levels of 500,000 barrels per...
News
UK and allies announce price cap of $60 on Russian Oil
...European Union, agreed on Friday to set the $60 price cap on Russian crude oil traded by firms shipping oil to third countries with the price to be kept under...