Insight
What price oil? 2022 in review
...a key producer of several important commodities including oil, gas, and wheat, prices of these soared as supply chains were disrupted. The oil price was somewhat tempered by renewed Covid-19...
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Analysis
What price oil? Q1 2025 in review
...7th March. All other biofuel premiums to ICE Gasoil rose sharply as Gasoil weakened. UCOME prices briefly came under pressure from low HBE ticket prices which reduced physical blending. On...
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...
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...
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...
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
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...
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...
Sponsored
ESL Fuels Biofuel Market Update – Q1 2025
...supply and easing prices. Exchange rates will also play a part, as oil and refined products are traded globally in USD. GBP gained 6 cents on USD during Q1, reducing...
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...