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...
search | oil-price
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
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...
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
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
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
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
The price quoted is the price the customer pays?
...are competitive on price, and if the price quoted does not match the price invoiced, this reflects badly on our customer service. So it is very important that the price...
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...
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...
News
Oil price rises over $70 a barrel
...future demand increases. And this concern over supply is contributing to the current oil price gains. Having reduced output through the pandemic, Opec and other large oil producers are slowly...
Insight
Fuel prices – impacts and forecasts
...current oil price and avoid a drop in revenue, so took the step to cut production now to ensure history did not repeat. The markets did of course react to...
News
Argus partners with OMJ to add transparency to downstream fuel prices
...international benchmarks for gasoline, biofuels and LPG. Global energy and commodity price reporting agency Argus has agreed to license its key European spot price assessments for oil products to OMJ...
Interview
In Conversation with The Oil Lady
The Oil Lady is a fuel distribution business based in little Yeldham, Essex. It was founded in 2015, by Sheila Considine. Claudia Weeks, Content Lead for Fuel Oil News, spoke...
News
The distributor offer revisited
...of the value chain – whether filling station pump prices, heating oil prices or those charged to commercial/industrial users. This has recently triggered an OFT investigation into how pump prices...