Interview
The battle to offer a competitive product
...average price. It is apparent that competing on price is paramount for oil distributors with most consumers now ordering smaller amounts of fuel, less often. What is also important is...
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Opinion
Will rising fuel prices accelerate the switch to renewables?
...reopened and manufacturing continued, the demand for energy also returned. The latest surge in fuel prices is largely due to the jump in oil prices that followed Russia’s invasion of...
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...
Analysis
25% increase in annual fuel prices drives fleet costs up by millions
...data from independent fuel card distributor, Right Fuel Card, revealed the differences in fuel prices across the UK in October 2022 against October 2021. Overall, the average price of fuel...
News
Oil heating cheaper than mains gas
...comparative UK domestic heating prices, the price of kerosene has fallen by nearly 30% over the past two years and it is the first time the price has fallen lower...
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...
Opinion
Suggested $100 oil unlikely given abundance of OPEC capacity
...capacity, may keep the crude price in check. As last year’s global output adjusted to the new reality of a relatively low oil price, some higher-cost non-OPEC production came offline...
News
Community Buying – The organisers’ view…
...as BoilerJuice on price – in fact they’re almost, without exception, the most expensive price I receive!” For Barney Lodge however, who runs the 1550 strong Essex-based Oil Buying Group,...
Interview
In conversation with Dave Walmsley: enthusiastic for NWF Fuels expansion
...is such that you’ve planned what you’re going to buy, negotiated prices, and calculated a customer price based on cost and profit. With the buying price moving extremely rapidly in...
News
Oil – cheapest home heating fuel by far
With average annual heating costs for oil users falling every quarter for the last three years, consumer confidence in oil heating has greatly increased. This is reflected by rising boiler...
Opinion
Consequences of IMO 2020
...and staff with local expertise are finding it difficult to consistently source the bunkers their clients needed. With a continuation of oil price volatility and a price trending upwards, we...
News
Market intelligence – FREE trial offer
...reliable intraday price assessments and cutting edge technologies. It is a Platts licensed distributor for UKI, a Dow Jones partner, and a licensed vendor of Financial Times forex prices and ICE Futures Europe oil prices....
News
OptiMate is the key to MechTronic success in Ireland
...Dundalk Oil, Atlantic Oils and Stewart Oils all placing (and receiving) orders in 2020. Barry Finlay at Dundalk Oil said; “We are delighted to be the first fuel oil operative...
News
Oil price at seven-year high amid supply concerns
...global oil inventories and the strength of demand. To avoid seeing the price of oil head into the $100 plus territory the best hope is that it is a combination...
Opinion
The billion barrel blow and why it may mean more pivoting in the fuel sector
...one but two fuel crises and at differing ends of the spectrum. Oil price lows and highs Firstly, fuel had a negative value. For the first time in living memory,...
Market Report
The impact of the Red Sea crisis and why expansion to the north could be catastrophic
...20 years, the Aden refinery was one of BP’s most profitable, taking cheap crude oil from inland Yemen and converting it into heavy fuel oil for shipping. However, in 1977...
Analysis
Lowest fossil fuel generation on record in Europe
...hours in which the day-ahead price fell to or below €0/MWh to increase substantially compared with previous quarters. There was also a slight recovery in gas prices across the quarter....
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...