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...
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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...
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...
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...
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
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,...
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...
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....
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...
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...
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,...
Analysis
Greenergy – liquid problem solving
...oil prices could have on the country’s financial health. “When crude is high, money goes on foreign oil, sucking the liquidity out of the UK and European economy. The underlying...
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...
Market Report
The increasing impact of China’s economy on global oil demand
...oil prices sky-rocketing and yet for most of the year, the market has remained fairly stable. Plentiful oil supply has helped of course, but on the demand side, it has...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
News
With a little help from our friends and family
...Fuel Oils told Fuel Oil News editor, Jane Hughes. One of the newest entrants into fuel oil distribution, Standard Fuel Oils is based in Merseyside. Twenty-eight year old Nick has...