News
Food-based biofuels to be capped
...4.5%. Biofuels produced from oil crops can give out more carbon emissions than diesel, and cause higher food prices. Connie Hedegaard told the Guardian: “We cannot morally afford to build...
search | oil-prices
News
Red diesel rebate change – the unwelcome impacts and contradictions
...duty change so it’s having a massive impact on us and our customers as we’re having to charge more money. “We can only cope by putting our prices up which...
News
Manx Petroleum – Fuelled with island spirit
...UK downstream has seen Manx Petroleum go through a period of transition leading to the creation of a new brand identity. To learn more, Fuel Oil News visited the company...
Opinion
Logistics operators report escalating costs as fuel prices soar
...than six in ten saying that both air and international road freight rates had also increased substantially. Fuel cost increase is impacting demand Bulk diesel prices, which constitute about 30%...
Opinion
Calls for ‘vital’ fuel tax cut to remove inflationary pressures on distributors
...fuel is key in the delivery of goods across the UK’s economy, and the knock-on effect of sustained prices will be increased costs for consumers and businesses: “77% of all...
Analysis
A year in the wholesale markets
...to create maximum flexibility in our product origination, to keep product costs as low as possible,” added Andrew. The same thinking has driven Greenergy’s investment in Thames Oilport – a...
News
Government urged to set achievable SAF targets and consider impacts on kerosene supply
UKPIA is calling on the UK Government to set an achievable target for the amount of Sustainable Aviation Fuel (SAF) used by UK airlines in 2025 or risk higher prices...
Analysis
Potential impacts of April’s NIC and minimum wage changes
...rising costs, from fluctuating fuel prices to vehicle maintenance and insurance. With the increase in NICs and wages, a company could see a significant increase in annual payroll costs. For...
News
Ready for a top up?
...said transport manager, Mark Mackenzie. “It’s becoming less popular as everyone’s pushed further into comparing prices for everything. When prices didn’t change every five minutes you’d find a much more...
Opinion
CIA President speaks out against the UK Government’s lack of energy policy
...throughout the UK.” He said: “Oil flows through the system have declined by a dramatic 40%, meaning that the country is becoming ever more reliant on imported oil and gas. It puts...
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...
News
Government announces increased heating oil payment to be made ‘in the new year’.
...confirms. “Given the highly competitive nature of the heating oil market, many users hold active accounts with multiple heating oil distributors making a fixed payment challenging to deliver without duplication....
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...used oil through a fully circular waste oil management solution. Through servicing customers’ vehicles at their 50+ sites nationwide, Jardine generates significant volumes of used lubricating oil which is now...
News
University scientists have developed a greener marine fuel
...up to 500°C to convert them into bio-oil. Solvents were added to the bio-oil, which was then blended with used cooking oil or fat to create the fuel. Dr Abul...
Analysis
What is the direction of travel for the UK energy sector?
...Conservative commitment to keeping the oil and gas windfall tax they introduced as well as the allowances that incentivise investment in North Sea oil and gas. The Conservatives The Conservatives...
Insight
Downstream Norway: Leading the way in decarbonisation
...cover these requirements, leaving a modest surplus across all grades. Stockholding obligations Norway imposes emergency stockholding obligations on oil importers and oil producers who imported quantities of oil equal to,...
News
BP to cut 10,000 jobs as virus hits demand for oil
...squarely at the door of the drop in oil prices and the global collapse in demand for oil owing to the coronavirus pandemic as he told staff; “You are already...
News
Europe’s most advanced oil re-refinery now operational
...of used oil. Environmental profile As indicated by the name, AVISTA Green has an environmental profile. Passing through the plant, the used oil is up-cycled back into high-quality base oil...