Opinion
Logistics UK calls for diesel duty cut to protect UK economy
...Autumn Statement, should fuel prices have fallen.” Crude oil was trading at its highest level for 14 years on 8 March 2022. The cost of crude oil has risen by...
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Opinion
Could the lack of offshore wind bids in the latest CfD be the catalyst the sector needs?
...Market conditions: Projects scheduled for construction between 2026 and 2028 would require developers to secure new supply contracts at potentially elevated prices due to tightening supply and demand balances. Anticipation...
Insight
The UK fuel industry: latest statistical analysis
...from where refineries source their crude oil feedstocks, to how many EV charge points are now in operation at the UK’s petrol filling stations. With the sector evolving, it is...
Insight
The evolution of the UK biofuels sector
...problems associated with volatility of RTFC prices and volumes traded The impact of continued low oil prices on blending economics The consideration of different obligation levels for biodiesel/bioethanol eg. in...
News
It’s all hands on deck at Nolan Oils as fuel sales accelerate
...kerosene sales and fuel sales generally. A perfect storm A combination of unusually high prices and unseasonably mild weather through the autumn and early winter led to homeowners holding off...
News
Fair price award for Isle of Wight Fuels
...oil buying groups in particular. These individuals, suppliers and organisations went the extra mile and certainly thought way outside the box to help make community oil buying an even bigger social...
News
Vote of confidence for Mabanaft
...pleased that 75% rate our prices as ‘good ‘or ‘excellent’. In effect, 100% of customers now rate our prices as ‘average’ to ‘excellent’. “Our performance for reliability of supply also...
Interview
In conversation with George Eustice MP
...Margaret Major, Publishing Director for Fuel Oil News, spoke with George Eustice MP, one of the event’s key speakers, to hear more about his involvement with the industry’s Future Ready...
News
Government declares support for UK aviation as it unveils SAF mandate
...Protecting consumers Despite the price differential of SAF, the government suggests that the plan, which includes a mechanism to help manage prices and minimise the impact on ticket fares for...
Insight
Reducing fleet costs: how technology is reducing costs
...frequently changing prices are key challenges. It is becoming increasingly important that decision-making is based on real time data, given the impact of extreme market situations in the energy industry...
News
Energy statistics show fall in oil production
Thr price of heating oils rose by 4.1 per cent between Q1 2011 and Q1 2012 Oil production fell by 13 per cent in the first quarter of 2012, when...
Opinion
Warning over red diesel price hike
...SulNOx Group Plc, said the timing of the rule change, particularly in the current climate with record fuel prices, was worrying. “A radical rethinking of the government’s fuel policies is...
Insight
Ken’s Corner: Unintended consequences
...the budget was released, UKIFDA wrote to the Chancellor to express our concerns. As many will know, fuel distribution involves many companies, unlike the supply of oil and gas to...
News
Truck cartels – claiming damages
...to claim compensation in court for any loss which they suffered as a result of the higher prices which they had to pay for trucks due to the price fixing,...
News
OMJ launches B7 Blended ULSD – UCOME Benchmark for UK
Oil pricing solutions provider, The Oil Market Journal, has launched a B7 benchmark price which reflects product supplied at a UK refinery level. The new OMJ benchmark is based on...
Opinion
Survey suggests supply chain at risk unless action taken
...logistics industry is struggling with inflated prices, as bulk diesel increased by up to 42% in the first six months of the year. Ensure supply chain health Sarah Watkins, Logistics...
Opinion
Energy bill support welcome but raises questions over cost and timescale
...Logistics UK, comments: “Rising energy prices are a great concern to businesses across the logistics industry, which is already operating on low profit margins. The financial support provided by the...
News
No abuse by fuel suppliers says OFT
...differential between island pump prices and those on the mainland, there was no evidence of a distortion of competition. However, a door has been left open for consumers to provide...