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...
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Analysis
Industry cleared again: Irish regulator finds no fault in fuel price surge
...“What we see is that the large wholesale price increases explain effectively all of the retail prices, and that’s across heating oil kerosene, petrol and diesel.” For fuel oil distributors...
Insight
What price oil? 2025 in review
...prices have varied through 2025. The data presents HVO diesel alongside Brent crude data, with data supplied by The Oil Market Journal. the markers and text boxes highlight some of...
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
Analysis
What price oil? Q1 2026 in review
...barrels of oil did little to cool the market and prices continued to rise. $150 Oil warning With supply chains under strain, warnings of a price shock are growing louder....
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...
Insight
Fuel purchasing: Should you contract your supply or not?
...whilst ensuring that although prices will still rise and fall with the market, the margin applied by the supplier does not vary. Wholesale prices are based on published settlement prices...
Insight
What price oil? 2022 in review
...a key producer of several important commodities including oil, gas, and wheat, prices of these soared as supply chains were disrupted. The oil price was somewhat tempered by renewed Covid-19...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
...more baked into oil prices. That’s after they were outweighed by weak economic prospects and a bleak demand picture in the past few months, as Brent oil price tests $85...
Market Report
Prices and predictions: how are we faring?
...it has had in lowering consumer prices, because do remember that end-users buy refined products, rather than crude oil itself. So, in January, refineries were buying their crude at $76...
News
OPEC+ continues oil production cut in uncertain market
...into effect today, 5 December, in an already churning oil market. Speaking after yesterday’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+...
News
Oil – the cheapest of all major heating fuels
...expensive than LPG and 42% cheaper than electricity. A renewed appreciation of the benefits of oil Most experts agree that oil prices will remain low for some time and with...
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
News
Retail fuel market to face competition watchdog price probe
The UK competition watchdog has stepped in to investigate record high prices and local price disparity at pumps in response to a government request. As forecourt prices continue to soar,...
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
US oil price falls below zero for the first time in history
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and...
News
Market intelligence – FREE trial offer
...Today it offers a broad range of oil and foreign exchange prices, news and analysis via a plethora of innovative systems. Fuel Oil News readers are now invited to experience...
News
Could heating oil prices be frozen?
...rising demand for refined oil products. Indeed, the same report pointed out that the UK depends on imports for 44% of its heating oil requirements. A fact that vividly illustrates...