Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
...oil and natural gas prices are racing towards each other at a rapid pace. “Natural gas prices have been much higher than oil prices since late July 2021. This has...
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News
Research predicts oil price drop will continue
...drop in oil prices comes at a time when gas and electricity prices are continuing to rise, evidenced by the latest Sutherland Tables data. These figures show the average annual...
Interview
In Conversation with The Oil Lady
The Oil Lady is a fuel distribution business based in little Yeldham, Essex. It was founded in 2015, by Sheila Considine. Claudia Weeks, Content Lead for Fuel Oil News, spoke...
Analysis
25% increase in annual fuel prices drives fleet costs up by millions
...of almost £12 million!) Top 10 Most Expensive Regions – Diesel Prices as of Right Fuel Card study October 2022 Top 10 Cheapest Regions – Diesel Prices as of Right...
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...
Interview
Celebrating 50 golden years of Peak Oil
...Peak Oil Tom Pearson founded Peak Oil as a business from his home address in Dronfield, back in 1972 and explains how it all began: “I started Tom Pearson Oils...
Opinion
The Distributor Debate
...issues that concern every distributor every day, prices, supply, refining, logistics – Question Robin Lloyd, Mabanaft’s operations and biofuels manager on the gas oil changes in 2013 -With increasing pressure...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
News
Cheaper heating bills for oil households
...expensive than oil at £1,190 per annum. According to a new report from DECC published last month, the downward trend in oil prices is set to continue over the next...
News
Off grid homeowners benefit from low prices
UKIFDA says off grid homeowners across Great Britain are seeing prices of heating oil drop by up to 27% since the same time last year, according to the latest figures...
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...
News
Heating oil theft falls
...influenced by the sustained fall in heating oil prices we have seen over recent times, meaning oil is not the expensive commodity it once was.” “The report findings also suggest...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
Market Report
Portland Market Report – A spectacular own goal or a pivotal act of unknown agents?
...prices hit $40 per MMBtu (Metric Million British Thermal Units) – the oil equivalent of around $675 per barrel – and by the summer of 2022, gas was trading at...
News
OFT boosts transparency on heating oil prices
Following OFT action, GB Oils, the largest supplier of heating oil in the country, has changed its domestic heating oil contracts ensuring quoted prices do not increase from the time...
News
OMJ expands product range
The Oil Market Journal has greatly expanded its product offering to help clients to future proof their business for the low carbon economy. In addition to providing oil prices, OMJ...
News
Fuel poverty could affect an extra 300,000 households this winter
...that energy prices rose by 7% in 2012, with the average energy bill at £1247. In the case of oil, at the start of December average prices are virtually unchanged...
Opinion
OMJ anticipates oil market movements
Amidst a global lockdown resulting in less and less demand for oil, the oil market has been in turmoil. Ian Moore, director of the Oil Market Journal (OMJ) shares his...