Insight
A critical role for Stanlow
...the 1970s Stanlow was the flagship refinery in a network of five plants serving the country’s oil product requirements. By the start of the new millennium, subsequent rationalisation had resulted...
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Interview
Oil clubs, drums, kero pumps and NIOF distributors
...contamination from drips/spillages as it’s poured into the household tank. “Small oil drums are for emergency use only. They should provide a small amount of oil – often in an...
News
Community Buying – The organisers’ view…
...customers to purchase their oil before December to try and avoid paying an inflated price.” Keith Weller, co-ordinator of the Worcestershire-based Bayton Oil Syndicate agrees: “I get people to buy...
News
Bungalow destroyed by tank fire
...to installing and protecting oil tanks. As well as the human risk, an unprotected oil tank can cause substantial damage to property if set alight. Government statistics estimate the average...
News
An Iran Conflict special market briefing From the Oil Market Journal
...demand. It is calculated by taking the total amount of oil in storage and dividing by daily demand. Typically, oil traders use the weekly data for United States as a...
News
A good infrastructure?
...Climate Change (DECC), three separate reports on the subject have been undertaken by WoodMackenzie, Deloitte, and Purvin & Gertz. v UKdownstream oil infrastructure v Downstream oil – short term resilience and...
News
Heating oil theft falls
OFTEC registered technicians can assist your customers with advice on the necessary precautions to protect their oil heating assets OFTEC has welcomed research which reveals that heating oil is no...
News
Making light work of heavy oil
The V25 Test Rig at the Trondheim, SINTEF Research Institute Using environmentally friendly methods to process crude and dirty oils, Fluid Oil has commissioned its first heavy to light oil...
News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
Interview
Negotiating the swings and roundabouts of fuel distribution
...from Donall O’Connor, Value Oils in last month’s Fuel Oil News) Numerous consumers now keep a couple of drums and refill these at forecourt kerosene pumps for a minimal premium...
News
Dealing with price volatility
...oil trading centres in Londonand Rotterdamgives us a unique insight in to market thinking and oil intelligence.” wwwfuelpricesonline.com The WP Group has used the service for over 10 years. Managing...
Interview
Oil v gas
...likens the presence of gas to the new competition posed by the selling of home heating oil on forecourts. The Northern Ireland Oil Federation (NIOF) has little doubt that the...
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...
Market Report
When the tide won’t turn: Markets surging past the pull of policy
...the US economy. There would be a doubling down on oil, gas and coal production, whilst at the same time, renewables would be shunned. One year on then, how much...
Interview
Marsh Fuels: two significant milestones
...that oil arrived and would later become the firm’s main source of income. Fred Marsh also started the building of small industrial units, and the company became landlords too. Carrie...
Market Report
Prices and predictions: how are we faring?
...and whether the oil price predictions we made in January are on course to be correct. Let’s start with crude and the Brent price, which started the year at $76...
News
Distributor diaries September 24: updates from our distributor community
...looks forward to continuing its support of the charity going forward.” Oilfast – proudly celebrating a special partnership Oilfast, the independent fuel supplier based in Motherwell, Scotland, recently offered an...
Opinion
The billion barrel blow and why it may mean more pivoting in the fuel sector
...this has happened. April 20th, 2020, was the first day in history when oil recorded negative values. US oil benchmark West Texas Intermediate (WTI) fell from $17.85 at the start...