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...
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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...
News
Agreement will see UK oil production facility powered by wind
...to create one of the UK’s first oil and gas facilities powered mainly by offshore wind. The deal will deliver the UK’s first Floating Offshore Wind unit manufacturing and assembly...
Interview
Ferguson Fuels: family-run, with customers at its heart
...was met by an increase in the need for oil from our customers to fuel their home heating,” he shares. Initially supplying the North West, the demand for heating oil...
News
Oilfast expands South West Scotland network with new Dumfries depot
...oil. The new depot is the latest step in Oilfast’s ongoing investment in regional infrastructure and supply capability. With the newDumfries facility now operational, Oilfast is positioned to deliver improved...
Case Study
How Lambe Oil enhanced operations through effective supplier partnerships
Lambe Oil, based in Tullamore, Co Offaly, Ireland, has long been a trusted distributor for Top Oil. Operating a fleet of seven trucks – six of which are now equipped...
News
Oilfast extends exciting partnership to support more dreams
...from low-income backgrounds to participate, Oilfast launched the Oilfast Trust Fund to offer two scholarships. The Oilfast Trust Fund: A commitment to equal opportunity James Hughes, Business Development Manager for...
Insight
The Humber refinery – a key indigenous source of supply
...to seek new sources of crude oil elsewhere. By the end of that decade a consortium, in which Continental Oil was involved, had discovered substantial reserves in Libya. To take...
News
Distributor diaries – latest updates from our fuel distributor community
...greener energy solutions.” Full story here. East Cork Oil abandons acquisition plans One of Ireland’s largest distributors, East Cork Oil, is not proceeding with its planned acquisition of Kerry- based...
Insight
The case for a UK CSO agency
...Downstream Oil Reporting System and for importers in the Oil Stocking System. Additional provisions introduced in 2012 require that for motor spirit, diesel/gasoil and jet kerosene at least 22.5 days...
News
OSS (Hydrodec UK) buys Eco-Oil business
...OSS and Eco-Oil collect and recycle waste oil and workshop hazardous waste together with fuel oil sales. Under the new arrangement both companies will in the short term continue to...
News
Oil heating cheaper than mains gas
Jeremy Hawksley – welcome news for the industry and the 1.5 million UK households who use oil for heating Oil is now the cheapest of all the major heating fuels,...
Opinion
The Distributor Debate
...locations. Currently, oil is the most economical solution for off-gas properties. However, oil could face serious competition from technologies such as wood pellet boilers, and air source heat pumps. How...
News
Oil Care Campaign prepares to celebrate 20 years
...safe disposal and management of oil. A network of oil banks which accept used engine oil for recycling has been established in England, Wales, Scotland and Northern Ireland. Organisers of...
News
Changes to oil regulations in Scotland
Are you compliant with the new changes made to Scotland’s oil regulations? The Scottish Environment Protection Agency (SEPA) has contacted Fuel Oil News for assistance in drawing attention to the...
News
Kerosene – community buying
...One tanker delivering to a small, close-knit community is a sensible option for both parties. When groups start to spread county-wide, deliveries are scattered and the members want the oil...
Opinion
MPs urged to back affordable green heating campaign for oil heated homes
...oil heating. Under its current plans, Labour is focused on encouraging households to switch to heat pumps. However, there are growing concerns that the challenges rural homes reliant on oil...
Analysis
Mabanaft – majoring in innovative independence
...storage depots? “Oil majors moving their activities and operations back to more core areas of their business is understandable. Refineries are costly to run, and with the volatility in oil...