Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
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Market Report
The meteoric rise and sudden demise of State Oil
...Oil – the owners of Prax Petroleum, the Lindsey Oil Refinery and various North Sea exploration assets – had gone into Administration. Not too much information is yet available around...
News
Distributor Diaries March 2025 – the latest updates from our distributor community
Oilfast: Proud to continue special partnership Having offered an incredible opportunity to local singers and songwriters, Oilfast, the independent fuel supplier, based in Motherwell, Scotland, has decided to extend its...
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...
Market Report
A special Christmas market report from Portland
...for black gold there and then. Lauren Laverne Really. Did you find oil in the garden? Gaz Oil No. Course not. Lauren Laverne Oh. What was the song then? Gaz...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
Case Study
QMRE: Transforming plastic waste into sustainable solutions
...most pressing environmental problems facing society today – how to deal with the millions of tonnes of plastic waste created every year. Margaret Major, Publishing Director for Fuel Oil News,...
Interview
Compass Fuel Oils: a new depot facilitates further growth
Compass Fuel Oils is a fuel distribution business based in Penwortham, Lancashire. Formed in 2009, Compass Fuel is an independent, nationwide fuel oil supplier who is proud to announce that...
News
Oil – cheapest home heating fuel by far
...start of 2016, the average annual cost of heating a home on oil has fallen again. According to the latest quarterly data from the Sutherland Tables oil remains by far...
Case Study
Manx Petroleum chooses Touchstar’s Fuelstar software to future proof operations
...and further enhance existing business practices. A thorough evaluation of the Fuelstar software, along with Touchstar’s integration & support capabilities, convinced the team that the Manchester-based organisation was the natural...
Interview
Darch Oil tanker driver Chris Eke on life on the road
Darch Oil, the Somerset-based distributor, has been supplying a friendly, reliable, and efficient service to its customers for over 30 years. Now part of NWF Fuels, Darch Oil continues to...
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)...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...announced their merger. Both FPO and OMJ provide intraday and settlement oil price information to UK and Irish oil distributors, service stations and other large volume oil buyers. Basil Shourou...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
According to the majority (53%) of respondents to Bloomberg Intelligence’s February oil-price survey, Brent oil is expected to be above $80 a barrel at the end of 2024 – the...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
News
UK refining – hunting for answers
...of our refining and downstream oil industry published in November 2011, Brian Worrall, then UKPIA president, said: “Given the right policy environment, the UK refining and downstream oil sector can...
Insight
A look at the shape of the future UK downstream oil sector landscape
We are living through a time that has heralded much change and, before considering the future evolution and shape of the UK downstream oil sector, we will remind ourselves of...
Market Report
Prices and predictions – what does 2025 have in store?
It’s the start of another year and, as is now tradition, this report will focus on the last 12 months and how oil markets have progressed in that period. We...