Opinion
Free oil? Not today …
...unlikely to have sold any physical oil at negative prices. The oil industry is already absorbing much of the short-term price shock by putting oil into storage, both on land...
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Insight
The changing world of the oil trader
...Total, etc. These vertically integrated international oil companies (IOCs) have been joined by state owned concerns, or national oil companies ( NOCd )- names such as Aramco, Kuwait Petroleum, IPC,...
Insight
The downstream oil market landscape of Ireland in the 2020s
...Oil. In 2018, Irving Oil acquired large independent, Tedcastle Oil Products (TOP), providing it with a distribution terminal in Dublin as well as a substantially expanded market reach. The refinery...
News
February 2016 update
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...
Interview
Value Oils: leader in online fuel distribution
...Oils? “There are many benefits for suppliers selling oil through our website, including: • They are in complete control of the pricing and delivery windows they offer and can easily...
Analysis
Energy Resilience – Is the UK facing a crisis?
...had 6 operating oil refineries, all under all or part foreign ownership, other than the Prax Group owned Lindsey Oil refinery based on Humberside. As of today, only five remain,...
News
Vintage year of success for Millers Oils
...power increases up to 5.6 percent, and when the nanotechnology oil was tested against a competitor’s oil, Nanodrive recorded 33% lower friction. Application of the technology to road car oils...
Insight
Refining operations
...that the refinery can handle 45 different types of crude oil – although given its geographical proximity, the plant typically runs between 85% – 95% of North Sea sourced feed...
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,...
News
Clever chemistry fuels business
...forward Having set out to develop a ‘robust and flexible business model around low grade waste vegetable oils’, RGM Fuels (see page 6 Fuel Oil News July) is now in...
Analysis
Prax – a fast track wholesaler
...of automotive and industrial fuels in the UK Prax is owned by The State Oil Group which operates 22 service stations and employs over 100 staff in the Midlands and...
Market Report
Volatile grounds: How geopolitical crises shape oil price fluctuations
...per barrel. It was at this point though, that the big hedge-funds re-entered the market and bought swathes of oil futures. This obviously supported the oil price against further falls...
Insight
Downstream Norway: Leading the way in decarbonisation
...cover these requirements, leaving a modest surplus across all grades. Stockholding obligations Norway imposes emergency stockholding obligations on oil importers and oil producers who imported quantities of oil equal to,...
News
Getting warmer in the community
...tenants. In return CBL has developed a community oil fund that purchases oil on behalf of Cottsway’s tenants. The smart meters inform CBL of oil used, with tenants able to...
Interview
Green Fuels: fighting climate change with sewage sludge
...all using the same feed sources, so they are competing which is driving prices up. Basically, used cooking oil in the UK is being fully utilised so any increase in...
News
New partnership for SAF developer Firefly Green Fuels strengthens global feedstock access
...enhances Firefly’s access to sustainable feedstock for biofuels production while expanding its footprint into the growing Brazilian and Latin American markets. Through this new collaboration, Firefly Green Fuels and Sanepar...
News
World first ‘waste to biofuels’ plant progresses to FEED stage
...to advanced biofuel plants in the UK, has announced that its first project has progressed into the front-end engineering design (FEED) phase. Leading the way in future fuels The result...
Interview
Preparing for oil off Ireland
...the oil industry producing talented individuals who are specifically trained to further strengthen the oil industry. Worldwide it can be hard to attract people to oil and gas exploration. With...