Analysis
What price oil? Q1 2025 in review
In association with The Oil Market Journal Following your feedback on the value you place on our annual price review each January, we will now be reviewing the movements of,...
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Insight
What price oil? 2022 in review
Ian Moore, founder and managing director of The Oil Market Journal, takes us through the year, highlighting the main impacts affecting the oil price in 2022. Contained within this article...
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
UK and allies announce price cap of $60 on Russian Oil
...secure affordable oil. A General Licence will be published shortly that will provide an Oil Price Cap exception for third countries, so that firms supplying oil to them are able...
Insight
Marine bunkering – fuel for a vital activity
...oil/ light fuel oil, with maximum density which can range between 0.890 and 0.920 kg/m3 at 15 degrees C Marine gas oil – meets the inland heating oil specification i.e....
Opinion
New UK oil essential for low carbon future
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK). Katy shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
News
Biofuels – an uncertain future
...energy consumption. The company, which is continually developing closer links with feedstock and biofuel suppliers, does not currently use any palm oil products in the manufacture of its biodiesel. Additionally,...
Market Report
Disrupting the sector: the new Nigerian super-refinery
...oil producer in Africa (15th in the world), but it also has the 10th largest oil reserves on the planet. At the same time however, those same casual observers would...
Insight
The Humber refinery – a key indigenous source of supply
...and distribution Petrol @ 32% Diesel/Gasoil @ 44% Kerosene/ Jet A-1 @ 8% Petroleum coke @ 6% Fuel oil @ 4% Petrochemical feed stocks @ 4% LPG @ 2% (Source:...
News
Risk reduction for domestic customers
...continue buying their kerosene through Oil Price Protect,” said Chris. “Prior to Oil Price Protect, like most other distributors, we did offer different ways to pay including direct debit. Customers...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
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...
Insight
What future for heating oil?
...Energy Trends: Oil & oil products, Supply & use of petroleum products. So, it appears that the market has moved from the range of 2.2-2.5 million tonnes/year (2.7 to 3.0...
Interview
BoilerJuice: revolutionising operations
BoilerJuice is one of the leading heating oil marketplace websites in the UK. Established in 2004, the company delivers millions of litres of heating oil to thousands of customers every...
Insight
What price oil? 2023 In review
In association with The Oil Market Journal Pictured below and included in the January issue of Fuel Oil News is a graph that shows the price of ultra-low sulfur diesel...
Insight
No easy decisions at Whitegate
...support the country’s oil needs is Whitegate. Oil refining on the island of Ireland Originally commissioned in 1959, Whitegate has a distillation capacity of 71,000 bpd. One third of output...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
Market Report
Elections and energy policy: a powerful combination
...and for the last 5 years, the national oil company (PEMEX) has been used as a vehicle for both economic state building and poverty alleviation. New domestic oil exploration licenses...