News
UK refining – hunting for answers
The UK had 18 refineries, it now has 8. Fuel Oil News recently put a series of questions about the state of the country’s refining industry to Chris Hunt, director...
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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...
News
Crown Oil completes acquisition of Star Oil
North West-based Crown Oil has strengthened its brand in the North West after acquiring an £18m-turnover oil supplier. The Greater Manchester company, part of the £420m-turnover Crown Oil family of...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
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...
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...
News
Controversial oil terminal redevelopment plans approved
...LCC Group, bought the terminal from AES Power in a multi-million pound deal in 2017. Operational since 1979, the terminal was constructed to facilitate distribution of heavy fuel oil to...
Knowledge
Safeguard the future with effective succession planning
...Fuel Oil News articles, part of the industry charm is that many oil distributors are family-owned and run. These businesses have been nurtured over the years through generations and have...
Opinion
USA turn from fossil fuel ‘more direct, more fierce and quicker’ than expected
Since his inauguration, the new American President, Joe Biden, has wasted no time in initiating the shift away from coal, oil and natural gas – once the bedrock of US...
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
In conversation with Prema Energy
...to the Carbon Reduction Commitment scheme. Biofuel oils made from tall oil pitch and later rapeseed oil distillation residue were developed to replace residual fuel oil in these plants at...
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...
Opinion
Ken’s Corner: A week is a long time…
...heated by oil. How Ireland is heated Source: Census 2022 A significantly higher proportion of oil heated homes are in rural areas compared to all homes in Ireland. 28% of...
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...