Interview
Mabanaft internship programme: delivering a talent pipeline
...as they enter the job market. “I am taking an international trade module in my final year, so the knowledge gained by talking with the trading team and working in...
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News
Fuel industry people moves – April 2025
...trading operations, and in his latest position he had responsibility for their commercial operations of renewable fuels globally. With his previous experience working across various areas of the industry, Blaid...
Insight
UK Downstream: the changing landscape
...the UK aviation fuel sector – Mabanaft, World Fuels and the world’s largest oil trading group, Vitol. Demand is not expected to recover to pre-covid levels until around 2024, and,...
Knowledge
Creating business value through a clear roadmap
...As a result of the relatively recent uptick in trading performance throughout the COVID period, there is no shortage of cash-rich businesses looking to achieve growth through key acquisitions. Happily,...
Knowledge
Cyber risks: Are fuel distributors vulnerable?
...advice. Pen Underwriting trading as OAMPS Hazardous Industries accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss which may...
News
Could heating oil prices be frozen?
...a price freeze. According to the 2011 Office of Fair Trading report into the off-grid energy market, over 90% of the fluctuation in the price of heating oil is based...
News
Essar Oil UK announces senior appointment
...having served as chief executive of Mabanaft (Germany) and Litasco (Switzerland), as well as spending 27 years with BP, including as group vice president of global oil supply & trading....
News
Murco confirms sale of Milford Haven refinery: 400 jobs saved
...future of this refinery, for its employees and the broader community.” The Klesch Group is a global industrial commodities business, with three divisions specialising in the production and trading of...
News
Backing a certainty
...compliance culture driven by our dedicated Safety F1rst and Doing the Right Thing (compliance) campaigns. And we have developed strong and proactive relationships with the OFT, Trading Standards, etc. “However,...
News
The distributor offer revisited
...highlighted in the off-grid energy study published by the Office of Fair Trading (OFT) in October 2011, which found that: _______________________________________________________________________ 79% of respondents were very/fairly satisfied with heating oil...
Interview
In Conversation with The Oil Lady
...went.” The importance of team “The 4th of July 2021, Independence Day, was our first official day of trading and doing deliveries ourselves. At the start we struggled for a...
Interview
Moorland Fuels:20 years and still growing strong!
...including tickets, orders, and invoices! After a year of trading, they were able to take on a full-time driver. Two years later, the first office staff joined, and the company...
News
The Prax Group acquisition, appointments and securitisation
The Prax Group, a leading independent oil refining, trading, storage, distribution and retail conglomerate dealing in petroleum products and bio-fuels, has announced that it has successfully completed the strategic acquisition...
News
Clarehill Plastics acquires Balmoral Tanks rotational moulding business
On 31st October Balmoral Tanks divested the manufacturing of its range of rotationally moulded oil, water, wastewater and rainwater harvesting products to Clarehill Plastics. Trading as Harlequin, Clarehill has acquired...
News
Petroplus administrators reveal scale of Coryton’s financial woes
...the Coryton refinery. The report provides creditors with a detailed description of progress that has been made in the six months since the appointment of the administrators. Trading losses from...
News
Lewis Tankers ahead of business plan
...years, business started poorly in 2012 due to unseasonal good weather, which affected volumes in fuel distribution, especially in Scotland. However, trading in other sectors has remained strong and the...
News
DCC acquisition provisionally cleared
...Office of Fair Trading (OFT) in April, and the final report is expected to be published by the CC by 18 September 2012. DCC bought the businesses in September 2011...
Insight
Compulsory oil stocking obligations: a UK update
...Oil Stocking System (importers). Although no longer in the EU, bilateral arrangements through the trading of stock tickets continue to be in place with a number of member countries, such...