Tag Archives: covid

VAT deal secures Stanlow refinery production

Essar tanker set to meet customer demands after VAT deal secures Stanlow production

A lifeline, in the form of a phased tax payment deal, has been thrown to Essar Oil UK allowing it to keep producing as the UK struggles with supplies at fuel stations after a panic-driven buying frenzy. Essar Oil UK, Read more »

Fuel crisis proves that supply trust is vital

Fuel shortages emphasise how supply trust is vital comments Bayes on current delivery crisis

Panic-buying fuel in large quantities will only cause further disruption to supply chains and production inefficiencies, say experts at Bayes Business School (formerly Cass), commenting on the current chronic shortages of fuel at the pumps amidst panic buying and delivery Read more »

Success despite oil demand & price slump

Rory Clarke Rix Group financial results statement

Leading Hull family business J.R. Rix & Sons Ltd has reported a successful trading year during 2020 despite ‘challenging and uncertain times’ brought about by the global Covid-19 pandemic. A slump in demand for petroleum products during lockdown, as well Read more »

Driver shortages see service stations running out of fuel

Having recently reported the concerns of industry trade bodies Logistics UK and the CBA regarding driver shortages (here) and the potential impacts on supply chains (here) it is reported that the issue has contributed to the temporary closure of several petrol Read more »

Oil price rises over $70 a barrel

This month once again saw the price of Brent crude hit $70 a barrel – it’s highest level in two months. Having first recovered to pre-pandemic levels in February of this year after slumping below $20 a barrel last April Read more »

Don’t let Covid derail decarbonisation

Responding to the 2021 Budget, OFTEC chief executive Paul Rose said: “The Chancellor didn’t hold back in outlining the financial toll the Covid-19 pandemic has taken on the UK economy, so it’s perhaps not surprising there were very few new Read more »