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News

Portland Market Report – oil prices

...attractively low oil prices. The two biggest strategic buyers of oil in the world are the oil reserve companies of the USA and China respectively, both of whom are currently...

News

September 14 update

...with another financial crisis and oil prices could plummet to below $50 per barrel. It has happened in the very recent past – in 1999 oil prices were $15 per...
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Opinion

Free oil? Not today …

...oil prices” in the media, are prices for delivered futures contracts in the USA, they are not prices for physical oil, certainly not in the UK. The people who sold...

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In Conversation with The Oil Lady

Interview

In Conversation with The Oil Lady

The Oil Lady is a fuel distribution business based in little Yeldham, Essex. It was founded in 2015, by Sheila Considine. Claudia Weeks, Content Lead for Fuel Oil News, spoke...
OPEC+ agrees to continue with current output targets, despite market uncertainty

Insight

What price oil? 2023 In review

...not seen since the 1980s, oil prices fell during Q1 and Q2. The weakening of global oil markets led the OPEC+ cartel to cut production by 2 million barrels per...
Peak Oil, a family operated distribution business covering Derbyshire, South Yorkshire, and Nottinghamshire and formed in 1972 by Tom Pearson, has just celebrated its 50th anniversary in business.

Interview

Celebrating 50 golden years of Peak Oil

...Peak Oil Tom Pearson founded Peak Oil as a business from his home address in Dronfield, back in 1972 and explains how it all began: “I started Tom Pearson Oils...

News

Cyberattack effect on oil prices

...vulnerabilities within US infrastructure. Why do oil prices vary? Oil prices vary from day to day, but when an unexpected event occurs that causes disruption in the supply chain, drastic...
A new approach born from a deep understanding of fuel distribution

Interview

Value Oils: leader in online fuel distribution

...at competitive market prices. “Now trading under the registered brand name ‘ValueOils.com’, the company runs a successful, independent online home heating oil price comparison website across the whole UK. The...

News

Crude oil trend boosts heating oil prices

...prices. “Prices have soared due to recent world events – the weakened pound Sterling following the UK referendum result; and speculation that many major oil producers, in particular Russia, were...