Welcome to Nolan Oils

HM Treasury Statement: Fuel Duty Increase Postponed

The Chancellor of the Exchequer, Alistair Darling MP, today (15 July) announced that he is postponing the 2 pence per litre increase in fuel duty that was expected to take place on 1 October 2008.

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Greenspan Says Oil to Keep Rising

Former Federal Reserve Chairman Alan Greenspan said oil prices will keep rising...

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Budget Statement 2008

Key facts from the 2008 Budget Statement made on 12 March 2008.
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FUEL FOR PRIVATE PLEASURE CRAFT - CONSULTATION

At the end of July, the Government issued a consultation document on its proposals to legislate for the ending of the EU derogation that allows private pleasure craft to operate on rebated fuel...
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Heating Oil Thefts - Stay Alert!

We are seeing more reports of theft from oil tanks every day - heating oil users are growing more and more fearful of thieves who siphon oil from tanks and sell it on at a discounted price.  We've come up with some hints to help our users protect themselves against oil theft.
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News / Announcements

OIL PRICES

ROTTERDAM
Oil prices are posting gains this morning following news that Tropical Storm Dolly has formed in the US Gulf of Mexico and is projected to move through the key oil region in the US Gulf of Mexico and reach Texas on Wednesday evening. Oil traders are following the progress of the storm to see if it will strengthen into a hurricane although as yet oil companies have no plans to evacuate oil workers. Traders are also digesting news from the Iranian nuclear talks which were held in Geneva over the weekend. The talks ended in stalemate with the EU saying that Iran has two weeks to rein in its nuclear program or face further sanctions. Analysts report that the oil price graphs remain bearish with Rotterdam kero / diesels all below the 55 day moving average for the first time since February and the momentum indicator pointing down.
Source: Oil market Journal. 21/7/08

LONDON
Prices are posting modest gains with Brent Crude finding some support. There is strong support for the London Gas Oil Future.
Source: Oil market Journal. 21/7/08

NEW YORK
Prices are posting gains. The CTFC report published on Friday night showed that hedge funds remain sellers of oil.
Source: Oil market Journal. 21/7/08


HM Treasury Statement: Fuel Duty Increase Postponed
The Chancellor of the Exchequer, Alistair Darling MP, today announced that he is postponing the 2 pence per litre increase in fuel duty...

» More details...


HEATING OIL THEFTS: Police have issued warnings following a pattern of heating oil thefts ...

» More details...


OIL PRICE FACTORS: In the old days, the oil price was a relatively simple matter of cost curves, supply and demand. These days, fear is just as likely to set the price as fundamentals.
Click here for full article . . .


Greenspan Says Oil to Keep Rising

Former Federal Reserve Chairman Alan Greenspan said oil prices will keep rising...

» More details...


Crude Oil Price

Increased volatility in financial markets, ongoing geopolitical tensions and now financial and monetary uncertainties make it more difficult than usual to forecast oil prices. We anticipate...

» Download full report by the RBS (PDF format)


Heating Oil Cost Effectiveness 

Oil remains the most cost-effective for those without access to the mains gas network.

Click: Oil for Heating

Source: OFTEC

Click: More about heating oil economics for consumers.

Click: A note about Calor Gas "Selective Comparison"

Source: Sheila Hancock of the Federation Of Petroleum Suppliers


How are fuel prices set?

"There are four primary factors that are taken into account when setting the prices; crude costs, refinery costs, taxes and return on capital investment."

What might cause a price increase?

One of the reasons crude prices might rise is because the tensions in the Middle East continue to increase along with concerns about potential interruptions to supply of crude oil in South America and East Africa.  Natural disasters and political influences also have an affect.

However the price is also influenced by rapid global economy recovery and the expansion and emergence of burgeoning economies such as China, which increased its crude imports by 35% last year on the previous year.

Increased demand obviously impacts on price and market speculation on future high prices can greatly exaggerate the price increases.

Taxes are also a factor.  in the UK tax is 70% of the price whereas in the US it is only 23%.


The Nolan family have been serving the needs of fuel oil consumers in the South Midlands for over 30 years.

We specialise in delivering Kerosene, Gas Oil and Diesel to domestic, commercial and agricultural properties in the Oxfordshire, Northamptonshire and Buckinghamshire areas.

Click here to SEE OUR DELIVERY AREA

Prompt delivery service . . .
Nolan Oils
operate a 2/3 day delivery service. However, should you run out of oil we can offer next day delivery for our regular customers or same day if you call before 12 noon.  Excluding weekends and subject to stock availability, upon request.

Very competitive prices . . .
Nolan Oils
carefully monitors the price of oil and as an independent supplier, we are able to offer the most competitive prices available.

Flexible Payment Plans . . .
We offer various payment terms to suit your requirements.

Orders can be made on-line or left on our answering machine at any time.
 

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 © 2000-2008 Nolan Fuel Oils Ltd
Lodge Farm Oil Depot, Bucknell Road, Middleton Stoney, Bicester, Oxon, OX25 4TA
Tel: (01869) 343477 | Fax: (01869) 343499  e-mail: Nolan Oils info@nolanoils.co.uk