Brent crude prices reached a three-month high on Friday, peaking above $42.80/bbl after Iraq and Kazakhstan committed to additional production cuts at Thursday’s virtual OPEC+ meeting, in order to offset non-compliance with output reduction during May.
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Coronavirus Updates
CALL OUR OFFICE FOR CONTACTLESS YARD SALES PLEASE CONTACT US ON 01869 342111 24 March 2020: Nolan Oils and Sodbury Fuels also known as Nolan Group, recognises that we are operating in an unprecedented situation. In the light of Covid-19 …
Read MoreTotal suspends operations at refineries in France and Germany
Oil major Total has suspended operations at its refineries in France and Germany in response to the coronavirus outbreak, also putting maintenance on hold at its refinery in Feyzin.
Read MoreFury over chancellor’s plans to scrap red diesel duty rate
Farmers have reacted with fury and astonishment to fresh reports that the chancellor is considering scrapping the lower rate of fuel duty on red diesel. Rishi Sunak is reportedly planning to end the 11.1p/litre duty rate and charge users the …
Read MoreRed diesel: The problems uncovered
Last autumn, reports of blocked fuel filters came flooding in from parts of the UK, with the finger being pointed at the increasing content of biodiesel being blended into red diesel. The rise has been driven by a legal requirement …
Read MoreThings Made From Oil
Oil-fired heating – time to back the most cost-effective option
Oil-fired heating – time to back the most cost-effective option Offering the best decarbonisation solution for oil heated homes, OFTEC says it’s time for government to back low carbon liquid fuels as the most practical, cost-effective solution. OFTEC’s recently released ‘Industrial Strategy for decarbonising oil heated homes’ underlines the …
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16th December 2019 Sterling soared to 1.3508 against the USD on Friday following the result of the General Election which delivered a Conservative majority of seventy-eight. The US Fed, meanwhile, stuck to its current interest rate. Brent peaked last week …
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Top Ten Road Racers Of 2019: No.1 Peter Hickman
Road Racing News lead road racer of 2019 award goes to, drum roll, TT Races lap record holder Peter Hickman. Already established for many as the world’s leading International Road Racer, the 2019 season has seen the laid back, calm, …
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