Certainty and direction
As another New Year dawns, whilst
OPEC may still be feeling positive about
the outcome of its strategy to mitigate
a 1.3 million barrel per day oversupply,
other organisations and businesses in
the UK & Ireland are feeling unsettled
by recent issues around Brexit.
In late November the Freight
Transport Association urged all MPs
to vote in favour of ratification of the
Withdrawal Agreement as did INEOS
chairman Sir Jim Ratcliffe who said:
“A Brexit deal that moves us closer
to an open European market has my full
support.”
With warnings of dire
consequences ringing in our ears, a
mood of uncertainty over the direction
in which to take anything is to be
expected.
Uncertainty about future trading
relationships, saw Nigel Base, SMMT
commercial vehicle manager reporting
recently that
‘a third of
automotive
businesses have
postponed or cancelled UK investment
decisions,’ with many fearing that a no
deal Brexit would threaten their future
viability.
Meanwhile in the fuel oil
distribution business, it was reassuring
to know that a fuel distributor, recently
listed among the 1000 companies to
inspire Britain, had made an acquisition,
and that another fuel distributor was
actively making strategic investments in
the UK – see page 4.
There is an advantage when
delivering a commodity that is of vital
importance to people, organisations and
businesses; and that is the need to carry
on regardless of issues in government or
elsewhere.
Holding the 17th position with
36 tankers in last year’s top 20 UK
mainland fuel oil distributors, one
expects Oil NRG to move up the list
following its recent acquisition of
Conquest NRG.
And on that note, Fuel Oil News
would like to wish all readers an onwards
and upwards trajectory in 2019!
As part of a three-year cycle of investment in the UK, Watson Fuels
has opened a new customer contact centre in Norwich – see page 4.
Contact us
01565 653283
www.fueloilnews.co.uk
News desk / Editor
Jane Raphael
[email protected]
New office; new business; working in partnership;
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8 2018 PRICES AND MARGINS
11 PORTLAND MARKET REPORT
The First World War and a major energy transition
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K9 Fuels
15 INSIDE OUT
Is the world serious about meeting its climate targets?
17 IRISH NEWS
Delivering solutions for Ireland and mapping out the
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The innovators - managing people; automatic
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logistics digitisation and optimisation sofware; remote
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22 PRICING PAGE
Irish News
Aine Faherty
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Volume 42 No 1
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