Making an unprecedented effort
Expressing the volatile nature of the oil
industry, September’s drone attacks on
Saudi Arabian facilities saw the oil price
have its ‘biggest one-day rise since the
1991 Gulf War’ followed by news the
next day that prices had been ‘pushed
back down’ with the announcement
that Saudi Arabia expected to restore
full production soon.
Well-known for its resilience in the
face of adversity, the oil world has often
proven itself to be a well-oiled machine
that quickly resolves issues to ensure the
world’s wheels continue to turn and fuel
the economy.
The battles oil now faces – such as
climate change – the defining issue of
our time – are very different to those
of the past when the industry stepped
on the gas and produced oil to keep up
with world demand. Now that world
is changing, the emphasis is firmly on
reducing oil’s
flow, something
that in the
words of the UN
secretary-general António Guterres ‘will
require an unprecedented effort from all
sectors of society’.
By the time you are reading this
editorial, the UN secretary-general
will have had time to ponder on ‘the
concrete, realistic plans’ of the leaders
who attended last month’s Climate
Action Summit in New York, as to
how countries are planning to reduce
greenhouse gas emissions by 45% over
the next decade, and reach net zero
emissions by 2050.
Taking place ahead of last month’s
United Nations Climate Action Summit,
the Peoples’ Summit on Climate,
Rights and Human Survival called for
governments and companies to be held
accountable for the phasing out of fossil
fuels.
On Friday 20th September the
global climate strike saw a steadily
increasing number of people take action
across the UK and beyond, rallying in
cities and towns for faster action from
our governments and industries.
Ruggedised hand and hearing protection, like the Honeywell
designed ones shown on this month’s front cover, are a requirement
at noisy locations such as this power station, where massive pipes
collect and transport steam under high pressure. See page 16.
The independent voice for the fuel distribution, storage
and marketing industry in the UK and Ireland.
4-5, 7-9 NEWS
UKIFDA and a no deal Brexit; Building new relationships
with government; People Moves; Geos Group opportunity;
Shipping key to the economy; Heritage Mustang; Hybrid
HGVs and greener fleets; using virtual reality in the oil and
gas industry
11 PORTLAND MARKET REPORT
‘the astonishing growth of renewables – could genuinely
be viewed as a 21st century industrial revolution’
13 Q&A WITH UKIFDA
CEO Guy Pulham in conversation
15 IRISH NEWS
Motoring on at Murphy Oils
16 KNOWLEDGE
Honeywell Industrial Safety
17-18 INSIDE OUT
Belgium’s downstream oil sector
19, 21 TRADE & TECHNICAL
Taking contol – products & services for an easier life –
managing fuel quality, deliveries, ordering and using
trigger contracts
22 PRICING PAGE
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Volume 42 No 10
ISSN 1757-1057
Fuel Oil News | October 2019 3