News
BP Oil Spill Estimates Double
The amount of oil spewing into the Gulf of Mexico from the beleaguered BP off shore oil drill is much worse than earlier estimations suggested. According to scientists, it is estimated that as much as 40,000 barrels a day could have ... more >>
Warm Home Scheme
The Warm Home Scheme provides assistance to owner-occupiers and private tenants in receipt of a qualifying benefit. It offers a host of insulation and heating measures to improve energy efficiency which can help to save money on heating bil... more >>
Oil Crunch in Five Years
Business leaders have warned that a potential ‘Oil Crunch’ will strike by 2015 and push up the price of oil. According to Sir Richard Branson, a member of the UK Industry Taskforce on Peak Oil and Energy, ‘peak oil&r... more >>
Oil Prices Predicted to Trade Between $60-$80
Oil prices are expected to trade between $60 and $80 a barrel in the coming months according to Peter Voser, the Chief Executive of Royal Dutch Shell. In an interview that he gave to Reuters, he said, “2010 will be a tight year ... more >>
Oil Prices Rebound
After falling nearly $10 over nine consecutive sessions of trading to just below $69.53 on Monday 14 December 2009, oil prices have shown signs of recovery to settle at $72 a barrel. According to the Energy Information Administration (EIA... more >>
Oil Gauge Winner
Oil Gauge Winner! Mrs Pauline Rankin from Finaghy is the lucky winner of Ian Martin Fuels recent competition to win an oil gauge. By buying oil online during the month of September her name was entered into a draw to win an A... more >>
Oil Discovery
BP, the biggest oil producer in the United States, has discovered new reserves of oil in the Gulf of Mexico. It is estimated that the new field could yield more than a billion barrels of oil. A BP spokesman said, "This is an explorato... more >>
Winter Warmers!
Winter Warmers! In preparation for the winter months ahead get your boiler serviced and fit an oil gauge to your tank. Boiler Servicing Regular servicing will improve the efficiency of your boiler. Therefore, you will use le... more >>
Oil Prices Fall
Oil prices have slumped to a seven-week low. Today, 9 July 2009, Brent crude oil was traded on the stock market for $60.59 a barrel, the lowest it has been for seven weeks. The yo-yoing price of oil on the stock market can... more >>
Home Heating Oil Halved
The cost of home heating oil has halved compared to this time last year. In May 2008, 900 litres of oil was £543 and 500 litres was £310. In May 2009, the average price for 900 litres in Northern Ireland currently st... more >>
Oil Prices Creeping Up
Oil prices have been steadily creeping upwards over the past few weeks. On 27 April 2009, a barrel of oil was trading on the London stock market at $49.40. Today, 8 May 2009, it stands at $57.50. Oil prices have risen from lows of a... more >>
BP Profits Plummet
BP, one of the world’s largest energy companies, has seen its profits drop by 62% in the first quarter of 2009. Compared to the same time last year, the company has announced that profits have dropped from $6.23bn in 2008 to $2.... more >>
Oil Express Comes to Town!
Ian Martin Fuels, the local home heating oil distributor, has taken delivery of a new lorry. The smartly painted turquoise and gold oil tanker can now be seen driving around the Lisburn area delivering home heating fuel to custo... more >>
Oil Prices Slashed!
17 October 2008 The cost of home heating oil has plummeted. In July 2008 when the price of crude oil was trading on the stock market at $146 a barrel, today (17 October 2008) it has dropped to below $70 a barrel. According to I... more >>
Hot tips to save money and energy!
Here are some hot tips on how you can not only save money on your home heating bills but also reduce your carbon footprint by conserving energy: Turn your thermostat down. By turning your thermostat down by just one degree, you will ... more >>