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Category Archive Press

Tank Storage magazine, June / July 2020

Covid-19 and the Oil Markets

“I remember thinking that if I strung together in the English Channel, the VLCCs waiting to discharge their cargoes, I could easily build a bridge between France and the UK” recalls Charles Daly in his latest Tank Storage magazine article in the June / July issue.  He compares the current oil crises to the Yom Kippur war of 1973 when the subsequent quadrupling in the price of oil during the first quarter of 1974 resulted in a massive scramble for oil storage capability and a huge number of floating storage tanker charters. Read the full story here Tank Storage magazine June/July 2020



Fuel Oil News, May 2020

Free oil? Not today, says Mark Waddington in his featured article in the latest issue of Fuel Oil News which looks at the reality behind the fallen demand for oil and the collapse of global fuel prices.   Mark explains why there certainly won’t be negative prices in Europe or the UK any time soon. 
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Tank Storage magazine, May 2020

How does the current situation with Covid-19 compare to Yom Kippur war of 1973? Read Charles Daly’s analysis on the effects on the global storage market in the latest edition of Tank Storage magazine, here

Petroleum Economist, April 2020

Petroleum Economist’s fascinating report ‘Oil price promises more May madness’ in the latest online issue, quotes varying opinions from industry experts.  In the article on the question of managing oversupply, Charles Daly asks “where do we put it all … on ships, in tanks and then what?” Read the full article here I

Valve World magazine, April 2020

Alternatives for carbon reduction and the impact on traditional storage.

In the current edition of Valve World magazine, Charles Daly believes we need to think of the storage terminal as an asset to be exploited in the transition to a carbon-free environment.  He suggests a number of alternative options from installing photovoltaic cells on tank roofs to using tanks for electricity storage – in batteries or cryogenic storage tanks.  Read the full article here Valve World April 2020


Biofuels International magazine, April 2020

A Forward-Looking Retrospective


Tom Fox, a senior associate at Channoil, writes for April’s Biofuels International (online and print) publications giving an insight into the renewable energy agenda that ends on 31 December this year.  In the piece, Tom gives context to RED and how we got to our 2020 position, how RED II is intended to work and also looks at the potential judgement on RED II from a 2030 perspective.  Read Tom’s full article here Biofuels International magazine, April 2020



Tank Storage magazine, February/March 2020

The need for alternative energy solutions

In the latest issue of Tank Storage magazine, Charles Daly explores the need for power storage, alternatives for carbon reduction and how this might impact traditional storage installations.

“Climate change is no longer deniable,” he says. “Even if the industry is sceptical, the political climate is such that we must be seen to be moving to net zero.”  Read the full article here:

Charles is a guest speaker at the forthcoming StocExpo Conference in Rotterdam on 10-12 March.  Amongst other subjects, his presentation will discuss carbon tax credits, how oil terminals will need to change in order to stay in business in the non-hydrocarbon scenario,  and looking at the future: tracking the disappearance of the HFO, diesel and gasoline tankage & leaving behind chemical feedstocks (naphtha, ethane and propane and butane).


PE Outlook 2020

In association with White & Case, Petroleum Economist has produced its annual ‘PE Outlook 2020’ publication, which was launched at a seminar at White & Case’s City of London offices on 23 January.

Channoil was invited to contribute an article to the 2020 volume, a collection of analytical and prediction pieces written by industry experts on what’s next in 2020. The publication discusses geopolitical risks, supply demand and price, and the energy transition. In his opinion piece, ‘Refiners over a Barrel’, Mark Waddington asserts that the products market will be a very different place post-IMO 2020. Read the full article here: Petroleum Economist 2020 Outlook Channoil article

Biofuels International magazine, December 2019

In his article ‘Counting the Costs’ in the latest issue of Biofuels International magazine, Mark Waddington discusses consumer affordability of a high(er) percentage biofuels blend.  Mark explains how, since Biofuels Mandates were introduced with the Renewable Fuels Standard (RFS) programme in 2006, the use of ethanol and Biodiesel has steadily increased.  A more significant hike upwards has come since the shift to RED II where there’s a split between first generation (ethanol and bioproducts like FAME which goes into diesel) and second generation (or advanced) Biofuels like HVO, all of which is expected to have an impact on price. He considers developing economic scenarios, different approaches to blending and even whether there will be protests at the pump. Read Mark’s full article here: https://www.biofuelsinternationalcountingthecosts


Tank Storage magazine, October/November

The Sustainable Energy Solution

In the current issue of Tank Storage magazine, Mark Waddington examines the future of sustainable fuels, EU Renewable Energy directives, supplier requirements and the impact this could have on the European storage sector. Read the full article here: The Sustainable Energy Solution