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Oil Refinery goes bust

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Old Jan 24, 2012 | 12:25 PM
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Default Oil Refinery goes bust

Do you think there will be any bargains ! or just a reason to rip us off !
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Old Jan 24, 2012 | 01:24 PM
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it'll get more expensive as the supply decreases and demand goes up, especially as we head towards the olympics, which is the cause of all our countries problems
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Old Jan 24, 2012 | 02:09 PM
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My father in law works for the same company but in seal sands and they have been told to stop work he finds out Friday if he still has a job
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Old Jan 24, 2012 | 02:18 PM
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Not good news this! will push the price up in south east big time!

Hopefully someone steps in and saves it
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Old Jan 24, 2012 | 03:19 PM
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might be worth the govt stepping in as it's going to affect not just the workers by joe public big time
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Old Jan 24, 2012 | 03:40 PM
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Friend works for them as well and he just been told that the administrators are running the place at the moment and there is money being fed into the company to keep it running.
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Old Jan 24, 2012 | 03:41 PM
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Don't think it "should" affect prices much, as 2 of the biggest fuel distributors in Essex (i'm working at one of them now) buy the bulk of their fuel from abroad anyway.

It would seem that Petroplus supply BP with a lot of road fuels tho.
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Old Jan 24, 2012 | 05:20 PM
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Originally Posted by dojj
it'll get more expensive as the supply decreases and demand goes up, especially as we head towards the olympics, which is the cause of all our countries problems
not if there is oversupply in the market, which there is for unleaded in this country. we export loads of it, but import diesel as we don't have enough refineries for that as the shift in fuel used by car users swings more to diesel.
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Old Jan 24, 2012 | 05:22 PM
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How the fuck does an oil refinery go out of business?
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Old Jan 24, 2012 | 05:23 PM
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Another slap for employment in Essex
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Old Jan 24, 2012 | 05:27 PM
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expert on the news predicts record diesel prices this week!
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Old Jan 24, 2012 | 05:40 PM
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if you can't make money on producing petrol and diesel these days you really should not be in business
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Old Jan 24, 2012 | 05:47 PM
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The same company shut the refinery down where I worked on Teesside in 2009 as it wasnt profitable enough for them, they bought refineries cheap expecting the world economy to improve before selling them on for quick $$$$s seems like their plan backfired............
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Old Jan 24, 2012 | 06:24 PM
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Originally Posted by foreigneRS
not if there is oversupply in the market, which there is for unleaded in this country. we export loads of it, but import diesel as we don't have enough refineries for that as the shift in fuel used by car users swings more to diesel.
But that just means whoever is supplying the other 80% of the market will find it easier to bump up their prices
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Old Jan 24, 2012 | 08:41 PM
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someone will buy them out at the right price( not uk), Petroplus have spent so much money upgrading the site and thats why it all went to sh*t. been laying people off for some time now,in the middle of this year they have to have a major shut down by law to replace all the lagging in the pipes etc. the cost of this is well in the millions which they haven't got, if no one buys them out soon the site will be shut down for good and fuel prices will go up. i work in there for Veolia that has the waste contract for them and BP for many years so get all the info on whats going on.
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