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Author Archives: Paul Coghlan

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“Oil prices moving lower is good news for consumers”, says NIOF”

UncategorisedBy Paul Coghlan3rd December 2018

Responding to last week’s article in the Derry Journal that claimed that “Derry and the poor are paying more for oil”.David Blevings, spokesperson for the Northern Ireland Oil Federation (NIOF) said, “Contrary to the article, oil prices are actually moving lower and we have seen up to 5ppl knocked off retail home heat costs this…

“Oil price rise on geopolitical tensions”, says NIOF

UncategorisedBy Paul Coghlan4th July 2018

The NI Oil Federation has advised that oil prices are rising on the back of global events.  David Blevings, spokesperson for the Federation said, “Unfortunately the instability and concern around the Trump decision to withdraw from the Iran deal has made traders nervous and is adding a premium to crude oil prices. In turn this…

Middle East tensions push oil price higher

UncategorisedBy Paul Coghlan27th April 2018

David Blevings from NIOF said, “We are seeing an increase in local fuel prices. This is a result of inflated crude and wholesale fuel prices due to the current round of sabre rattling in the Middle East. Any sign of discontent in this region is usually bad news for oil prices as the threat of…

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