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United Kingdom Fuel Oil Market Report and Forecast 2025-2034

Publisher Expert Market Research
Published May 30, 2025
Length 120 Pages
SKU # EMAR20079356

Description

The United Kingdom fuel oil market size is estimated to be valued at USD 217.60 Million in 2024.

Heavy fuel oil enhances the United Kingdom fuel oil market growth as it tends to be less expensive to produce and purchase

Its significant energy density can be beneficial for various applications requiring substantial energy. Heavy oil is valued for its cost-effectiveness, it is cheaper to produce in purchase and its high energy density makes it efficient for applications in power plants and marine diesel engines. It boasts longer storage lives and can be stable for longer periods without getting degraded. Fuel refiners are teaming up with big companies to store and deliver fuels to different locations.

In July 2023, Essar Oil (UK), a significant fuel refiner, teamed up with Oikos Storage to expand its operations in southern England. This collaboration permitted Essar to store and deliver fuel at Oikos's Canvey Island site, catering to the Thames region. Furthermore, Oikos's access to the UKOP pipeline allowed for fuel distribution to the Midlands and Northampton areas. This arrangement bolstered Essar's supply network and market position.

Light oils are known for their cleaner burning properties such as diesel, petrol, and gasoline. They are versatile and can be used across various applications, from vehicles to generators to aviation. They have a lower viscosity and weight which increases the ease of transportation, making them efficient for backup power plants and equipment.

Market Segmentation

United Kingdom Fuel Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

Heavy Fuel Oil
Light Fuel Oil

Market Breakup by Application:

Road and Domestic Waterway
Marine Bunkers
Petrochemicals
Residential/Commercial/Agricultural
Electricity Generation
Others

Market Breakup by Region:

England
Wales
Scotland
Northern Ireland

Competitive Landscape

The Key United Kingdom Fuel Oil Market players are:
Exxon Mobil Corporation
Shell Plc
Chevron Corp.
BP Plc
TotalEnergies SE
Eni S.p.A
Valero Energy Corporation
Others

Table of Contents

120 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Europe Fuel Oil Market Overview
5.1 Key Industry Highlights
5.2 Europe Fuel Oil Historical Market (2018-2024)
5.3 Europe Fuel Oil Market Forecast (2025-2034)
6 United Kingdom Fuel Oil Market Overview
6.1 Key Industry Highlights
6.2 United Kingdom Fuel Oil Historical Market (2018-2024)
6.3 United Kingdom Fuel Oil Market Forecast (2025-2034)
7 United Kingdom Fuel Oil Market by Type
7.1 Heavy Fuel Oil
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Light Fuel Oil
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 United Kingdom Fuel Oil Market by Application
8.1 Road and Domestic Waterway
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Marine Bunkers
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Petrochemicals
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Residential/Commercial/Agricultural
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Electricity Generation
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 United Kingdom Fuel Oil Market by Region
9.1 England
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Wales
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Scotland
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Northern Ireland
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 Exxon Mobil Corporation
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Shell Plc
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Chevron Corp.
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 BP Plc
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 TotalEnergies SE
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Eni S.p.A
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Valero Energy Corporation
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 Others

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