Unseasonably warm winter weather has left the UK with its highest October stockpiles of oil for the past five years, according to Government figures
By John Ficenec, and Agency: 2:46PM GMT 22 Dec 2015
Record high temperatures in December have left the UK with the highest stocks of oil for five years as Europe-bound fuel tankers are forced into mid-Atlantic U-turns.
An unseasonably balmy period means the UK is on track for the warmest December in more than 100 years, and stocks of oil and gas are piling up as households turn down the heating.
Oil stocks in the UK have risen to almost 15m tonnes, which is 9pc above the same stage last year, according to the latest figures released by the Department for Energy and Climate Change.
Sales of fuel oil, which is used to fire boilers, slumped by more than 40pc during the third quarter ending in September, according to DECC figures.
The slump in demand comes as the European market is being swamped by production from refineries in the US, Russia, Asia and the Middle East.
The mild weather is causing havoc for the oil industry across Europe. Oversupply is presenting oil refineries with such slim margins that fuel tankers bringing supplies from the US are doing mid-Atlantic U-turns, according to Reuters.
The oil industry uses what it calls crack spreads – or the profit on the sale of refined profucts versus their crude price – to calculate what fuels are worth. In every single December since at least 2006, heating oil, or gasoil as it’s also known, has carried a strong premium during winter, according to data compiled by Bloomberg from ICE Futures Europe and PVM Oil Associates. This year, that gap has narrowed sharply.
Gasoil’s premium to Brent crude slumped to $6.54 a barrel on December 14, its lowest since February 2010, as the lack of cold weather in Europe drove a rise in stockpiles.
The glut of oil comes as Brent crude crashed to the lowest level since 2004 yesterday with the price of oil due for delivery in February down 53 cents from its closing price last Friday, to close at $36.35 on the London exchange.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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