Why Portland

Why Portland

Our credentials

Stability from Volatility

Portland has been bringing its fuel industry know-how to a diverse range of clients since 2009, offering comprehensive and innovative solutions tailored to their needs. We provide a wide range of services, including fixed price fuel, carbon reduction strategies, and market analysis, designed to help you navigate the complexities of the fuel market.

Why you should consider working with us:

Our team consists of professionals who have bought, sold, transported and stored fuel for all of their careers. We not only understand this industry in detail but are passionate about it.

Uniquely, we are able to offer long-term fixed prices on small to medium-sized fuel volumes. Previously, the ability to lock in a price was the preserve of only the very largest fuel purchasers. We have democratised the fixed price offer.

We have worked with some of the world’s largest transport companies, service station operators and public transit organisations, as well as governments and city municipalities. We are trusted to deliver.

We are an official partner of Logistics UK and FORS. These respected organisations trust in our ability to serve them and their members.

We have a proud history of recruiting graduates and school leavers, providing them with a broad experience of our business and enabling them to become dedicated industry specialists.

We never over-promise nor under-deliver. We believe in keeping things simple in our quest to always create Stability from Volatility.

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about us

Our History

Portland was set up in 2009 by James Spencer, who joined the energy sector straight from Cambridge University in 1994. The business started as a specialist hedging provider (The Fuel Trading Company Ltd), offering budgetary certainty to companies with an exposure to movements in the price of fuel.

Our market presence increased throughout the following decade and beyond with the incorporation of three more companies – Portland Analytics, Portland CSO and Portland Fuel, plus the integration of AdBlue® producer Noxdown Ltd. With each company came a wider service offering, growing our capability naturally as Portland has become more deeply connected with our clients’ businesses.

We are proud that we still count many of our original customers as long-term partners to this day, and that we have been able to recruit so many more along the way.

Portland sets up its first office in central York, offering Fuel Price Protection.
2009
Advisory services and oil stock ticket trading are added to the original offer.
2010
Portland delivers its first load of physical diesel to a bus company.
2013
Sales activity commences in Canada and the USA, handled via our UK office.
2014
Portland appears on BBC News for the first time and sets up its second office location in Essen, Germany.
2015
Our unique fixed price fuel card is launched.
2016
UK office moves to a larger location in Toft Green, York.
2017
Portland Pricing, our fuel price data service is adopted by Logistics UK.
2018
Portland sets up its third office location, in Hamilton, Canada.
2019
Our carbon compensation service commences.
2020
Portland becomes the majority shareholder of AdBlue® producer Noxdown Ltd.
2021
Portland Pricing launches the UK’s first end-user market HVO price.
2022
We publish the 150th edition of our flagship monthly Energy Market Report.
2023
Noxdown Ltd moves to new manufacturing premises in Pocklington, East Yorkshire.
2024

friendly and knowledgeable

Meet the Team

Meet the dedicated professionals behind Portland’s industry-leading fuel management solutions. Our team combines decades of fuel industry expertise and a commitment to exceptional service and innovative strategies tailored to your needs.

James Spencer
James Spencer
Managing Director
Steve Irwin
Steve Irwin
Group Operations Director
Joe Tuohy
Joe Tuohy
Director, Portland Fuel Holdings
Jon Rosenthal
Jon Rosenthal
Group Marketing Director
Patrick Smith
Patrick Smith
Supply & Trading Director
Mike Johnson
Mike Johnson
Director, Portland Analytics
Conchur Brennan
Conchur Brennan
Director, Portland Fuel Ireland
Connor Wilson
Connor Wilson
IT Manager
Ganga Thapa
Ganga Thapa
Quality Manager
Jake Hookem
Jake Hookem
Group Financial Controller
Oliver Nightingale-Smith
Oliver Nightingale-Smith
Consultant, Portland Analytics
Rhia McCue
Rhia McCue
Sales Manager, Portland Analytics
Simon Hudson
Simon Hudson
General Manager, Portland Fuel Ltd

Market Knowledge

Explore Our Monthly Energy Market Reports

November

2024

It would be an understatement to say that global geo-political tensions have been uncomfortably high throughout 2024, what with the ongoing wars in Ukraine, Palestine and Lebanon, missile exchanges between Iran…

October

2024

To adequately summarise US energy policy in a few short paragraphs is a nigh-on impossible task; a report on the world’s biggest economy (still) and biggest energy producer should really take…

September

2024

10 years ago this month, Toyota launched their first mass-produced hydrogen car at the Los Angeles Auto Show. The Toyota Mirai was built around a hydrogen fuel cell stack that generated…

August

2024

What would summer be without rock stars strutting their stuff at giant entertainment venues around the world?! This summer we have seen the likes of Coldplay, Ed Sheeran and Green Day…

July

2024

A little bit later in the year than usual (because of the recent election frenzy), this month’s report will look at how the oil markets have fared so far in 2024…

June

2024

Normally at this time of the year, we look back over the past 6 months to see how oil and energy markets have developed since January. But with 4 general elections…

May

2024

The South American continent has long been associated with oil exploration. Although not quite as synonymous as the countries of the Middle East, the likes of Venezuela, Brazil and Colombia have…

April

2024

Mention Nigeria to “the man on the street” and he will probably mention the oil industry at some point. This is understandable on the basis that Nigeria is not only the…

March

2024

This time 2 years ago gas prices went stratospheric, as energy markets grappled with the implications of the Russian invasion of Ukraine. Within a week of the invasion, European gas prices…

February

2024

In last month’s report, we pointed out that increasing tensions in the Red Sea – centred on Yemen’s Houthi rebels – could be one of the factors that send oil prices…

January

2024

This time last year, UBS predicted that prices in 2023 would “likely soar past $100 a barrel”. At the same time and in a similar style, Goldman Sachs saw Brent averaging…

November

2023

Last week’s announcement by Petroineos to close their Grangemouth oil refinery in 2025 not only took the industry by surprise, but it simultaneously blindsided both the UK and Scottish Governments. The…

Download your free copy of our brochure

Download your free copy of our brochure and discover how Portland can optimise your fuel management strategies.

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