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Russia and Saudi Arabia raise oil production in run up to OPEC meeting

Both Russia and Saudi Arabia, two of the world’s biggest oil producers, have loosened the taps on oil production ahead of the next OPEC in Vienna on June 22. It is widely anticipated that the cartel, along with its non-member partners, will agree to relax the current production caps to some degree at the meeting.

Saudi Arabia, which has generally been producing Continue reading Russia and Saudi Arabia raise oil production in run up to OPEC meeting

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US asks OPEC to boost oil production

Bloomberg, quoting sources familiar with the matter, reports that the US Government has made a subtle request from OPEC to increase oil production by a million barrels per day (bpd).

While US politicians often criticize OPEC’s management and encourage the cartel to raise production when oil prices climb, it is uncommon for the government to suggest such a specific raise. One theory is that it may compensate for displaced oil production that could follow the reintroduction of Continue reading US asks OPEC to boost oil production

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Germans trial converting wind power into gas

German energy company Uniper has launched a new pilot scheme to make use of wind power by converting it into methane gas.

Wind power across Europe is growing rapidly, and the industry continues to make advancements in production, efficiency, and lubrication, such as from the advanced wind-power lubricants available through Continue reading Germans trial converting wind power into gas

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ExxonMobil demonstrates Mobilgrease 33 at MRO Americas 2018

A new video has been published showing a demonstration by ExxonMobil, the oil major that makes lubricants for Mobil UK stockists, from the exhibition floor of MRO Americas 2018, a leading event for the aviation maintenance industry.

In the demonstration, Gary K. Dudley, who is a global grease product technical advisor for ExxonMobil, begins by saying: Continue reading ExxonMobil demonstrates Mobilgrease 33 at MRO Americas 2018