“Not impossible” for oil to fall as low as $10 per barrel, says BP chief
26/01/2016 by Mark
The boss of British oil company British Petroleum (BP) has made waves by commenting that the price of oil could fall as
First U.S. tanker reaches European shores
23/01/2016 by OilStoreAdministrator
The first American oil tanker to navigate from the United States, following the lifting of restrictions on the
Saudi Oil Minister optimistic of rise in crude oil prices
21/01/2016 by OilStoreAdministrator
Ali Al-Naimi, the Saudi Oil Minister, has stated his belief that crude oil prices will rise. He also foresees that in time, there will be renewed stability in the oil market, due to market forces…
Premier Oil sets sights on Eon’s North Sea assets
18/01/2016 by Richard
Premier Oil is currently in advanced talks with a view to acquiring German energy company
Now is the time to switch to food grade lubricants
14/01/2016 by Mark
In the past, food grade lubricants have not been the first port of call for most people, simply because they were unable to deliver the same level of performance as other oils such as
Shell-BG merger hits a snag
14/01/2016 by OilStoreAdministrator
Royal Dutch Shell, the maker of Shell Tellus S2 M 32, has been dealt a blow in its plan to acquire BG Group. On Friday, January 8, one of the
The lubrication myths that are costing you cash
13/01/2016 by OilStoreAdministrator
When it comes to lubrication, there are so many myths and untruths surrounding certain practices that you can so easily find yourself doing the wrong thing and costing your company money, despite your
Fixing common lubricant problems
12/01/2016 by Richard
As the lifeblood of every operation where mechanical equipment is used, lubricants perform several roles.
Should I always buy the most expensive lubricants?
11/01/2016 by Richard
It is easy to assume that buying the most expensive lubricants on the market will give you an advantage and ensure that your machinery is in tip-top condition. This can be quite true in many…
U.S. restarts oil exports
11/01/2016 by Richard
Last Thursday, January 7, the United States made its first crude oil export in 40 years. Oil exports from the country
Major investor slashes BG stake
08/01/2016 by Richard
A global oil investor cut its stake in BG Group by more than half in December 2015, leading to increased speculation about the attitude of shareholders regarding the planned takeover of the British oil company…
Should I use industrial oil or grease?
08/01/2016 by Mark
In order to get the most from your machinery, and to ensure that it functions at its maximum capacity, you will need to ensure that you are using the right