Oil prices head for $100 per barrel
25/09/2023 by Richard
Oil prices hit a 10-month high, with the possibility of being on track to exceed $100 per barrel for Brent Crude.
TotalEnergies mobilises support for Libyan people
24/09/2023 by Mark
Energy major TotalEnergies has suggested it has used its resources to provide relief aid to the people of Libya, following the
EIA predicts rising oil prices in fourth quarter
21/09/2023 by OilStoreAdministrator
The US Energy Information Administration (EIA) has stated in the September Short-Term Energy Outlook (STEO) that it expects the price of Brent crude oil to average $93 a barrel within the remaining quarter of the…
BP chair announces Looney replacement could be external
20/09/2023 by Richard
Helge Lund, the chairman of UK-based oil major BP, has said that for the first time in decades, an external candidate could replace former CEO Bernard Looney.
Shell Starship gets natural gas engine
15/09/2023 by Mark
After having made two successful coast-to-coast journeys in the US and pushed the boundaries of fuel efficiency with a diesel engine, Shell’s Class 8 tractor-trailer is getting a
US shale seeks efficiency through deeper wells
15/09/2023 by Richard
Shale operators in the US have shrugged off earlier downbeat projections to produce more oil and gas despite the rig count declining.
Suriname seen as promising prospect by TotalEnergies
14/09/2023 by Mark
Patrick Pouyanne, the CEO of TotalEnergies, has said that he may be announcing positive news about developing deepwater oil projects offshore of South America, in the country of Suriname.
Oil price reaches new high for the year
12/09/2023 by Richard
The price of crude oil rose to its highest level this year. At the time of writing, Brent Crude was approaching the $90 per barrel threshold, as traders have become concerned over
BP launches UK programme for loyalty pricing
12/09/2023 by Mark
The owner of the Castrol lubricant brand, BP, has launched a new programme that will enable
Bloomberg: Oil demand will peak in 2027
08/09/2023 by OilStoreAdministrator
New analysis from Bloomberg points to the global demand for oil peaking in 2027, as increasing volumes of electric vehicles (EVs) reduce the need for crude oil.
JP Morgan orders methanol-fuelled tankers for TotalEnergies
06/09/2023 by Mark
Financial services firm JP Morgan has ordered two advanced tankers that can run on
TotalEnergies activates Iraq contracts
05/09/2023 by OilStoreAdministrator
Basra Oil Company, a state-owned Iraqi oil company, has announced that France-based energy giant TotalEnergies has activated its four contracts.