Synthetic oil innovator passes away
21/04/2017 by Mark
AMSOIL INC. has announced that its founder, Al Amatuzio, passed away last month aged 92, leaving a legacy that
OPEC monthly report points to a strong US driving season
18/04/2017 by Mark
A high demand for petrol in the United States should help drive up summer oil prices, according to OPEC’s latest
OPEC cuts encourage traders to tap Caribbean oil hoards
13/04/2017 by Richard
The current supply glut may be drawing to an end as traders begin draining hidden stockpiles of oil in the
Scotland sets new wind power record for March
10/04/2017 by OilStoreAdministrator
Wind power data for March reveals that turbines in Scotland sent a record amount of power to the National Grid, despite it
The world’s top oil-producing countries: Brazil
08/04/2017 by OilStoreAdministrator
According to the World Bank and the International Monetary Fund, Brazil has the eighth-largest economy in terms of exchange rate value and the seventh largest in terms of purchasing power parity. It is the fifth-biggest…
Saudi warnings fail to curb US rig count
07/04/2017 by Richard
The US rig count has continued to rise despite warnings from Saudi Arabia over increased production. According to Baker Hughes, there are now
The world’s top oil-producing countries: Kuwait
07/04/2017 by Richard
Kuwait may be a tiny country, but it is home to over four million people, with some 70% of these being expatriates. The country also has substantial oil reserves (the fifth largest in OPEC) and,…
The world’s top oil-producing countries: United Arab Emirates
06/04/2017 by Richard
The United Arab Emirates (UAE) was established 46 years ago when Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, Umm al-Quwain and capital city Abu Dhabi came together to form their own federation. It
The world’s top oil-producing countries: Canada
05/04/2017 by OilStoreAdministrator
When we think of the world’s largest oil producers, we maybe think of the plentiful oilfields of the Persian Gulf, the vast reserves of Russia or the oil wells of America that are experiencing a…
Synthetic lubricants market to exceed $33bn within six years
04/04/2017 by OilStoreAdministrator
The synthetic lubricants market is likely to expand at a compound annual growth rate of 2.8% over the coming years, according to a
The world’s top oil-producing countries: Iran
04/04/2017 by Richard
Iran is perhaps most well-known these days for the controversy surrounding its nuclear programme, but the country is also awash with proven reserves of oil and natural gas. Following the lifting of the international embargo…
The world’s top oil-producing countries: Venezuela
03/04/2017 by Richard
Venezuela may not be one of the top five oil producers in the world, but it currently holds the status of having the world’s largest proven oil reserves. Proven oil reserves are those that can…