JP Morgan revises down oil price forecast
21/06/2023 by greg
Financial services firm JP Morgan has downgraded its expectations for the price of Brent Crude this year from $90 to $81 per barrel.
FUCHS releases new sustainable grease for trailer axels
21/06/2023 by OilStoreAdministrator
The Mannheim-based FUCHS has announced the release of a new lithium-free calcium sulfonate complex grease for lubricating the axle hubs of truck trailers.
The challenges facing green steel
20/06/2023 by Katie
On May 23, 2023, the Singapore Green Steel Forum hosted a panel to discuss the challenges facing the production and marketing of green steel.
Shell commits to continued oil and gas production
20/06/2023 by Mark
UK-based energy giant Shell has said that it will extend its presence in the upstream sector and grow its gas business.
Shell boss sees long future for natural gas
19/06/2023 by Richard
Wael Sawan, Shell’s chief executive officer, is reportedly making changes to the energy giant’s strategy, with natural gas being seen as having a long future in the global energy mix.
Castrol promotes new brand identity at Automechanika 2023
18/06/2023 by Mark
Prominent lubricant brand Castrol has taken advantage of its presence at Automechanika 2023, which was held at the NEC in Birmingham, to promote a fresh upcoming brand identity for its UK Castrol SERVICE network.
EIA revises up US oil production
16/06/2023 by Mark
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has increased its
New car sales grow for tenth successive month
15/06/2023 by Mark
The market for new cars has now experienced its longest monthly growth period year-on-year growth since 2015. This is according to recent data from the Society of Motor Manufacturers and Traders (SMMT).
FUCHS participates in gruelling e-mobility challenge
15/06/2023 by OilStoreAdministrator
The world’s biggest independent supplier of lubricant solutions, FUCHS, has successfully participated in the challenging ID.4 Alaska Tour with an electric vehicle (EV).
Researchers develop new carbon nanotube coating
14/06/2023 by Richard
US Department of Energy scientists at the Oak Ridge National Laboratory (ORNL) have developed a coating based on carbon nanotubes that promises to drastically
Citigroup sees Saudi cut having limited effect on oil prices
13/06/2023 by Mark
While Saudi Arabia has decided to unilaterally cut its oil production by a million barrels per day (bpd), the multinational investment bank Citigroup believes it is unlikely to lead to oil prices soaring towards
Chevron and ExxonMobil close to Algerian gas deal
12/06/2023 by greg
The Wall Street Journal is reporting that oil and gas majors Chevron and ExxonMobil are close to finalising a deal that will see them gain access to substantial reserves of