IEA says global oil demand to peak this decade
23/06/2023 by Richard
In its latest medium-term report, the International Energy Agency has predicted that the growth in the global demand for crude oil will slow in the coming years, with demand potentially peaking in 2028.
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
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
Saudi Arabia makes voluntary production cut
12/06/2023 by OilStoreAdministrator
While the recent meeting in Vienna of OPEC+ oil producers resulted in no changes to the group’s targeted production, Saudi Arabia has said it will voluntarily cut its own production by a million
TotalEnergies sells climate-related portfolio
09/06/2023 by Katie
France-based TotalEnergies is to sell its entire portfolio of climate-related technology start-ups to Aster, a venture capitalist firm based in Paris.
ExxonMobil could double shale output with new technology
09/06/2023 by Mark
Darren Woods, the chief executive of US-based oil major ExxonMobil, has said that over a five-year period, he expects the company to double the production from its shale assets thanks to new technology.
Canadian oil production resumes as wildfires subside
06/06/2023 by Mark
Producers of oil and gas in Canada’s Alberta province have started to bring operations back online after rainfall caused wildfires in the area to abate.
OPEC ready to welcome back Iran
05/06/2023 by OilStoreAdministrator
The secretary general of OPEC, Haitham Al Ghais, has said during a visit to Tehran that his organisation would welcome Iran’s return to the international oil market. While Iran is
Russia inclined to leave production unchanged
02/06/2023 by Richard
Reuters is reporting that the Russian Government is leaning towards leaving oil production at its current level when the OPEC+ group next meets.