Investment bank and financial services company Morgan Stanley has given a positive signal to the oil industry by upgrading its end-of-year forecast for Brent crude to $40 per barrel. It also raised its third-quarter Continue reading Morgan Stanley expects Brent to reach $40 by 2021
Everything you need to know about agricultural oil
Agricultural lubricants are specially designed to meet the demands of farming in the present day, and are tailored to the equipment most often used in agriculture. Whether it’s a tractor or combine harvester, a Continue reading Everything you need to know about agricultural oil
Lubricant experts weigh in on oil additives
The Commercial Carrier Journal has published an article about the delicate balance that needs to be struck by additives in commercial vehicle oil, and questions whether aftermarket oil additives are really necessary or Continue reading Lubricant experts weigh in on oil additives
Shell offers voluntary severance
Bloomberg reports that Royal Dutch Shell is set to take a series of measures to strengthen its resilience during the COVID-19 crisis, including offering voluntary severances to staff.
The company has Continue reading Shell offers voluntary severance
Low prices may make some North Sea oil uneconomical, research warns
A new study from the University of Aberdeen has indicated that if low oil prices persist, as much as a third of the remaining recoverable reserves of gas and oil in the North Sea may become simply uneconomical to Continue reading Low prices may make some North Sea oil uneconomical, research warns
EIA anticipates record drop in US shale oil output
The US Energy Information Administration (EIA) has reported that it expects oil production in the seven major shale oil basins to drop from 8.019 million barrels per day (bpd) this month to 7.822 million bpd next month, a Continue reading EIA anticipates record drop in US shale oil output
BP reaffirms commitment to net-zero emissions
Bernard Looney, the CEO of BP since February, has emphasised that he expects to proceed with the company’s plan for net-zero emissions despite the challenges the COVID-19 crisis has posed, with BP even reporting a loss in Continue reading BP reaffirms commitment to net-zero emissions
Valvoline launches campaign to thank truckers
Valvoline, the maker of leading lubricants like commercial vehicle oil, has launched a new social media campaign to allow people in Continue reading Valvoline launches campaign to thank truckers
US energy secretary predicts secure future for oil
Dan Brouillette, who has been Donald Trump’s energy secretary since December last year, has expressed confidence that the oil sector will soon bounce back from the recent extensive losses.
The ongoing coronavirus pandemic Continue reading US energy secretary predicts secure future for oil
US oil production cuts exceeding expectations
Despite the lack of any formal agreement, analysis from Reuters suggests that US oil producers will cut output by Continue reading US oil production cuts exceeding expectations
