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…
Russia prepares for $40 a barrel oil price
01/04/2017 by Mark
Russia has published its proposed federal spending for 2017–2019 based on oil selling for just $40 a barrel. In contrast, some
Dubai government to take on illegal trade in diesel and lubricants
28/03/2017 by Mark
The state-controlled Emirates National Oil Company (ENOC), together with key government agencies, has recently completed a second round of inspections aimed at tackling the trade in illegal diesel while also
Shell becomes first lubricant supplier to gain IMPA ACT Accreditation
25/03/2017 by OilStoreAdministrator
Shell Marine has been awarded accreditation through the International Marine Purchasing Association’s IMPA ACT Sustainable Maritime Suppliers scheme, which is
Scientists develop special oil sponge
22/03/2017 by Mark
Researchers at the University of Chicago’s Argonne National Laboratory have found a revolutionary new way to clean up after oil spills: the Oleo Sponge. The amount of oil that can