Oil demand to grow in next decade and beyond
14/10/2020 by Mark
The days of oil are not quite over yet according to OPEC, which predicts that the demand for oil will continue to increase until
Fuchs UK reports strong results
12/10/2020 by OilStoreAdministrator
The UK arm of lubricant giant Fuchs, which is based in Stoke-on-Trent, has reported increased revenue and
Egypt announces record oil production
10/10/2020 by Richard
While much of the news lately has been largely dominated by the pandemic and oil production cuts to stabilize the markets, Egypt quietly announced that it has achieved its highest level of oil production since
Shell bets on hydrogen for shipping industry
08/10/2020 by Mark
Oil company Shell has published a decarbonisation report that examines potential fuels for the future, with it coming down firmly in favour of
Total buys the capital's largest car charging network
04/10/2020 by Richard
French energy company Total is set to acquire BluePointLondon Limited, which operates the largest network of charging stations for electric vehicles (EVs) in the capital. Total says it has completed
US oil has peaked, say industry executives
02/10/2020 by Mark
When asked by the Federal Reserve Bank of Dallas, some 66% of executives at oil and gas companies said they believed that US oil
Shell to look at slashing upstream costs
30/09/2020 by OilStoreAdministrator
Anglo-Dutch oil company and lubricant maker Shell is launching a review to look at reducing its oil and gas production costs, possibly by as much as 40%. The cost-cutting exercise will then enable it to…
Morris Lubricants makes donation to hospice
28/09/2020 by Richard
The UK-based maker of lubricants such as agricultural oil, Morris Lubricants, has helped Severn Hospice – a charity that operates hospices in Telford and Shrewsbury, as well as outreach services across Shropshire and Mid Wales…
Morris Lubricants supports Talyllyn Railway
24/09/2020 by OilStoreAdministrator
Shrewsbury-based Morris Lubricants has helped keep the world’s first preserved railway up and running by providing some much-needed support.
OPEC downgrades demand forecast
20/09/2020 by Mark
In its September report on the oil markets, OPEC has again revised down its forecasts for oil demand this year. It now believes the world will consume 90.2 million barrels per day (bpd) on average…
New BP chief forecasts lower oil production
18/09/2020 by OilStoreAdministrator
The recently appointed CEO of BP, Bernard Looney, is set to lay out his vision of the company’s future – one that will involve the oil major
Novak says Russia must win back market share
14/09/2020 by OilStoreAdministrator
The Russian energy minister, Alexander Novak, has highlighted the importance of Russia, as well as other major oil producers, regaining and even increasing its share of the oil market once demand returns to normal levels.