U.S. oil reserves outdo Saudi Arabia
12/07/2016 by Mark
The U.S. has overtaken oil industry behemoths Saudi Arabia in the number of recoverable oil reserves they have, according to a recently released international study. The new report, which was carried out by
Oil process stabilize as market heads towards balance
06/07/2016 by OilStoreAdministrator
Oil futures reached a stable level at the start of this week, following the Saudi Arabia energy minister’s remarks that the
Growing automobile sales predicted to drive lubricants market size
03/07/2016 by Mark
The lubricants market, which is led by Shell, ExxonMobil, Chevron and BP, is expected to grow significantly between now and
Oil rises back up after Brexit fallout
30/06/2016 by OilStoreAdministrator
Oil prices were up almost 3% yesterday, bringing back hope to the market, following previous concerns after Britain voted to leave the European Union. The market was buoyed by a
Saudi’s new oil minister indicates end to oil glut
27/06/2016 by Richard
Saudi Arabia’s latest oil minister Khalid al Falih has indicated that the worst of the oil glut in oil supply could soon come to an end. He also signaled
Shell fuel could help customers tackle UK air quality
24/06/2016 by Richard
A recent European specification has been approved for cleaner burning fuels to be used in diesel engines, including Shell GTL, one of the oil giant’s best products, along with Shell Tonna S3 M 68. This…
Brexit and US data put oil under pressure
21/06/2016 by Mark
Oil prices fell for the sixth session in a row on June 16, affected by market worries about the coming E.U referendum happening in the UK, and mixed oil data from the United States. Crude…
Shell to build Pennsylvania petrochemical complex
18/06/2016 by Mark
Royal Dutch Shell, which makes Shell Tellus S2 M 32 and Shell Omala S2 G 320, has recently revealed its intention to construct a brand new petrochemical site close to Pittsburgh, Pennsylvania. The oil giant…
Low oil prices cause coal consumption to fall
15/06/2016 by Richard
The consumption of coal fell by a record breaking amount globally in 2015, thanks to a decrease in demand from China and an
British analysts forecast oil will rise
09/06/2016 by Richard
Analysts at Capital Economics – a consulting company based in Britain – believe that oil prices will continue to rise higher. In a report received by
Boss of Exxon says Argentina shale investment could top $10 billion
06/06/2016 by Mark
The CEO of Exxon Mobil, which is known for a range of oil-based products, including Mobil 1 New Life 0W/40 and Mobiltemp SHC 100, has stated that
Low oil prices prove to be a boon to the airline industry
03/06/2016 by Mark
Although low oil prices are not exactly good news for big oil companies like ExxonMobil, which produces Mobil 1 Racing 4T, they have proved to be much more of a boon for the airline sector,…