Putin speaks in favour of oil output freeze
06/09/2016 by OilStoreAdministrator
Russian President Vladimir Putin has commented that an agreement to freeze oil output amongst the world’s biggest oil producers would be the correct call as far as the global oil market is concerned. He also…
Common mistakes made with hydraulic machinery
05/09/2016 by Richard
There are a number of errors that plants operating hydraulic machinery make time and time again, which means that many people in the industry must not be aware of the issues surrounding these simple mistakes,…
US oil falls as reserves swell
03/09/2016 by Richard
Oil prices fell on the morning of September 1, due to growing fears that oil reserves are still way too high globally, along with the neutering effect of a strong US dollar. Brent crude was
The importance of defoamants
02/09/2016 by Mark
One of the most common issues experienced by lubricants is the formation of foam. This is a particular problem in machinery that has a lot of system turbulence. Foam can have a detrimental effect on…
Tips for controlling turbomachinery contamination
31/08/2016 by OilStoreAdministrator
Turbomachinery is the epitome of extremely productive equipment. However, it is also known for requiring high levels of lubricant, and running up high equipment costs, which is why contamination control is so vital. The best…
ExxonMobil puts six-figure sum towards flood appeal
30/08/2016 by Richard
ExxonMobil, known for its high-quality products like Mobil 1 Racing 4T, has donated $500,000 (£378,000) to the American Red Cross and the Greater Baton Rouge Food Bank, for
China now largest North Sea crude oil operator
27/08/2016 by Mark
China has become the largest crude operator in the North Sea, with one state-owned company believed to be on course
Iraq to increase oil exports following Kirkuk Fields agreement
24/08/2016 by OilStoreAdministrator
The Organization of the Petroleum Exporting Countries second-largest producer, Iraq is set to increase crude oil exports by
Oil moves above $50-per-barrel mark
21/08/2016 by Mark
Oil prices have topped $50 (£38.03), reaching a six-week high in the process, as talk of a freeze on the supply of
Shell and Total set prerequisites for Iran activity
18/08/2016 by OilStoreAdministrator
An official has revealed that Royal Dutch Shell, which produces Shell Tonna S3 M 68, and Total have set a prerequisite that sees them demand 20-25% of any commission from fuel sales, if they are…
Iran starts dispatching Euro 4 compliant oil
15/08/2016 by OilStoreAdministrator
The National Iranian Oil Products Distribution Company recently revealed that Iran has shipped its first batch of Euro 4-compliant gas oil to
How to select lubricants for turbines
12/08/2016 by Mark
Turbines have to withstand a lot of stress from long operating hours, guarding off wind, heat and rain, so it is important that operators do all they can to ensure that they are running at…