OPEC boss wants better cooperation among oil producers
28/03/2023 by Richard
Haitham Al Ghais, the Secretary General of OPEC, has called for greater coordination among oil exporters around the world. According to a Reuters report citing
US not hurrying to refill Strategic Petroleum Reserve
27/03/2023 by OilStoreAdministrator
The White House’s Special Presidential Coordinator for Global Infrastructure and Energy Security has said that the US Administration will not be rushing to refill the Strategic Petroleum Reserve (SPR) quite yet.
Economist at BP cautions against excessive focus on decarbonisation
23/03/2023 by Richard
Speaking in an interview in Mexico City, Michael Cohen, the chief US economist at BP, said that the oil sector’s ability to meet demand had been eroded by a disproportionate focus on slashing greenhouse gas…
US official requests greater oil production
20/03/2023 by Richard
Speaking in Houston, Texas on the sidelines of an energy conference, the US Undersecretary of State for Economic Affairs, Energy and the Environment, Jose Fernandez, expressed that
Pioneer CEO says no more record US oil production
17/03/2023 by OilStoreAdministrator
Scott Sheffield, the boss of Pioneer Natural Resources, has said that inventory and refining limitations will prevent crude oil production in the US from booming ever again.
BP denies backtracking on green transition
16/03/2023 by Katie
Dave Lawler, BP America’s chair, has said that BP’s plans to produce more oil than previously announced did not mean it was shifting away from its transition to renewable and low-carbon energy.
Heavy-duty mobile equipment lubricant launched by Petro-Canada
16/03/2023 by Mark
Petro-Canada Lubricants has released a new synthetic, multi-purpose, all-season lubricant for the wet brakes, transmissions, drive lines, and hydraulic systems of heavy-duty equipment in sectors like construction and mining.
Suncor sells UK oil assets to Equinor
15/03/2023 by Richard
Canada’s Suncor Energy has reached a deal to sell its UK oil assets to Equinor of Norway for $850 million.
Valvoline finalises sale of global products division
14/03/2023 by OilStoreAdministrator
Leading lubricant brand Valvoline has completed the sale of its global products division to the Saudi oil giant Aramco in
Shell reconsiders oil production cuts
13/03/2023 by Mark
In an interview with The Times, Wael Sawan, the new CEO of Shell, said that the company is reviewing its previous decision to wind down its crude oil production by around
DuPont celebrates 75th anniversary of Molykote brand
12/03/2023 by Mark
Parent company Dupont recently marked the 75th anniversary of the founding of the Molykote brand
API reports further build in US oil inventories
10/03/2023 by Richard
According to new data from the American Petroleum Institute (API), inventories of crude oil in the United States rose by 6.2 million barrels in the last full week of February, meaning that