OPEC lowers its 2021 demand forecast
26/12/2020 by OilStoreAdministrator
The OPEC group has slightly downgraded its expectations for a resurgence in demand next year, citing a slow recovery in
Shell backs hydrogen plane start-up
22/12/2020 by Richard
Anglo-Dutch oil major Royal Dutch Shell has lent its backing to California-based start-up ZeroAvia, which aims to develop
Exxon Mobil to reduce emissions intensity
20/12/2020 by OilStoreAdministrator
Oil major Exxon Mobil has set itself the target of lowering the intensity of emissions from greenhouse gasses on
Denmark ends North Sea exploration
18/12/2020 by Mark
As part of its long-term commitment to end all fossil fuel extraction by 2050, Denmark has called an immediate end to oil and gas exploration in its area of the North Sea.
Norway to end oil production cuts
16/12/2020 by Richard
The largest oil producer in Western Europe, Norway, has announced it will end its government-imposed cuts at the end of
BP to increase its presence in Middle East
14/12/2020 by OilStoreAdministrator
Despite its plans to transition to more green energy generation, BP has announced it intends to invest more in oil and gas operations in
New IOGP director appointed
12/12/2020 by Mark
A leader in the oil and gas upstream industry, Iman Hill, has been appointed – effective immediately – as the new Executive Director of the
OPEC+ group agrees modest production increase
10/12/2020 by Richard
The recent OPEC+ meeting concluded with a compromise that will see it participants begin to slowly ramp up production again from
US oil production on the rise
08/12/2020 by OilStoreAdministrator
According to the new monthly report from the US Energy Information Administration (EIA), oil production in the US is rising once more, although it still has some way to go before it reaches
Nynas comes out of court-supervised reorganisation
06/12/2020 by Richard
Σουηδία-based refiner Nynas is set to finish its
Oil prices edge higher on vaccine news
02/12/2020 by OilStoreAdministrator
The promising news that at least three COVID-19 vaccines look likely to be highly effective has fed into a rise in oil prices as investors begin to see
Total commits further to reducing methane emissions
30/11/2020 by Richard
France-based oil major Total has extended its commitment to reducing its methane emissions by joining the second phase of the