US shale oil production to dip next month
24/10/2020 by Mark
According to productivity data from the US Energy Information Administration (EIA), production from the country’s largest shale formations will likely decline moderately next month, indicating that there is
Oil CEO forecasts 'moderate' production restoration
20/10/2020 by Mark
According to the CEO of Occidental Petroleum Corp, US oil production is unlikely to return to the record levels seen before the COVID-19 pandemic, but production will
OPEC+ cuts will still taper out from next year
18/10/2020 by Richard
According to Suhail al-Mazrouei, the energy minister for the Ηνωμένα Αραβικά Εμιράτα, the OPEC+ group will continue with its plan to begin tapering its collective production cuts by 1.9 million barrels per day (bpd) to…
Investors seeing Shell and BP shares as bargains
16/10/2020 by OilStoreAdministrator
With BP and Shell’s share prices at their lowest for 25 years, investors are seeing them as
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…