Oil demand to drop for first time in over a decade
16/03/2020 by OilStoreAdministrator
The International Energy Agency (IEA) has drastically reduced its demand growth prediction for this year, meaning that it now
ExxonMobil to slow down Permian activities
14/03/2020 by Mark
Oil major ExxonMobil, which also makes products like slideway oil under the Mobil brand, has announced it is pulling back on its operations in the Permian Basin amid the current trading conditions. Oil prices have
Shell and Equinor agree to exchange digital expertise
12/03/2020 by Richard
Energy giants Shell and Equinor have put their names to a Memorandum of Understanding for improving their collaboration and expertise exchange with the aim of developing new digital methods and solutions in fields such as
OPEC oil production at 10-year low as US reaches record high
10/03/2020 by Mark
The oil industry saw two different stories emerge at the beginning of March. On the one hand, oil production from OPEC countries was at its lowest level for 10 years, while on the other hand,…
Castrol to neutralise CONEXPO visitors' carbon emissions
02/03/2020 by Richard
Those attending CONEXPO, the biggest construction trade show in North America, will have the chance to offset their carbon dioxide emissions simply by visiting Castrol’s stand at the event. On visiting the Castrol booth, participants’
Texas oil production set to rise this year
28/02/2020 by Richard
Despite lower oil prices and the slowdown in US shale oil, oil production in Texas will continue to rise this year
New digital platform aims to help source marine fuels and lubricants
26/02/2020 by Mark
Ship operators may now find it easier to source the right fuels and lubricant products thanks to a new digital platform launched by
US oil and LNG exports may get tariff exemptions
24/02/2020 by OilStoreAdministrator
US exporters of oil and liquefied natural gas (LNG) may get some relief from the retaliatory duties on US goods as part of
Total rethinks supplying fuel oil to power stations
22/02/2020 by Richard
Patrick Pouyanné, CEO of the France-based energy company Total, has said in an interview that the company is looking at ending the supply of fuel oil for power generation. The company is looking to transition
UK offshore oil still vital to BP
20/02/2020 by Mark
Oil production on the UK continental shelf will remain a leading aspect of BP’s business according to BP regional president Ariel Flores. He also said he expected BP to continue to
Four new LNG carriers being built for Shell
18/02/2020 by OilStoreAdministrator
Norway-based shipping company Knutsen has ordered four new 174,000-cubic-metre liquefied natural gas (LNG) carriers that
Oil choice for off-highway vehicles becoming more vital, says Fuchs
16/02/2020 by Mark
According to Fuchs Lubricants, businesses need to reevaluate which oils they should be using in off-road vehicles in the light of