Crisis ‘almost at turning point’ according to Oil and Gas survey
30/11/2016 by Mark
With more than two in three companies in the oil and gas sector making job cuts in 2015, there are signs that the trouble may be reaching a shifting point following a
Why is it important to filter small quantities of oil?
28/11/2016 by OilStoreAdministrator
One of the questions that is often asked about oil filtration relates to amounts less than 20 litres, and how they can be effectively filtered. This is a particularly important question when the lubricant in…
IEA anticipates oil investment to fall again in 2017
27/11/2016 by OilStoreAdministrator
Investment in fresh oil production is expected to fall for the third year in a row in 2017, as the worldwide supply glut continues fostering volatility in the crude oil markets, according to the head…
Oil prices at highest since October
24/11/2016 by OilStoreAdministrator
Oil prices reached their highest levels since October on 22nd November, as the market was
IEA warns of oil boom and bust
21/11/2016 by Richard
The International Energy Agency (IEA) has revealed that it thinks a cycle of boom and bust in the oil industry is a likely outcome if the present cutback in
Russia not expecting another oil price crash
18/11/2016 by Mark
The chairperson of Russia’s Central Bank does not believe that another catastrophic fall in oil prices is likely, although she expects that a market recovery will not be substantially higher than present rates. Speaking on
OPEC lowers oil price outlook by $20
15/11/2016 by Richard
The Organisation of Petroleum Exporting Countries (OPEC) has released a new report in which it states that oil prices may not reach levels above $60 (£48.32) per barrel until around 2020. In the report, OPEC…
Oil evaporation loss
14/11/2016 by Richard
If you have ever deposited a quantity of oil, whether it be from Shell, Fuchs or Mobile, into a drum or storage container, only to come back weeks or months later and find that the…
Global oil prices fall as Trump triumphs
12/11/2016 by Mark
As Donald Trump stunned the world by swooping to presidential victory, the oil markets were less victorious, as oil prices slipped below the
Working out the energy efficiency of oil
11/11/2016 by Mark
With so many different high-quality lubricant oils on the market from some of the biggest companies, including Mobil and Shell, it is only natural that you will want to work out which of them are…
Oil giants to invest £1bn in low-carbon tech
09/11/2016 by Mark
Ten of the biggest oil companies on the planet have set up a fund that will invest $1bn in technologies that are able to cut carbon emissions from both oil and
Eliminating water contamination from oil
08/11/2016 by OilStoreAdministrator
Water contamination is one of the worst things that can happen to any machine. This is why lubrication technicians who work with either outdoor machinery or in the wet process industries and the food industry,…