Low oil prices cause coal consumption to fall
15/06/2016 by Richard
The consumption of coal fell by a record breaking amount globally in 2015, thanks to a decrease in demand from China and an
British analysts forecast oil will rise
09/06/2016 by Richard
Analysts at Capital Economics – a consulting company based in Britain – believe that oil prices will continue to rise higher. In a report received by
Boss of Exxon says Argentina shale investment could top $10 billion
06/06/2016 by Mark
The CEO of Exxon Mobil, which is known for a range of oil-based products, including Mobil 1 New Life 0W/40 and Mobiltemp SHC 100, has stated that
Low oil prices prove to be a boon to the airline industry
03/06/2016 by Mark
Although low oil prices are not exactly good news for big oil companies like ExxonMobil, which produces Mobil 1 Racing 4T, they have proved to be much more of a boon for the airline sector,…
Standoff between Saudi and Iran impacts oil prices
02/06/2016 by OilStoreAdministrator
Oil prices have stayed flat ahead of an Organization of Petroleum Producing Countries (OPEC) meeting taking place in Vienna today (June 2). Since Iran’s return to the
Oil price tops $50 for first time this year
29/05/2016 by OilStoreAdministrator
Oil has reached above $50 (£33.97) per barrel for the first time in 2016 as investors balance the impact of
Big companies compete for control of Qatar oil field
26/05/2016 by Richard
Six of the biggest international oil companies, including BP and Royal Dutch Shell, which manufactures Shell Tonna S3 M 68, have places bids to operate the biggest offshore oil field in Qatar, according to Reuters.…
Big oil companies make ‘green’ moves
23/05/2016 by Mark
Some of the world’s biggest oil companies, including ExxonMobil (which manufactures Mobil Gargoyle Arctic 300), Shell, Statoil and Total have announced a number of ‘green’ investments in technologies, including electric battery storage systems, wind
Increased petrol demand boosts oil prices
20/05/2016 by Mark
Ahead of what is known as ‘driving season’ in the US, when holidaymakers take to the roads in their droves, there has been a
Russia has little optimism about oil prices
15/05/2016 by Mark
Russia were left standing last month as Saudi Arabia failed to agree to a freeze in production at January levels, which caused negotiations to break down without an agreement. Just days later, a number of…
Reshuffle in Saudi Arabia signals period of oil volatility
12/05/2016 by OilStoreAdministrator
The recent removal of Saudi Arabia’s prominent oil minister Ali Al-Naimi brings a new era of uncertainty and increasingly erratic prices, according to some commentators. Al-Naimi was one of the biggest architects of
How to select a good oil analysis lab
10/05/2016 by OilStoreAdministrator
Whether you are a startup eco-company, you work in the food industry or you manufacture electronics, there is one thing that you will need to do – have your equipment’s oil analysed on a regular…