Non-OPEC countries to drive oil production growth
19/04/2023 by OilStoreAdministrator
In its latest Short Term Energy Outlook, the US Energy Information Administration (EIA) has pointed to greater growth in crude oil production from non-OPEC countries this year.
Morris employees raise £13,842 for local hospice
18/04/2023 by Mark
The Hope House children’s hospice has been presented with a cheque for £13,842 thanks to the efforts of employees from Shrewsbury-based Morris Lubricants and its sister company Morris Leisure.
EIA still expects crude oil surplus
17/04/2023 by Richard
Despite the recent surprise cut in production from the OPEC+ group of countries, the US Energy Information Administration (EIA) has said
BP buys 40% interest in carbon capture project
16/04/2023 by Katie
UK-based energy major BP has purchased a 40% stake in the Viking CCS project in order to boost its
OEUK calls for policies to attract North Sea investment
14/04/2023 by OilStoreAdministrator
Offshore Energies UK (OEUK), an industry body representing the UK’s offshore energy sector, has issued a warning regarding
Shell produced more gas than expected in first quarter
13/04/2023 by greg
The share price of UK-based energy major Shell received a modest boost on news that it believes it has produced more natural gas than expected in the first quarter of the year.
UN supertanker sets sail to avert Red Sea spill
13/04/2023 by Mark
A very large crude carrier (VLCC) has departed from Zhoushan, China on a mission to transfer around a million oil barrels from FSO Safer. FSO Safer is a supertanker that has been moored offshore of…
New car market grows for eighth month in a row
12/04/2023 by Mark
The UK automotive sector continued its post-pandemic recovery with an eighth successive month of growing new car registrations.
Texaco launches Delo 400 XSP SAE 5W-20 engine oil
11/04/2023 by Richard
Texaco Lubricants has launched a new high-performance, heavy-duty synthetic engine oil in the form of Texaco Delo 400 XSP SAE 5W-20. Texaco claims the new oil offers
Iraq to hold 30% stake in TotalEnergies’ projects
10/04/2023 by Mark
Some $27 billion worth of projects in Iraq came a step closer to realisation when the Iraqi Government agreed to
OPEC+ makes unexpected production cut
10/04/2023 by OilStoreAdministrator
The OPEC+ group has surprised the markets by announcing a sizeable cut in overall production, with oil prices increasing on news of the move.
Surge in orders reported by UK firms
07/04/2023 by Katie
According to the Institute of Directors (IoD), firms in the UK saw an overall improvement in growth over the first quarter, suggesting the economy is faring better than expected.