Microsoft and BP combine for digital solutions
22/09/2020 by Richard
Software giant Microsoft and energy major BP have embarked on a new strategic partnership aimed at finding
OPEC downgrades demand forecast
20/09/2020 by Mark
In its September report on the oil markets, OPEC has again revised down its forecasts for oil demand this year. It now believes the world will consume 90.2 million barrels per day (bpd) on average…
New BP chief forecasts lower oil production
18/09/2020 by OilStoreAdministrator
The recently appointed CEO of BP, Bernard Looney, is set to lay out his vision of the company’s future – one that will involve the oil major
Petro-Canada Lubricants launch new hydraulic oil
16/09/2020 by Richard
HollyFrontier subsidiary Petro-Canada Lubricants has launched its new readily biodegradable
A guide to understanding transmission oil
15/09/2020 by Mark
The main function of transmission oil is to effectively lubricate the hypoid gears found in both manual and automatic transmissions, employed in a wide variety of mechanical equipment along with vehicles like trucks and cars.…
Novak says Russia must win back market share
14/09/2020 by OilStoreAdministrator
The Russian energy minister, Alexander Novak, has highlighted the importance of Russia, as well as other major oil producers, regaining and even increasing its share of the oil market once demand returns to normal levels.
What is hydraulic oil?
13/09/2020 by Richard
While hydraulic oil can sometimes be described as a hydraulic fluid, a hydraulic fluid may not necessarily be a hydraulic oil. This is because hydraulic oil only refers to power-transferring hydraulic lubricants that use an…
Castrol launches engine warranty scheme
12/09/2020 by OilStoreAdministrator
Leading lubricant maker Castrol has launched a new scheme that will give vehicle owners access to a 12-month engine warranty when they have an oil
Why rust protection oil is critical for vehicles and equipment
12/09/2020 by Mark
When iron and its alloys come into contact with air and water, rust is formed. This chemical process can cause serious damage to mechanical equipment and vehicles with metal parts and other systems. To protect…
Understanding the importance of agricultural oil
11/09/2020 by Mark
Enterprises that operate in the agricultural industry know that to keep a fleet of farm vehicles running, effective lubrication is key. Whether machinery is free standing or on the move, in order for it to…
Energy giants launch technology initiative in Singapore
10/09/2020 by Richard
Global energy companies ConocoPhillips, Shell, ExxonMobil, and Chevron, some of which make lubricant products under brands like Texaco and Mobil, have partnered with Enterprise Singapore in calling for startups to come up with solutions to…
Russia to request OPEC+ reaction to rising oil demand
08/09/2020 by Mark
Reuters reports Alexander Novak, the Russian energy minister, as saying that the recovery in the demand for oil may have reached 90% of levels before the pandemic, with him expecting a full recovery some time…