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…
Canada wildfires cause oil price hike
09/05/2016 by Mark
Oil prices were up by over 2% this morning (May 9), as traders in Asia weighed up the impact of the wildfires causing so many problems in Canada’s biggest oil-producing province, as well as a…
Think-tank says oil giants should drop high-cost projects
06/05/2016 by Mark
Major oil companies, including Shell (which manufactures Shell Omala S2 G 320) and BP, could increase market value by around $140bn (£97bn) should they choose schemes that aim to keep global warming at 2°C, according…
Four common oil analysis fallacies
06/05/2016 by Mark
There are a number of common misconceptions that people who deal with machinery lubrication need to be made aware of if they are to ensure that their equipment runs at peak performance, and does not…
Shell predicts lubricant growth in Asia
03/05/2016 by Mark
Shell company of Thailand, which is known for products like Shell Tonna S3 M 68 and is the fourth biggest oil retailer in the country, believes it will see sales of its lubricants rise by…