Nynas comes out of court-supervised reorganisation
06/12/2020 by Richard
Sweden-based refiner Nynas is set to finish its
Oil prices edge higher on vaccine news
02/12/2020 by OilStoreAdministrator
The promising news that at least three COVID-19 vaccines look likely to be highly effective has fed into a rise in oil prices as investors begin to see
Total commits further to reducing methane emissions
30/11/2020 by Richard
France-based oil major Total has extended its commitment to reducing its methane emissions by joining the second phase of the
Libya returns to pre-blockade production levels
28/11/2020 by Mark
The OPEC+ group is facing a further challenge with Libya’s return to 1.25 million barrels per day (bpd) of production – the same level it had before General Khalifa Haftar’s Libyan National Army enforced an…
OPEC+ strongly adhering to production cuts
20/11/2020 by Richard
Reuters reports three sources from the OPEC+ group as saying that compliance with the current production cuts was at 101% in April, indicating a good level of
OPEC could extend or deepen cuts into 2021
18/11/2020 by OilStoreAdministrator
According to Abdelmadjid Attar, the energy minister of Algeria, the OPEC+ group may consider extending its cuts well into 2020, possibly even deepening them if
Hudson Energy to be rebranded by Shell
16/11/2020 by Mark
Shell Energy is set to absorb the gas and electricity supplier Hudson Energy into
Lubricant expert wins award
14/11/2020 by Richard
Tribology covers the science of interacting surfaces in relative motion, and advances made in the field have led to better lubricants and more reliable and efficient machinery. Dr Robert Ian Taylor has recently been honoured…
Libyan oil production reaches million bpd
12/11/2020 by OilStoreAdministrator
Libya has continued its return to large-scale production by breaking through the million
Russia considers extension to OPEC+ deal
08/11/2020 by Richard
Alexander Novak, Russia’s energy minister, has met with the top management of Russia’s oil companies to discuss
Libya reaches milestone bpd production
06/11/2020 by Mark
Another milestone has been reached by Libya, with the country restoring production in its largest fields and pumping
ExxonMobil plans Permian production boost
04/11/2020 by OilStoreAdministrator
US oil major ExxonMobil is planning to increase the output of its operations in the Permian Basin, despite taking a third out of its