Oil production in the United Kingdom
04/05/2017 by OilStoreAdministrator
The United Kingdom may not be one of the world’s largest oil producers, but at 978,000 barrels a day in 2016, it remains the world number 18 for oil production and is second only to…
Russian output could reach new peak
03/05/2017 by Richard
Russian officials and investment details from oil firms indicate that the country’s oil output is poised to climb to a new 30-year peak if the OPEC-led supply cuts are not continued after June 30. As…
Russia hits production-cut milestone
27/04/2017 by OilStoreAdministrator
Russia has successfully cut its oil production by 250,000 barrels per day, with further cuts to follow. Another 50,000 barrels per
Oil prices settle after comments from OPEC and Saudi Arabia
24/04/2017 by Mark
Oil prices steadied last Wednesday, April 19, after the Secretary General of OPEC reiterated the organisation’s commitment to
Synthetic oil innovator passes away
21/04/2017 by Mark
AMSOIL INC. has announced that its founder, Al Amatuzio, passed away last month aged 92, leaving a legacy that
OPEC monthly report points to a strong US driving season
18/04/2017 by Mark
A high demand for petrol in the United States should help drive up summer oil prices, according to OPEC’s latest
OPEC cuts encourage traders to tap Caribbean oil hoards
13/04/2017 by Richard
The current supply glut may be drawing to an end as traders begin draining hidden stockpiles of oil in the
The world’s top oil-producing countries: Brazil
08/04/2017 by OilStoreAdministrator
According to the World Bank and the International Monetary Fund, Brazil has the eighth-largest economy in terms of exchange rate value and the seventh largest in terms of purchasing power parity. It is the fifth-biggest…
The world’s top oil-producing countries: Kuwait
07/04/2017 by Richard
Kuwait may be a tiny country, but it is home to over four million people, with some 70% of these being expatriates. The country also has substantial oil reserves (the fifth largest in OPEC) and,…
Saudi warnings fail to curb US rig count
07/04/2017 by Richard
The US rig count has continued to rise despite warnings from Saudi Arabia over increased production. According to Baker Hughes, there are now
The world’s top oil-producing countries: United Arab Emirates
06/04/2017 by Richard
The United Arab Emirates (UAE) was established 46 years ago when Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, Umm al-Quwain and capital city Abu Dhabi came together to form their own federation. It
The world’s top oil-producing countries: Canada
05/04/2017 by OilStoreAdministrator
When we think of the world’s largest oil producers, we maybe think of the plentiful oilfields of the Persian Gulf, the vast reserves of Russia or the oil wells of America that are experiencing a…