OPEC boss calls for greater unity in oil industry
01/03/2023 by Mark
The head of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has called for the industry to demonstrate more unity and be proactive in dealing with criticisms of being major polluters.
New record set for global oil demand
28/02/2023 by OilStoreAdministrator
According to recent data from the Joint Organizations Data Initiative (JODI), the global demand for crude oil hit a new record high in December last year.
Submer approves Castrol immersion cooling fluid
27/02/2023 by Mark
Following a compatibility study, immersion cooling specialist Submer has approved Castrol ON Immersion Cooling Fluid DC 20 to be used in its equipment without voiding the warranty.
IEA edges up prediction for global demand
27/02/2023 by Richard
The International Energy Agency (IEA) has once more increased its forecasted global crude oil demand for this year, with it going up 200,000 barrels per day (bpd) from January’s prediction to 101.9 million bpd.
TotalEnergies and Clariter produce ultra-pure solvents from waste plastic
24/02/2023 by Katie
Following 18 months of co-operation between TotalEnergies Fluids and Clariter, the two companies have announced that they have found a way to use plastic scraps to make ultra-pure solvents for use in highly demanding markets.
Chevron to ship 3 million barrels of Venezuelan crude this month
24/02/2023 by Mark
Reuters reports having seen shipping documents that imply that Chevron will ship a little under 3 million barrels of crude oil from Venezuela to the US this month.
Shell says LNG trade will be dominated by European demand
23/02/2023 by OilStoreAdministrator
According to the LNG Outlook 2023, the heightened demand for liquefied natural gas (LNG) in Europe in the long term will likely lead to intense competition with Asia for supplies in the short term.
Record oil and gas production predicted in US shale basins
22/02/2023 by Richard
According to the US Energy Information Administration (EIA) and its latest Drilling Productivity Report, the seven biggest shale basins in the US will see record levels of crude oil and natural gas production as soon…
BP recruiting 100 employees for offshore wind division
21/02/2023 by greg
UK-based energy major BP will soon begin recruiting around 100 new employees for its offshore wind power division as it seeks to consolidate its presence in this rapidly expanding sector.
US to sell another 26 million barrels from SPR
21/02/2023 by OilStoreAdministrator
The US Government is to push ahead with the sale of 26 million barrels of crude oil from the country’s Strategic Petroleum Reserve, despite reports that it was considering cancelling the sale.
EIA predicts stable US crude demand but rising production
20/02/2023 by Mark
In its latest Short Term Energy Outlook, the US Energy Information Administration (EIA) has predicted that US crude oil production will continue to rise next year while consumption remains flat.
Shell launches Helix HX8 0W20 motor oil
18/02/2023 by Mark
Leading lubricant maker Shell has launched the latest addition to its range of engine oils for passenger cars, Shell Helix HX8 SP OW20.