Oil could fall to $20 a barrel, says Goldman Sachs
15/09/2015 by Richard
Prominent U.S. investment bank Goldman Sachs have suggested that the price of a single barrel of crude oil could fall to as little as $20 (£13) per barrel as the oversupply of available oil continues…
Shell and Ferrari cement partnership
14/09/2015 by Richard
On Sunday, September 6, it was announced that Shell, the maker of oil-based products such as Shell Tellus S2 M 32, has extended its Formula One partnership with car giant Ferrari for at least five…
AI to boost Shell’s lubricants
13/09/2015 by Mark
Shell, which produces products like Shell Gadus S2 V100 3, has recently set up an artificial intelligence (AI) service to be used by
Demand for finished lubricants grows in the UK
13/09/2015 by OilStoreAdministrator
According to worldwide consulting and research firm Kline, the demand for finished lubricants in the UK is
North Sea oil revenues down at beginning of 2015
12/09/2015 by Mark
The Scottish Conservatives have said that
Shell set to pay Iran oil debt
12/09/2015 by Mark
Shell is getting ready to pay back a $2bn debt it owes to the Iranian Oil Company with a view to renewing business relations in
Oil prices go down as U.S. stockpiles grow
11/09/2015 by OilStoreAdministrator
An August report revealed that the price of oil was at a six-year low thanks to an upward movement in reserve stockpiles, and now a new report has shown that oil prices are the lowest…
Shell one of the ‘most resilient’ oil companies
11/09/2015 by Richard
According to prominent city brokers, oil firm Royal Dutch Shell, which makes a number of oil-based products like
Shell’s BG Group takeover cleared
09/09/2015 by OilStoreAdministrator
Royal Dutch Shell received EU approval for its £37.9bn acquisition of British firm BG Group, on Wednesday, September 2nd. This was good news for
Shell looking to lease Indian strategic oil storage
09/09/2015 by Mark
Royal Dutch Shell is keen to lease a storage site located at Mangalore, India if it can get the right deal. The global oil company, known for products like
End of August sees sharp fall in oil prices
06/09/2015 by OilStoreAdministrator
August 31 saw oil prices drop to under $49 per barrel. This came immediately after two days of a six-week high in prices. It is believed that the
Shell secures Arctic oil permit
03/09/2015 by Mark
The leading gas and oil company Shell has secured the last permit required for it to be able to start drilling operations under the sea at the Arctic, in search of oil. Work actually began…