OPEC+ sticks with planned production increase
08/02/2022 by OilStoreAdministrator
In a 16-minute meeting, the shortest in its history, the OPEC+ group approved the next planned collective production increase of 400,000 barrels per day (bpd) of crude oil, defying some analysts’ expectation of a greater…
Chevron launches new post-purchase vendor programme
06/02/2022 by Katie
US-based oil major Chevron has announced a new Keep Clean Preferred Vendor programme to allow its customers to get the best results from their
ExxonMobil to move headquarters amid restructure
06/02/2022 by Mark
US-based major ExxonMobil has announced that it will move its headquarters from the Dallas, Texas suburb of Irving to its Houston campus as part of its
What advantages can a synthetic air compressor oil offer?
05/02/2022 by Richard
Air compressor oil can be bought in two different types, synthetic and standard, and each has characteristics that distinguish them. A standard air compressor oil uses a mineral oil as its base. Typically, it is…
Chevron sees best profits since 2014
04/02/2022 by Mark
US oil major Chevron showed how the industry has turned a corner by posting yearly profits of $15.6bn (£11.55bn) for 2021.
SMMT predicts rebound in UK car production
03/02/2022 by Mark
After a poor year for the UK automotive industry, the Society of Motor Manufacturers and Traders (SMMT) says there is room for
What is STOU agricultural oil?
03/02/2022 by Mark
Super Tractor Oil Universal, or STOU for short, is a multi-purpose agricultural oil. A universal product, it can be used by agricultural operations in an extensive range of different applications in vehicles designed for heavy-duty…
Shell begins green hydrogen production in China
02/02/2022 by Mark
Energy giant Shell has started producing green hydrogen at one of the world’s biggest electrolysers in China, with it supplying about half the hydrogen needed to power the fuel cell vehicles during this month’s sporting…
What is the Castrol Optigear range?
01/02/2022 by Richard
The Castrol Optigear range is a selection of high-quality gear oils that use advanced technology to deliver high performance. The products included in the range are engineered with MicrofluxTrans Plastic Deformation (MFT-PD) technology to create…
How Fuchs’ oil answers modern engines demands
31/01/2022 by Mark
A global leader in the lubrication industry, Fuchs Pertolab SE was founded in Germany back in 1931. From those early days, the company has grown into a multinational lubricant manufacturer thanks to its focus on…
UK manufacturing PMI continues to show growing activity
30/01/2022 by greg
IHS Markit’s survey of UK purchasing managers has revealed that the Purchasing Managers’ Index (PMI) for manufacturing was 56.9 in January. While this is one point down on December and less than the analysts’ expected…
BP seeks government backing for low-carbon projects
30/01/2022 by OilStoreAdministrator
Energy supermajor BP says it has made an application for government backing for two low-carbon projects based in Teesside as part of the East Coast Cluster of the Northern Endurance Partnership, which was approved by…