UK petrol prices may fall if oil production increases
29/05/2025 by Thomas Clark
UK motorists may see their fuel prices drop further if OPEC+ decides to go for another big increase in July.
Chevron to get further extension to Venezuela license
28/05/2025 by Cameron Clarke
Bloomberg reports an unnamed informed source as saying that the US Government is ready to give Chevron a further extension to operate in Venezuela and export oil to US refineries.
TotalEnergies to buy LNG from future Canadian plant
27/05/2025 by Daniel Tait
France-based TotalEnergies and Ksi Lisims LNG have agreed a SPA (Sales and Purchase Agreement) for 2 MTPA (million tons per annum) of LNG (liquefied natural gas).
Klüber announces over 80% drop in carbon emissions
26/05/2025 by Jay Hatton
Munich-based Klüber Lubrication, a leading provider of high-end specialty lubricant products, has announced a massive reduction in carbon emissions over recent years.
Chevron vice chairman reveals plans to meeting global energy demand
23/05/2025 by Joel Thompson
Speaking in Washington, D.C. at the Semafor World Economy Summit, the vice chairman of Chevron, Mark Nelson, spoke about meeting the world’s increasing energy demand.
Up to $50 billion in investment announced by Kuwait
22/05/2025 by Thomas Clark
The small but oil-rich Middle Eastern country Kuwait has announced a five-year plan to invest $9–10 billion each year to increase its production capacity.
Rise in production by OPEC+ predicted in July
21/05/2025 by Cameron Clarke
Analysts at multinational financial services and investment bank, Goldman Sachs, have predicted OPEC+ will decide to raise production in July by another 411,000 barrels per day (bpd).
Rumours of Shell considering BP takeover continue to grow
20/05/2025 by Daniel Tait
With BP posting another set of poor quarterly results, speculation continues to grow in the markets that BP is ripe for a merger or acquisition, with Shell being pointed to as the most likely contender…
Fuchs reports strong start to year
19/05/2025 by Jay Hatton
Fuchs has published its financial results for the first quarter of this year, with it showing a modest improvement on last’s year’s strong results.
Chevron claims big jump in US energy production
16/05/2025 by Joel Thompson
US-based oil major Chevron says it has boosted its energy production in the US, thus helping to power businesses in the country.
Shell eyes acquisition of BP amid market activity
15/05/2025 by Thomas Clark
According to a recent report from Bloomberg, oil behemoth Shell is currently considering purchasing fellow UK company BP.
Fire-resistant lubricant sector to reach over two billion in 2030
14/05/2025 by Cameron Clarke
A recent research report from MarketsandMarkets estimates that the market for fire-resistant lubricant will grow in the next five years at a compound annual growth rate (CARG) of 3.74 per cent, rising from $2.20 billion…