Iranian crude oil production returns to 2018 levels
12/04/2022 by Richard
According to a top official in Iran, crude oil production there has returned to levels not seen since before the US withdrew from its nuclear deal with the country and
Fuel distributor announces shift to Mobil Diesel Efficient
10/04/2022 by OilStoreAdministrator
Moffitt Services, which distributes lubricants and fuel and is based in Texas, has become one of a few distributors to announce a full shift of its diesel purchases to Mobil Diesel Efficient, which features a…
UK to follow US in releasing oil reserves
08/04/2022 by Mark
According to sources speaking to Bloomberg, the UK has agreed to follow the United States in releasing some of its strategic oil reserves. The anonymous sources did not mention the size of the UK’s release,…
OPEC+ sticks with gradual production increases
06/04/2022 by Richard
The OPEC+ group has decided to continue its current strategy of unwinding its production cuts on a gradual basis, despite calls from some quarters to
UAE calls for consistent approach to oil producers
04/04/2022 by OilStoreAdministrator
Speaking at an industry event, Suhail al-Mazrouei, the Energy Minister for the UAE, has called for the world to take a more even-handed attitude to oil-producing countries, rather than vilifying them in normal times but…
Quaker Houghton showcases surface treatments
03/04/2022 by Katie
American chemical company Quaker Houghton has showcased a number of its products at the 112th meeting of the Galvanizers Association at
Shell announces large UK investment
02/04/2022 by Mark
With the company in the process of cutting all its ties with Russia, energy major Shell has made an announcement saying that it will invest up to £25 billion in the
Shell may reconsider Shetland oil field pullout
30/03/2022 by Richard
Oil and energy major Shell is re-evaluating its decision to pull out of the Cambo offshore oil field 75 miles west of the Shetland Islands, according to the BBC
Saudi Aramco to invest in increased oil production
28/03/2022 by Mark
The world’s top oil-producing company, Saudi Aramco, has said it will increase its spending on oil production this year to meet the world’s growing demand for crude oil.
IEA proposes 10-point plan to cut oil use
26/03/2022 by OilStoreAdministrator
With Russia’s invasion of Ukraine potentially leading to a global shortage of crude oil, the IEA has proposed at 10-point plan of practical measures
Shell resubmits plan for North Sea gasfield
24/03/2022 by Richard
The biggest oil and gas firm in Europe, Shell has announced that it has submitted to the Oil and Gas Authority a revised environmental plan for developing the Jackdaw gasfield, which lies offshore of Aberdeen.
Energy players gather at CERAWeek
18/03/2022 by Richard
Policymakers, executives and other players recently gathered at this year’s CERAWeek in Houston, which is part of the S&P Global energy conference, to discuss the