OPEC lowers oil price outlook by $20
15/11/2016 by Richard
The Organisation of Petroleum Exporting Countries (OPEC) has released a new report in which it states that oil prices may not reach levels above $60 (£48.32) per barrel until around 2020. In the report, OPEC…
Global oil prices fall as Trump triumphs
12/11/2016 by Mark
As Donald Trump stunned the world by swooping to presidential victory, the oil markets were less victorious, as oil prices slipped below the
Oil giants to invest £1bn in low-carbon tech
09/11/2016 by Mark
Ten of the biggest oil companies on the planet have set up a fund that will invest $1bn in technologies that are able to cut carbon emissions from both oil and
Shell makes bigger profits than expected
04/11/2016 by OilStoreAdministrator
Oil giant Shell, which makes industry-leading products like Shell Gadus S2 V100 3, has beaten forecasts to make bigger profits than anticipated in the three months up to the end of September, it was
Non-OPEC members yet to pledge to definite output steps
03/11/2016 by OilStoreAdministrator
Nonmembers of the Organisation of Petroleum Exporting Countries (OPEC) have failed to make a specific commitment to curb oil output at a meeting last Saturday, October 29. Although OPEC members have
Royal Dutch Shell set for major assets sale
30/10/2016 by Mark
Royal Dutch Shell, the oil giant known for products like Shell Omala S2 G 320 and Shell Gadus S2 V100 3, is set to sell $1bn of Western Canadian assets in a bid to raise…
OPEC quarrel leads to dip in oil
27/10/2016 by OilStoreAdministrator
The price of oil dipped on Tuesday, October 25 as disagreements emerges within the Organisation of Petroleum Exporting Countries (OPEC) about who should cut which amount of production in a planned output reduction to
Oil producers expectant that price slump is over
24/10/2016 by Mark
A number of the planet’s biggest oil executives recently met up in a London Mayfair hotel for an industry summit. During this summit, Brent crude was fetching £52 per barrel, which is the exact same…
Oil companies experiment with cost-saving technologies
21/10/2016 by Richard
Oil giants including Chevron, Statoil and Royal Dutch Shell, the latter of which manufactures Shell Tellus S2 M 46, are experimenting with several technologies, including drill design and drones, in a bid to
Investors regain interest in US oil
18/10/2016 by OilStoreAdministrator
Investors are renewing their interest in US oil and gas properties that are deemed to come with more risk, as the rebound in crude oil prices boosts hopes that the oil industry faces a more…
Iraqi oil minister wants to up output in 2017
15/10/2016 by Mark
In a statement released on Sunday, October 9, the Iraqi oil minister encouraged oil and natural gas producers with operations in the country to
Libya increases oil exports
12/10/2016 by Richard
Just over a week after the Organization of Petroleum Exporting Countries (OPEC) came to an agreement in regards to reducing global oil supplies, Libya has