Saudi Arabia to cut oil production
10/01/2021 by Richard
The latest meeting of the OPEC+ group ended with a surprise twist – Saudi Arabia will cut its oil production to allow Russia to make modest
How equipment owners can benefit from a rust protection plan
09/01/2021 by OilStoreAdministrator
Planning out a schedule for applying rust protection measures is always advised for those operating machinery with parts that contain iron alloys like steel. Whether you drive a passenger car, commercial vehicle or you employ…
Russia clashes with OPEC over oil demand
08/01/2021 by Mark
In the first meeting of the OPEC+ group this year, the participating oil producing countries initially failed to come to an agreement over production levels next month, with Russia and Saudi Arabia, the group’s biggest…
Exploring Castrol lubrication
07/01/2021 by Richard
A British-based brand of lubricants serving both automotive needs and industrial sectors, Castrol has now become a household name, synonymous with premium performance and dependability. Today, Castrol manufactures an extensive and diverse range of greases…
Cambodia begins oil production
06/01/2021 by OilStoreAdministrator
In the run up to the new year, the Prime Minister of Cambodia, Hun Sen, announced that the country had become an
Crucial lubricants for the metalworking industry
05/01/2021 by Mark
Industrial enterprises that use metalworking as part of their production processes understand the exacting demands on both machinery and those who use it in such operations. For an effective production process, it is absolutely essential…
Toyota plays down electric vehicles
04/01/2021 by Richard
Akio Toyoda, the president of leading Japanese automobile maker Toyota, has warned against overhyping electric vehicles (EVs), citing that large-scale adoption could place too much strain on electricity grids and actually increase
Libya’s oil production continues to rise
02/01/2021 by OilStoreAdministrator
The lifting of the blockade in Libya continues to yield benefits for the countries oil industry, which was brought almost to a standstill for eight months when oilfields and ports were
Environmental concerns of agricultural lubricants
31/12/2020 by Mark
Growing businesses across the agricultural sector understand the importance of lubrication when it comes to keeping an operation running efficiently. From fruit pickers and tractors to combine harvesters, all pieces of farm machinery need a…
Shell writes down oil and gas assets
30/12/2020 by Richard
Anglo-Dutch oil major Royal Dutch Shell has announced its intention to write down its oil and gas assets by $3.5 billion as it adapts to a new
What are the key reasons for lubricant additives?
29/12/2020 by OilStoreAdministrator
Oils, greases, fluids and other forms of lubrication are crucial for the mechanical components included in both stationary equipment and vehicles to keep working effectively. Lubricants allow working parts in hydraulic systems and engines to…
US looks at pipelines for Middle East oil
28/12/2020 by Mark
Dan Brouillette, the US Energy Secretary, is floating the idea of using pipelines as an alternative to tankers for transporting oil from the Middle East. This would reduce the reliance on tankers needing to pass…