Russia becomes world’s number two oil producer
26/08/2020 by Mark
Russia has surpassed Saudi Arabia to become the world’s second largest oil
OPEC+ leaders advocate continuing production cuts
24/08/2020 by Richard
Bloomberg has reported that Russian Energy Minister Alexander Novak and his Saudi equivalent Prince Abdulaziz bin Salman spoke in a recent video conferencing meeting about maintaining the current production cuts. While they both welcomed a…
Shell launches European tolling solution for commercial fleets
22/08/2020 by OilStoreAdministrator
Oil major Shell has announced its European Electronic Tolling Solution (EETS), which will simplify toll payments in many European countries for
Bank of America revises Brent forecast upwards
20/08/2020 by Mark
The UK oil industry may fare better than expected, according to the Bank of America’s Global Energy Weekly and as quoted by
Valvoline introduces new Premium Blue One Solution
18/08/2020 by Richard
Leading lubricant maker Valvoline has released the next iteration of its Premium Blue One Solution, a commercial vehicle oil originally launched in 2018. As with its predecessor, the Premium Blue One Solution Gen2 has been…
Shell delivers seismic data for Penescola play
16/08/2020 by OilStoreAdministrator
Anglo-Dutch oil major Shell has delivered processed 3D seismic data for the Pensacola Zechstein Reef to its
The importance of changing your passenger car engine oil
15/08/2020 by Mark
Top lubricant manufacturers like Shell, Q8, Mobil and Morris produce a wide range of passenger engine oils for use in a diverse selection of models and makes. These carefully formulated and built-for-purpose oils have been…
Chinese oil imports up 25% in July
14/08/2020 by Richard
According to official customs data reported by Reuters, the amount of crude oil imported into China in July – although slightly down on June’s record figure – was up 25% compared with
What is spindle oil used for?
13/08/2020 by OilStoreAdministrator
Specially designed with anti-wearing properties, spindle oil has been created for lubricating high-speed spindle bearings used in
BP publishes its net-zero strategy
12/08/2020 by Mark
BP has recently published its strategy for fulfilling its commitment to becoming a net-zero emissions integrated energy company by 2050, signalling a shift away from
The multiple benefits of using hydraulic oil
11/08/2020 by Richard
A non-compressible fluid, hydraulic oil is used for transferring power inside hydraulic equipment. While typically hydraulic oil is employed for this purpose alone, it can also perform many other useful functions, including
Shell agrees to charter six new ultra-efficient LNG carriers
10/08/2020 by OilStoreAdministrator
Oil major Royal Dutch Shell has agreed to charter six 174,000-cubic-metre liquefied natural gas (LNG) carriers after entering into agreements with