US expected to soon become net oil exporter
06/02/2020 by Mark
The US Energy Information Administration (EIA) has published its 2020 Annual Energy Outlook. It predicts that the US will become a net exporter of crude oil and derived products this year as production continues to
The seven most commonly believed myths about oil
05/02/2020 by Mark
Oil and other fossil fuel products, such as natural gas, get a mixed press. There’s no doubt that oil is useful; it powers our vehicles and keeps the wheels of industry turning. Natural gas is…
OPEC set to prolong cuts through June
04/02/2020 by OilStoreAdministrator
Reuters is quoting sources within OPEC as saying that the cartel wishes to extend its production cuts at least to June, with deeper cuts also being on the cards if demand falters. The development has
Which countries have the most oil?
03/02/2020 by OilStoreAdministrator
Which countries, on the planet, are the biggest producers of oil? Many of us will think of the Middle East when oil is mentioned. This is understandable, as in fact one of the manufacturers of…
Improved well efficiency boosted US oil output last year
02/02/2020 by OilStoreAdministrator
The US Energy Information Agency (EIA) has said that the efficiency of oil production from new wells in tight formations, which is commonly referred to as shale oil, increased for the 10th year running in…
Civil engineering company sees benefits of Shell Rimula
28/01/2020 by Mark
AWJ Civil, an Australian company that specialises in environmental remediation and civil engineering work, has decided to
OPEC likely to continue cuts in 2020
26/01/2020 by OilStoreAdministrator
According to the head of Wood Mackenzie’s refining and oils market team in Asia, Sushant Gupta, OPEC looks set to continue its
IEA claims non-OPEC growth will exceed oil demand
22/01/2020 by Mark
Oil producers outside the OPEC cartel will continue to grow their crude oil production this year, so much so that it will
BP to replace Shell as Supercars fuel provider
20/01/2020 by OilStoreAdministrator
With the Australian Supercars season set to launch in Sydney in early February, preparations are well underway. This year, BP
Silverstream wins deal to convert Shell LNG carriers
18/01/2020 by Richard
Silverstream Technologies, which is based in the UK, has entered into an agreement with Shell to convert a number of its LNG carriers to use Silverstream’s revolutionary air lubrication system. This form of lubrication is
India looks to double oil imports from the US
16/01/2020 by OilStoreAdministrator
In order to reduce its reliance on crude oil produced in the Middle East, India is looking to source more oil from other regions, including a doubling of the crude oil it imports from the…
US oil production may be pivotal in 2020
14/01/2020 by OilStoreAdministrator
Speaking on CNBC’s Squawk Box Europe, analysts have cited the degree of US oil production growth as potentially being a