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…
Exploring engine oil and its role
27/12/2020 by Richard
Changing the oil used in your engine regularly is crucial to keeping it operating efficiently. The key purpose of engine oil is to ensure any internal components keep cool and can move freely. Without effective…
OPEC lowers its 2021 demand forecast
26/12/2020 by OilStoreAdministrator
The OPEC group has slightly downgraded its expectations for a resurgence in demand next year, citing a slow recovery in
DHL to be supplied sustainable aviation fuel by Shell
24/12/2020 by Mark
Shell Aviation has entered into agreement with DHL Express to supply the shipping giant with sustainable aviation fuel (SAF) for its operations at Schiphol Airport, the main
Shell backs hydrogen plane start-up
22/12/2020 by Richard
Anglo-Dutch oil major Royal Dutch Shell has lent its backing to California-based start-up ZeroAvia, which aims to develop
Exxon Mobil to reduce emissions intensity
20/12/2020 by OilStoreAdministrator
Oil major Exxon Mobil has set itself the target of lowering the intensity of emissions from greenhouse gasses on
Denmark ends North Sea exploration
18/12/2020 by Mark
As part of its long-term commitment to end all fossil fuel extraction by 2050, Denmark has called an immediate end to oil and gas exploration in its area of the North Sea.