Analysts claim that Permian "still has a way to go"
04/06/2025 by Daniel Tait
According to analysts at Wood Mackenzie, the prolific Permian Basin of West Texas and New Mexico still has more than a decade of high production.
Asset sales being considered by Saudi Aramco
03/06/2025 by Joel Thompson
Reuters is reporting two unnamed sources familiar with the matter as saying that oil giant Saudi Aramco is considering selling assets to generate funds.
CEO of ConocoPhillips points to critical price for US shale oil
02/06/2025 by Cameron Clarke
Ryan Lance, the chairman and CEO of ConocoPhillips, has pointed to the future of US shale oil production as being dependent on oil prices.
ExxonMobil and PetroVietnam to boost deal amid trade negotiations
30/05/2025 by Joel Thompson
PetroVietnam, the state-owned energy company, is looking to revise its deal with ExxonMobil as part of wider efforts to find a deal with the US administration.
Rise in production by OPEC+ predicted in July
21/05/2025 by Cameron Clarke
Analysts at multinational financial services and investment bank, Goldman Sachs, have predicted OPEC+ will decide to raise production in July by another 411,000 barrels per day (bpd).
Rumours of Shell considering BP takeover continue to grow
20/05/2025 by Daniel Tait
With BP posting another set of poor quarterly results, speculation continues to grow in the markets that BP is ripe for a merger or acquisition, with Shell being pointed to as the most likely contender…
Fuchs reports strong start to year
19/05/2025 by Jay Hatton
Fuchs has published its financial results for the first quarter of this year, with it showing a modest improvement on last’s year’s strong results.
Independent lubricant maker rebrands metalworking fluids
13/05/2025 by Daniel Tait
Fuchs, the world’s largest independent lubricant manufacturer, recently renamed its respected “Metablanc” product range to “Renoclean”.
UK drivers become Millers Oils ambassadors
23/04/2025 by OilStoreAdministrator
British independent lubricant manufacturing and blending company Millers Oils recently announced two new faces joining its dedicated team of brand ambassadors.
Fuchs obtains American lubricants supplier
21/04/2025 by Mark
German lubricant expert Fuchs recently acquired IRMCO, a tube bending and metal forming lubricant provider based in Chicago, Illinois in the US.
Castrol sponsors India race event
18/04/2025 by OilStoreAdministrator
Respected lubricant brand Castrol was recently the title sponsor for a major racing festival in India.
Mobil distributor celebrates successful seminar
07/04/2025 by OilStoreAdministrator
Sri Lanka’s official distributor for ExxonMobil, McLarens Lubricants Ltd, recently marked the conclusion of a successful event titled the Industrial Technical Seminar.