IEA predicts lower oil prices next year
24/12/2021 by greg
Consumers and businesses may get some relief from high fuel prices, according to the US Energy Information Administration (EIA), which, in its latest Short-Term Energy Outlook, has downgraded its expected price for benchmark WTI and…
Shell to make fuel from cow manure
24/12/2021 by Mark
Shell has announced its intention to begin making a low-carbon fuel based partly on cow manure.
Investors push back expectations for peak oil
22/12/2021 by Richard
According to a survey by Bloomberg Intelligence, investors now see the demand for oil peaking some years later than they
US reportedly not considering oil export ban
21/12/2021 by Katie
Reuters reports sources familiar with thinking in the White House as saying that the administration is not considering banning the export of crude oil in order to bring down
US producers continue adding rigs
20/12/2021 by OilStoreAdministrator
Despite recent falls in the price of oil due to concerns over the new Omicron variant, US oil producers continued to add more rigs for the
Alpine F1 team celebrates 100 races with Castrol
18/12/2021 by Mark
Renault’s Formula 1 team, which is now branded Alpine, has celebrated 100 races in partnership with Castrol at the
Russia credits OPEC+ for oil industry confidence
18/12/2021 by Mark
On the fifth anniversary of the OPEC+ agreement of December 2016, Alexander Novak, Russia’s Deputy Prime Minister, said that the deal had helped increase the confidence to invest
Shell shareholders back move to UK
16/12/2021 by Richard
The plans of Anglo-Dutch energy major Shell to move its tax residency to the UK have moved a step closer to realisation after shareholders
TotalEnergies partners with Plastic Omnium
14/12/2021 by OilStoreAdministrator
Plastic Omnium has signed a deal with TotalEnergies for a new strategic partnership, which is aimed at collaboratively developing ways to use recycled polypropylene to manufacture plastic materials that will meet the automotive sector’s challenging…
ExxonMobil to become carbon neutral in Permian Basin
13/12/2021 by greg
US-based oil major ExxonMobil has announced plans to make the greenhouse gas emissions of its operations in the US Permian Basin
BP supports including WTI in Brent benchmark
12/12/2021 by Mark
The Dated Brent benchmark, which is the basis of futures contracts for Brent Crude, may have the US WTI Midland grade added to it, with Reuters reporting having seen a document showing
OPEC+ agrees to pump more oil
10/12/2021 by Richard
At its December meeting, the OPEC+ group – which includes OPEC and some partnering non-member, oil-producing countries, most notably Russia – has agreed to proceed with its planned 400,000 barrels per day (bpd) increase in…