IEA warns of oil boom and bust
21/11/2016 by Richard
The International Energy Agency (IEA) has revealed that it thinks a cycle of boom and bust in the oil industry is a likely outcome if the present cutback in
Russia not expecting another oil price crash
18/11/2016 by Mark
The chairperson of Russia’s Central Bank does not believe that another catastrophic fall in oil prices is likely, although she expects that a market recovery will not be substantially higher than present rates. Speaking on
OPEC lowers oil price outlook by $20
15/11/2016 by Richard
The Organisation of Petroleum Exporting Countries (OPEC) has released a new report in which it states that oil prices may not reach levels above $60 (£48.32) per barrel until around 2020. In the report, OPEC…
Oil evaporation loss
14/11/2016 by Richard
If you have ever deposited a quantity of oil, whether it be from Shell, Fuchs or Mobile, into a drum or storage container, only to come back weeks or months later and find that the…
Global oil prices fall as Trump triumphs
12/11/2016 by Mark
As Donald Trump stunned the world by swooping to presidential victory, the oil markets were less victorious, as oil prices slipped below the
Working out the energy efficiency of oil
11/11/2016 by Mark
With so many different high-quality lubricant oils on the market from some of the biggest companies, including Mobil and Shell, it is only natural that you will want to work out which of them are…
Oil giants to invest £1bn in low-carbon tech
09/11/2016 by Mark
Ten of the biggest oil companies on the planet have set up a fund that will invest $1bn in technologies that are able to cut carbon emissions from both oil and
Eliminating water contamination from oil
08/11/2016 by OilStoreAdministrator
Water contamination is one of the worst things that can happen to any machine. This is why lubrication technicians who work with either outdoor machinery or in the wet process industries and the food industry,…
How to grease industrial robots
04/11/2016 by Richard
Industrial robots are extremely good for manufacturing companies, as they improve efficiency and carry out tough tasks. This is why it is so important to properly maintain them. One of the most important parts of…
Shell makes bigger profits than expected
04/11/2016 by OilStoreAdministrator
Oil giant Shell, which makes industry-leading products like Shell Gadus S2 V100 3, has beaten forecasts to make bigger profits than anticipated in the three months up to the end of September, it was
Non-OPEC members yet to pledge to definite output steps
03/11/2016 by OilStoreAdministrator
Nonmembers of the Organisation of Petroleum Exporting Countries (OPEC) have failed to make a specific commitment to curb oil output at a meeting last Saturday, October 29. Although OPEC members have
Are more expensive lubricants always better?
01/11/2016 by OilStoreAdministrator
You may be led to assume that the more a lubricant costs, the better the quality. Although trusted brands like Shell, Q8, Mobil and Fuchs do tend to perform well, it is not really possible…