Why you should check and change your vacuum pump oil
03/08/2023 by Mark
When operating properly, vacuum pumps can improve the efficiency and consistency of manufacturing machinery onsite. However, to appreciate their benefits, pumps must always be regularly maintained. An important part of vacuum
Goldman Sachs predicts record demand for crude oil
02/08/2023 by Richard
Investment bank Goldman Sachs is anticipating crude oil prices to rise this year, as record demand triggers inventory draws.
UAE says further OPEC+ action unnecessary for now
31/07/2023 by Mark
Suhail al-Mazrouei, the energy minister of the United Arab Emirates (UAE), has said that the OPEC+ measures currently in place will suffice to support the market for crude oil, at least for now.
ExxonMobil to double its LNG trade
27/07/2023 by OilStoreAdministrator
US-based oil major ExxonMobil is looking to handle more than twice as much liquefied natural gas (LNG) by the end of
Guyanese president talks about oil success
26/07/2023 by OilStoreAdministrator
The President of Guyana, Dr Mohamed Irfaan Ali, has held a media conference at which he talked about the state of crude oil production in the country and what it wil
US oil production set to hit new record
25/07/2023 by Mark
According to the latest Short-Term Energy Outlook from the US Energy Information Administration (EIA), total US crude oil production will reach a new record high, potentially helping to avoid
Former Shell headquarters to be demolished
24/07/2023 by Richard
UK-based energy major Shell has applied to demolish its former Aberdeen headquarters of 50 years.
Fuchs looks to enhance global brand awareness
21/07/2023 by OilStoreAdministrator
The Germany-based lubricant maker Fuchs has launched a new marketing campaign aimed at improving awareness of its brand around the world.
BP and TotalEnergies dominate German wind auction
21/07/2023 by Mark
Energy majors TotalEnergies and BP have swept the board at a recent auction of offshore German windfarm sites, with them making bids totalling around $14 billion.
Kuwait to ramp up oil production
21/07/2023 by greg
The National reports that Kuwait is planning to substantially increase its capacity for crude oil production, as well as drastically boost its natural gas production and
ExxonMobil to buy Denbury Inc.
20/07/2023 by Richard
US oil major ExxonMobil has announced that it has agreed to buy Denbury Inc. In an all-stock transaction worth $4.9 billion, the purchase is based on the ExxonMobil share price at the time.
Shell extends fuel app to more SMEs
18/07/2023 by OilStoreAdministrator
Energy giant Shell has upgraded its Shell Fleet App for managing fuel payments to accommodate more