Billions could be added to economy thanks to Gatwick oil
21/04/2016 by Richard
UK Oil & Gas Investments PLC have commented that the Weald Basin’s oil reserves could make a ‘very significant’ contribution to the economy in the United Kingdom. Oil production in Southern England has
Stalemate on Doha arrangement leads to crash in oil prices
18/04/2016 by OilStoreAdministrator
Oil prices fell yesterday (April 17) after attempts by many of the world’s largest oil producers to freeze output finished without a deal being put in place. The sticking point proved to be Saudi Arabia…
What are the top 10 oil producing countries?
14/04/2016 by OilStoreAdministrator
In 2012, the International Energy Agency revealed that more than 64 percent of the world’s oil production came from the top ten of countries producing oil. This means that a lot of the oil we…
Economist says oil directors should take a pay cut to safeguard North Sea jobs
14/04/2016 by Richard
A top economist has made the suggestion that the directors of oil companies should lower their own pay in order to protect offshore jobs based in the North Sea. Speaking to
Oil prices drop amidst worries about output freeze
11/04/2016 by Richard
Crude oil prices dropped today when global bank Goldman Sachs was negative about the prospects of a prospective oil producer meeting being successful in handling the current global oversupply. However, the crude prices did not…
Crude oil space mission underway
08/04/2016 by OilStoreAdministrator
The European Space Agency has got together with French and Chinese oil giants in order to launch highly pressurized vats of crude oil into orbit. This piece of experimental space luggage is
Getting to know food grade lubricants
07/04/2016 by OilStoreAdministrator
One of the biggest concerns amongst food, drink and pharmaceutical manufacturers is the health and safety aspect of their products. This means that they are fastidious about hygiene and cleanliness in every aspect of their…
Oil prices could remain stuck for the rest of the year, bankers say
05/04/2016 by Mark
Despite the market seeing a strong improvement this February, and hitting a net positive for this year as a whole with the best monthly advance for 12 months being recorded, the recovery in oil prices…
UK oil and gas target rises by half
01/04/2016 by Richard
The most recent and Horse Hill Portland test results have been revealed, and it appears that due to a larger pump, UK Oil and Gas (UKOG) has increased the last recorded flow rate of oil…
Shell Lubricants appoints senior marketing staff
28/03/2016 by Mark
Shell Lubricants, which produces a range of products including Shell Omala S2 G 320, has recently made a slew of new staff appointments. The oil giant has named Carol Chen as
Saudi Arabia may halt output
25/03/2016 by Mark
Saudi Arabia is willing to sign up to an oil output freeze in April, even if Iran does not take part, according to a senior delegate from The Organization of the Petroleum Exporting Countries –…
Shell brings back classic motor oil
22/03/2016 by Richard
The popular Shell X-100 Classic Motor Oil will once again be available in North America thanks to an exclusive agreement between Into Great Brands/MotorKote and Heritage Fuels and Lubricants. The classic motor oil, which is