Egypt increases oil imports from Kuwait
02/01/2016 by Richard
Kuwait Petroleum Corporation, the manufacturer of Q8 Dynobear 32, has agreed to supply around 500,000 barrels of crude oil to Egypt each month. This extra crude oil will be
Oil prices could drop as low as $20
29/12/2015 by OilStoreAdministrator
A major global forecast on the state of the oil market has predicted that oil prices will continue to fall, and that they could even drop to $20 (£13.44) per barrel. According to a
Brent prices fall spectacularly
26/12/2015 by OilStoreAdministrator
Brent Oil prices have fallen to levels we have not seen since 2004, with both WTI and Brent benchmarks losing a minimum of 35% since the beginning of 2015 alone. Brent prices for front-month February…
Royal Dutch Shell move forward with BG merger despite oil price fears
23/12/2015 by Mark
Royal Dutch Shell, the manufacturer of Shell Omala S2 G 320, is going to London’s High Court in order to get consent to hold a shareholder meeting, so that its planned merger with BG Group…
China clears Shell’s merger with BG
19/12/2015 by OilStoreAdministrator
Royal Dutch Shell, the manufacturer of Shell Tellus S2 M 46, has announced that its planned $70bn (£46,200,852,837,605.20) merger with BG Group has been given the final go-ahead by China. Speaking on Monday, December 14,…
Scottish economy shrinks due to oil events
16/12/2015 by Richard
The Scottish economy lowered slightly in November, due to the downturn in the oil and grass industry, according to a report by the Bank of Scotland. The most recently released Bank of
Shell-BG merger gets green light in Australia
13/12/2015 by Richard
Royal Dutch Shell, the manufacturer of oil-based products like Shell Tellus S2 M 32, has been given final Australian clearance for its $70bn (£46bn) acquisition of BG Group. The company was waiting for the
ExxonMobil calls for carbon tax
10/12/2015 by OilStoreAdministrator
Executives at global oil company ExxonMobil, the manufacturer of Mobil Delvac Super 1400 15W/40, claimed that without major international coordination on
Oil prices could stay under $50
07/12/2015 by Richard
Oil prices may remain below $50 (£33.10) due to a glut in supply, as the Organisation of Petroleum Exporting Countries failed to agree to new levels of production at a recent meeting. The price of…
Iran looks for $30bn of new oil contracts
04/12/2015 by OilStoreAdministrator
Iran has changed the manner in which it offers contracts to international energy companies in the hopes of attracting as much as $30bn (£20bn) in new investment. The terms of the country’s new
Price rise follows shoot down in Turkey
28/11/2015 by Richard
Oil prices, and therefore oil companies like Q8 – the manufacturers of Q8 T750 15W/40 –rose on Tuesday following fears that there might be a disruption to the supply after Turkish military shot down a…
Australian approval given to Royal Dutch Shell’s BG Group merger
25/11/2015 by OilStoreAdministrator
Last Thursday, global oil company Royal Dutch Shell, the maker of products like Shell Tonna S3 M 68, was given clearance for