OPEC+ agrees to continue output increases
06/03/2022 by OilStoreAdministrator
At its latest meeting, the OPEC+ group of countries has agreed to continue with its planned relaxation of production cuts by allowing an extra 400,000 barrels per day to come to market in April. While…
Operational and business benefits of using Shell Tellus S2 MX 32
05/03/2022 by Mark
Using its patented technology, world lubrication leader Shell produced the high-performance hydraulic fluid, Shell Tellus S2 MX 32. Designed to offer unparalleled levels of performance and protection, it is suited multiple mobile and manufacturing equipment…
Higher prices spur on US oil drilling
04/03/2022 by Richard
Despite many US operators focusing more on shareholder returns than growing output, the number of oil-drilling rigs has risen by 348 from a cyclical low according to data from Baker Hughes, which provides oilfield services.…
CBI reports manufacturing output growth
03/03/2022 by Katie
Based on its latest survey of monthly industrial trends, the CBI has reported that output growth for the UK manufacturing sector increased in the
US indicates release of global oil reserves
02/03/2022 by OilStoreAdministrator
Speaking to reporters recently, the United States’ President, Joe Biden, said that the country was working with other countries to coordinate releases of
Eurocell may build new gigafactory in UK
01/03/2022 by marcelino
Anglo-Korean firm Eurocell is considering three potential sites, including within the UK, to establish its
US expected to become net petroleum importer
01/03/2022 by Mark
In its latest Short-Term Energy Outlook for February 2022, the US Energy Information Administration (EIA) has predicted that the United States will return to being a net importer of
Shell predicts 90% growth in LNG demand
28/02/2022 by Richard
Energy major Shell has predicted in its latest industry outlook that the global demand for liquefied natural gas (LNG) will surpass 700 million tons a year by 2040, which would be a 90% increase on
BT announces low-carbon support for manufacturing
27/02/2022 by greg
Telecommunications company BT has revealed that the next stage of its Green Tech Innovation Platform will centre on finding ways to improve the sustainability of the
Distributor reveals importance of greasing moving bearings
26/02/2022 by OilStoreAdministrator
Delta Sales International, which distributes the GreaseMax single-point lubricator, has said that many operators overlook how important it is to apply grease to bearings while they are moving, rather
Iran to be brought into OPEC+ deal
24/02/2022 by Mark
Reuters reports sources close to the OPEC+ group as saying that Iran may be gradually integrated into its oil supply deal if it manages to reinvigorate its nuclear deal and
Porsche and Mobil extend 25-year partnership
24/02/2022 by Katie
Mobil and Porsche have celebrated 25 years of collaboration by agreeing to extend the