The history of oil prices
01/05/2020 by OilStoreAdministrator
Oil prices have always been subject to huge change. Fuel forecourt prices have historically fluctuated in a way that the produce in the supermarket next door has
ExxonMobil repurposes facilities to make hand sanitiser
30/04/2020 by Mark
US-based energy company ExxonMobil has announced that it has successfully reconfigured production facilities in Louisiana to make medical-grade hand sanitiser. The company is
How will COVID-19 affect the oil industry?
29/04/2020 by Mark
The effects of the COVID-19 pandemic are being felt in every part of life, and the oil industry is no exception. Perhaps the
Morris Lubricants to assist heritage railways
28/04/2020 by Mark
Leading lubricant producer Morris Lubricants has announced a new scheme to assist heritage railways, many of which are struggling financially after having to temporarily close their doors to visitors during the COVID-19 pandemic. The new…
Shell converts lubricants plant to make hand sanitiser
26/04/2020 by Mark
Like many other industrial companies, oil major Shell has been making changes in its business to help combat the spread of COVID-19. In its latest move, it
Shell aims for net-zero emission
24/04/2020 by Richard
Oil giant Shell has announced its plan to join other oil supermajors in cutting greenhouse gas emissions, with the long-term aim of reaching net-zero emission
How the oil industry could combat COVID-19
23/04/2020 by Mark
Like most industries, oil and gas have been hit hard by COVID-19, but there are plenty of examples of the sector playing an important role in fighting the
FUCHS to host AGM online
22/04/2020 by Mark
German-based FUCHS, a maker of industrial lubricant products like slideway oil and grease, has decided to host this year’s Annual General Meeting (AGM) online.
Could wind soon power offshore oil?
20/04/2020 by OilStoreAdministrator
Offshore oil production may soon have its energy demands met by offshore wind generation following approval from Norway’s petroleum ministry for Equinor to build a floating wind farm
OPEC+ agrees record 10% production cut
18/04/2020 by Richard
The OPEC+ group, which includes OPEC members plus some non-member oil-producing nations, most notably Russia, has agreed a landmark deal
ExxonMobil steps in with key hand sanitiser ingredient
16/04/2020 by Mark
Oil major ExxonMobil has stepped in to help a firm in New Jersey pivot its production away from personal care items to medical-grade hand sanitiser
Aviation fuel tanker converted for oil delivery
14/04/2020 by OilStoreAdministrator
Many companies are looking for ways to make their operations more sustainable and efficient. Allied Petroleum, a fuel and lubricant distributor based in New Zealand, has started beefing up its bulk deliveries of oil