Goldman doubts increased OPEC+ production
20/08/2021 by OilStoreAdministrator
Investment bank Goldman Sachs has said in a note that it does not expect the OPEC+ group to accede to a US request to increase production of oil to tame the rising oil prices that…
Iraq plans to raise oil production
18/08/2021 by Mark
Ihsan Ismaael, the Oil Minister of Iraq, has told the Iraqi News Agency that the government now hopes to raise oil production to eight million barrels per day (bpd) by 2027, which would further secure…
Saudi Aramco sees surge in profits
16/08/2021 by Richard
The Saudi state-backed oil company Aramco has reported a large increase in profits following a
Nynas pushes for lower-carbon roads
12/08/2021 by Richard
Nynas, which, in addition to making lubricants like transformer oil, also sells bitumen products, has published a white paper about how the carbon footprint of
BP reports strong second-quarter earnings
10/08/2021 by Mark
Energy company BP has joined a number of oil companies in posting earnings that were greater than expected for quarter two thanks to
Fuchs widens carbon-neutral goal
08/08/2021 by OilStoreAdministrator
While lubricant maker Fuchs’s manufacturing facilities have been running on a basis that is carbon neutral, it has announced it will extend this ambition to all its joint ventures and non-production holdings, regardless of the…
Shell courts buyers for its Permian assets
06/08/2021 by Richard
Bloomberg reports that potential suitors have been invited to consider purchasing Shell’s assets in the US Permian Basin, which largely drove the resurgence in US oil production in recent years and is currently responsible for…
Shell delivers positive news to investors
04/08/2021 by Mark
After being forced to withhold dividends during the COVID-19 pandemic, Shell has marked a return to relative normality with greater profits, enabling it to pay higher
Valvoline publishes CSR report for 2020
02/08/2021 by OilStoreAdministrator
US-based Valvoline has published its 2020 Corporate Social Responsibility (CSR) report, which details how well the company performed last year in aspects of sustainability, citizenship, diversity, inclusion and
Exxon Mobil recruits new female top-level executive
30/07/2021 by OilStoreAdministrator
Exxon Mobil has appointed Kathyrn Mikells as its new Chief Financial Officer, making her the first top-level executive to be recruited externally, as well as the first female one.
Shell to appeal climate change ruling
26/07/2021 by Richard
Anglo-Dutch energy company and lubricant maker Shell has announced its intention to appeal a decision by a Dutch court that requires it to cut its carbon emissions sooner than
HollyFrontier to showcase lubricants at Las Vegas
22/07/2021 by Mark
HollyFrontier Lubricants & Specialties is to showcase its range of Petro-Canada greases and oils at MINExpo International, which is to be held in