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
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
Trump predicts Saudi and Russian production cuts
08/04/2020 by OilStoreAdministrator
With oil prices having seen steep declines, the US President Donald J. Trump claims to have discussed with Saudi Arabia the possibility of reducing global oil production
US and Russia to discuss global oil markets
06/04/2020 by Mark
The Russian and US presidents, Vladimir Putin and Donald Trump, have agreed to set up lines of communication between their
Morris Lubricants adopts guide dog puppy
04/04/2020 by Richard
UK-based lubricant maker Morris Lubricants, together with sister companies Morris Leisure and GB Lubricants, have adopted a puppy who will ultimately go on to become a guide dog.
China to be a key growth market for lubricant makers
30/03/2020 by OilStoreAdministrator
Once the COVID-19 outbreak passes, China is set to become an important market for driving the demand for advanced lubricants, according to
OPEC reaches out to US oil producers
26/03/2020 by Richard
In an unprecedented move, OPEC has reached out to US shale oil producers and the energy regulator for the state of Texas about
ExxonMobil announces new platform to help small businesses
18/03/2020 by Richard
ExxonMobil has launched its new Mobil Serv Lubrication Management, the first digital maintenance management platform of its kind. REDLIST, a provider of mobile technology for industrial processes, collaborated on
Oil demand to drop for first time in over a decade
16/03/2020 by OilStoreAdministrator
The International Energy Agency (IEA) has drastically reduced its demand growth prediction for this year, meaning that it now
ExxonMobil to slow down Permian activities
14/03/2020 by Mark
Oil major ExxonMobil, which also makes products like slideway oil under the Mobil brand, has announced it is pulling back on its operations in the Permian Basin amid the current trading conditions. Oil prices have
Shell and Equinor agree to exchange digital expertise
12/03/2020 by Richard
Energy giants Shell and Equinor have put their names to a Memorandum of Understanding for improving their collaboration and expertise exchange with the aim of developing new digital methods and solutions in fields such as
OPEC oil production at 10-year low as US reaches record high
10/03/2020 by Mark
The oil industry saw two different stories emerge at the beginning of March. On the one hand, oil production from OPEC countries was at its lowest level for 10 years, while on the other hand,…