Oversupply causes oil prices to fall
27/07/2016 by Richard
Oil prices occupied an almost two-month low on Monday, July 25, due to concerns that a glut in worldwide crude and
BP set to sell off its UK oil terminals and UKOP pipeline stake
24/07/2016 by OilStoreAdministrator
Oil giant BP is to sell off a number of fuel storage terminals, along with its share of a huge pipeline, as the
‘Gatwick Gusher’ oil zone upgraded
21/07/2016 by Mark
Oil expert Nutech has upgraded oil in place figures for the Portland zone of the Horse Hill project by around 200%, as work on
ExxonMobil outdoes Oil Search in InterOil bid
18/07/2016 by OilStoreAdministrator
Papua New Guinea’s biggest oil and gas company, Oil Search, has revealed that its bid for InterOil, totaling $2.2bn, has been beaten by a ‘superior proposal’ from oil giant ExxonMobil. ExxonMobil, which manufactures the
GE Jenbacher names Shell as recommended oil supplier
15/07/2016 by Mark
Royal Dutch Shell, which is known for high-quality oil products like Shell Tellus S2 M 32 and Shell Tonna S3 M 68, recently revealed that GE Jenbacjer has recommended it as global oil provider for…
U.S. oil reserves outdo Saudi Arabia
12/07/2016 by Mark
The U.S. has overtaken oil industry behemoths Saudi Arabia in the number of recoverable oil reserves they have, according to a recently released international study. The new report, which was carried out by
Brexit may slow down planned asset sales, says Shell
12/07/2016 by OilStoreAdministrator
The CEO of oil Giant Royal Dutch Shell, which produces a number of high quality oil-based products – including Shell Gadus S2 V100 3, Shell Omala S2 G 320, and Shell Tellus S2 M 46…
Oil process stabilize as market heads towards balance
06/07/2016 by OilStoreAdministrator
Oil futures reached a stable level at the start of this week, following the Saudi Arabia energy minister’s remarks that the
Growing automobile sales predicted to drive lubricants market size
03/07/2016 by Mark
The lubricants market, which is led by Shell, ExxonMobil, Chevron and BP, is expected to grow significantly between now and
Oil rises back up after Brexit fallout
30/06/2016 by OilStoreAdministrator
Oil prices were up almost 3% yesterday, bringing back hope to the market, following previous concerns after Britain voted to leave the European Union. The market was buoyed by a
Saudi’s new oil minister indicates end to oil glut
27/06/2016 by Richard
Saudi Arabia’s latest oil minister Khalid al Falih has indicated that the worst of the oil glut in oil supply could soon come to an end. He also signaled
Shell fuel could help customers tackle UK air quality
24/06/2016 by Richard
A recent European specification has been approved for cleaner burning fuels to be used in diesel engines, including Shell GTL, one of the oil giant’s best products, along with Shell Tonna S3 M 68. This…