Oil prices climbed higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 2.8 million barrels for the week to June 24.A day earlier, the American Petro...

Oil prices may be heading for their first month of declines since November.The upside potential of crude oil prices remains substantial.Shrinking spare capacity could be the next major catalyst for...

Analysts polled by Reuters expect Brent to average $106.82 per barrel in 2022.This is the most bullish take on average oil prices so far this year.The experts polled by Reuters expect global oil de...

Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many headaches among government officials arou...

Rystad: Global oil and gas investment is set to rise by 20% this year.In the United States, investment in shale is set to increase by 35%.Oil frontiers like Guyana, Brazil, West-Africa and Australi...

WTI crude gained more than 3% on Thursday morning.GasBuddy: we are likely to see “a 7 to 10% rise in gasoline demand today vs week ago.Gradual reopening of Shanghai is another bullish factor for fu...

Wind energy production overtook coal and nuclear output in the United States in March.The fastest-growing wind and solar energy markets are the Netherlands, Australia, and Vietnam.New tech could he...

Crude oil prices remained largely unchanged today after the U.S. Energy Information Administration reported a modest crude oil inventory build of 700,000 barrels for the week to April 22.This compa...

Weaker demand fundamentals have dampened upside momentum for crude oil.Declining volatility and narrower intra-day trading ranges point at slowing bullish momentum for crude.Standard Chartered: loc...

OPEC’s Joint Technical Committee has revised its estimates for Q1 supply and demand. In the Committee’s estimation, the supply surplus has shrunk to 600,000 bpd, versus its previous estimate of 1 m...

Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25.This compared with a decline...

Gulf oil producers slam hypocritical attitude towards fossil fuels.The UAE and Saudi Arabia look to boost production capacity this decade.OPEC has its priorities, and it is sticking to them, even i...

Need to KnowWhile the sharp drop in lubricant demand and the extraordinary measures companies took to maintain business continuity while working through the pandemic in 2020 was one for the record ...

OPEC+ is planning to ramp up production in the coming months.Analysts are estimating that this increase in output could help stabilize oil prices.The alliance has consistently undershot its collect...

A major slowdown in transportation is one of the factors that has put the lubricants industry under stress. The European lubricant industry was not spared from the major shock to Europe’s manufactu...

The majority of U.S. states and the District of Columbia see a future for nuclear power in their respective energy policies for a transition away from fossil fuels, a survey by the Associated Press...

The effect of the Omicron variant on global oil demand has been weaker than expected a month ago, and the oil market is set to be well-supported throughout 2022 despite monetary tightening policies...

How About Another Engine Test?As you all know, I think we may overdo the engine test requirements for engine oils. I’ve long advocated for consolidating some of the current tests into one that meas...

Government scrutiny of carbon dioxide emissions made very tangible impacts recently on the business of Rianlon, a Chinese lubricant additive company. The company agreed to acquire most of the share...

Additive technology goes greenGreen additives are escaping their hamster wheel of low volumes, high costs, incremental improvements and niche lubricant applications. The driving force is the sustai...