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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Energy Information Administration released on Wednesday. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. crude oil inventories amid strong product draws.

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Draws in Fuel Stocks Counter Crude Inventory Build

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data. Analysts had expected a 2.1

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Ten Little Euphemisms: What Do They Portend for Climate Policy?

Energy Central

It should come as no surprise that the oil and gas industry is attempting to use the current crises of energy security and inflationary prices to its advantage. To that end, the American Petroleum Institute (API) has released a ten-point plan they deem is responsive to these current events.

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Swing State Voters Demand Clarity on Energy Solutions Ahead of 2024 Election

Energy Central

With election day just weeks away, new data shows energy costs continue to be a pivotal issue for voters in key battleground states.

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Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law Blog

Red Willow Offshore, LLC and Medco Energi US, LLC (collectively, “Red Willow”) were co-working interest owners of a natural gas well without the facilities to produce the well. In a recent case, the Louisiana Fourth Circuit Court of Appeal held that processors must also account for gas volume diverted to gas lift operations.

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State of American Energy 2025: Secure American Energy Leadership

Energy Central

Unleashing America’s dominant natural resources, ensuring energy security through LNG exports, and protecting consumer choice through revised tailpipe rules were all central themes of the American Petroleum Institute’s (API) “State of American Energy 2025” event Tuesday.

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Industry Pushes Back On Continued Offshore Leasing Obstruction

Energy Central

Trade groups including the Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) submitted comments this week to the Bureau of Ocean Energy Management (BOEM) urging the Biden administration to remove continued barriers to offshore energy production.