Remove American Petroleum Institute Remove API Remove Oil
article thumbnail

Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 Crude oil prices were trading up prior to the crude data release by the U.S. 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.

article thumbnail

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. Inventory

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

New Jersey Sues 5 Oil Giants, Industry Lobby for Climate Fraud

Adrian - Oil & Gas

(Photo: Mario Tama/Getty Images) New Jersey on Tuesday sued five oil and gas companies and a leading fossil fuel lobby group for knowingly lying to the public about the existence of climate change and the role their products play in exacerbating human-caused global heating.

article thumbnail

Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law Blog

Generally, oil and gas production facilities have accounted for volume losses under the concept of “Fuel, Flare & Losses.” However, before the Red Willow production stream reached the sales line, Palm diverted more than twenty percent of the gas to use as lift gas in its own low pressure oil wells. In Red Willow Offshore, LLC v.

Gas 40
article thumbnail

US oil executives to meet with Trump next week

BOE Report

oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday. The API, which counts oil majors ExxonMobil and Chevron as members, helped put together the [Read more]

article thumbnail

IPAA, API, and Leading Trades Outline Key Energy Policy Priorities for the Incoming Administration

Energy Central

oil and gas industry is working to put forward policy roadmaps to encourage a robust, competitive American energy sector. New comments and policy plans from the Independent Petroleum Association of America, the American Petroleum Institute, the National Ocean Industries Association, and the American.