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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

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 prices were trading up prior to the crude data release by the 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

To that end, the American Petroleum Institute (API) has released a ten-point plan they deem is responsive to these current events. The Institute’s pitch is a ploy. If implemented, it would wipe away—or at the least.

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

Energy Central

According to a recent poll conducted by Morning Consult on behalf of the American Petroleum Institute (API), it was revealed that nearly nine in 10 voters in Pennsylvania and six other key battleground states are looking for details from presidential.

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

Adrian - Oil & Gas

The lawsuit, filed in New Jersey Superior Court in Mercer County, targets ExxonMobil Corporation, Shell Oil Company, Chevron Corporation, BP, ConocoPhillips, and the American Petroleum Institute (API). Read the full story here: New Jersey Sues 5 Oil Giants, Industry Lobby for Climate Fraud

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Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law Blog

The measurement provision did, however, expressly reference and adopt an American Petroleum Institute manual that requires that equitable allocation include adjustment for “fuel gas, gas lift, flare gas, and the like.” The court also considered state regulations and industry standards. Statewide Order No. Statewide Order No.

Gas 40
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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.