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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws. 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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California’s Misguided Lawsuit Against Oil Firms

Energy Central

Eisenhower The state of California is suing five major oil companies – BP, ExxonMobil, Chevron, Shell, and ConocoPhillips – as well as their trade group, the American Petroleum Institute. “The search for a scapegoat is the easiest of all hunting expeditions.” ” — Dwight D.

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White House Wants to End Royalty-in-Kind Program

The Energy Law Blog

by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash. For the full story, see [link]

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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.” 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 Red Willow Offshore, LLC v.

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

Energy Central

With the incoming Trump administration sure to impact the energy world, the U.S. oil and gas industry is working to put forward policy roadmaps to encourage a robust, competitive American energy sector.