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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 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.

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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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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.

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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.” 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.

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