Post Tagged with: "API"

Source: Reuters

Oil industry lobby weighs support of carbon pricing: source

Reuters


WASHINGTON – The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said.

The …

Exclusive 360 Energy Expert Network Video Interview: Dr. Dean Forman, API – All things considered, the bulls are ready to run in 2021-2022

Exclusive 360 Energy Expert Network Video Interview: Dr. Dean Forman, API – All things considered, the bulls are ready to run in 2021-2022

The update from Dr. Dean Foreman, Chief Economist for the American Petroleum Institute, covers our world wide energy markets. Dean has worked at Saudi Aramco and ExxonMobil, and has seen just about everything. So when the world hits it's first

Source: Reuters

Biden plan to end U.S. fossil fuel subsidies faces big challenges

Reuters


WASHINGTON – President-elect Joe Biden’s promise to end U.S. fossil fuel subsidies worth billions of dollars a year for drillers and miners could be hard to keep due to resistance from lawmakers in a narrowly divided Congress, including from …

December 1, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil extends losses after surprise U.S. crude stock build confirmed

Reuters


NEW YORK  – Oil prices extended earlier losses on Thursday after U.S. data showed a surprise build in crude stockpiles last week and on forecasts for lower global oil demand.

Brent futures LCOc1 fell 46 cents, or 1.1%, to …

September 10, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’

Reuters


WASHINGTON/LONDON – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data.

The campaign by the …

August 18, 2020 - 9:00 am Closing Bell Story‎, Energy News, Natural Gas News
The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

RarePetro


Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

RarePetro

Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any

May 29, 2020 - 11:25 am Capital Markets, Crude Oil Storage, OPEC
U.S. oil industry asks Trump for regulatory relief during coronavirus outbreak

U.S. oil industry asks Trump for regulatory relief during coronavirus outbreak

Reuters


WASHINGTON (Reuters) – The American Petroleum Institute has asked U.S. President Donald Trump for help suspending certain regulatory requirements on the oil and gas industry to ensure steady fuel supplies during the coronavirus outbreak, according to a letter it …

March 20, 2020 - 3:00 pm Closing Bell Story‎, Uncategorized
Source: Reuters

U.S. oil and gas industry sees no supply chain threat from coronavirus: API

Reuters


WASHINGTON – The American Petroleum Institute oil and gas industry group said on Wednesday that it does not see a significant threat to the U.S. energy supply chain from the coronavirus pandemic.

Oil and gas companies are implementing contingency …

Source: Houston Chronicle

Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API

Houston Chronicle


The chief executive of Phillips 66 has been named chair of the American Petroleum Institute, the oil and gas sector’s top trade group said Wednesday.

Phillips 66 Chairman and CEO Greg Garland will serve two years as the …

January 23, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Houston Chronicle

It’s ‘gas and oil,’ as oil lobby addresses climate

Houston Chronicle


WASHINGTON — Meet the “gas and oil” industry.

In an ad campaign launched Monday to highlight oil and gas companies’ efforts to address global warming, the American Petroleum Institute, the sector’s biggest lobbying group, reversed the industry’s traditional …

Source: Houston Chronicle

Oil above $61 amid Middle East tensions, shrinking stockpiles

Houston Chronicle


Oil settled above $61 a barrel after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.

Futures in New York rose Thursday but are …

Courtesy of Chesapeake

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

From Reuters


Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Brent crude LCOc1 …

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

From Reuters


Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled …

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

From Reuters


Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.

During the session, Brent traded …

API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

Jack Gerard, president and chief executive officer of the American Petroleum Institute, issued a statement on behalf of its oil and gas industry members speaking against the decision by the White House to activate steel tariffs on Canada, Mexico and …

June 1, 2018 - 2:34 pm Closing Bell Story‎, Oil and Gas 360 Articles
API Names New President and CEO

API Names New President and CEO

Mike Sommers will be the new president and CEO of the American Petroleum Institute, following an election this afternoon by API’s board. Sommers brings two decades of political experience to API, including his current role as president and CEO of …

Revision of NAFTA Could Have Big Impact on Energy Industry

Revision of NAFTA Could Have Big Impact on Energy Industry

Senate weighs in

On June 8th, 2017, a bipartisan team of United States Senators Cornyn, Cruz, Hoeven, Moran, Heitkamp, Daines, Inhofe, and Murkowski sent a letter to the United States Trade Representative, Robert Lighthizer, urging him to consider …

Oil & Gas Infrastructure Could Generate 1 Million U.S. Jobs, Bump GDP by Almost $2 Trillion

Oil & Gas Infrastructure Could Generate 1 Million U.S. Jobs, Bump GDP by Almost $2 Trillion

$1.3 trillion private investment in oil and gas infrastructure could add almost $2 trillion to U.S. GDP

By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and …

Oil & Gas 360

API: Wells Drilled and Completed Down Only 3.7% for Q3 2016

Decline Approaches ‘Flat’, Compared to Avg. 17.3% Quarterly Declines for the Past 18 Months

Estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of …

Pipeline Safety Prompts API Certification

Pipeline Safety Prompts API Certification

Getting Certified

The American Petroleum Institute (API) has launched a program to certify pipeline inspectors. Oil & Gas 360® spoke with an API media spokesperson who answered questions about the program.

Pipeline Safety

OAG360®:  What is the specific prerequisite education and/or experience/job