API – Oil & Gas 360

API backs Interior effort to align commingling rules with modern drilling practices

February 2, 2026

(World Oil) – The American Petroleum Institute on Jan. 30 welcomed a proposal from the U.S. Department of the Interior aimed at modernizing federal commingling regulations, a move the industry group says could support increased oil and natural gas production while maintaining resource conservation standards. The proposed rule would update longstanding commingling requirements that govern the production of hydrocarbons from multiple reservoirs within a

API-led coalition urges expanded offshore leasing in DOI’s draft program

January 26, 2026

(World Oil) – More than 80 national, state and local energy, business and manufacturing organizations have submitted comments supporting the U.S. Department of the Interior’s (DOI) 11th National Oil and Gas Leasing Draft Proposed Program, calling for expanded and predictable access to federal offshore acreage. The coalition, led by the American Petroleum Institute (API), urged the Bureau of Ocean Energy Management (BOEM)

US crude, product inventories rise again

December 31, 2025

(Oil Price)– The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.7 million barrels in the week ending December 26. Crude oil inventories rose by 2.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net decrease of 5.1 million barrels for

U.S. crude stocks post surprise build as gasoline and distillates rise

December 24, 2025

(Oil Price)– The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 2.4 million barrels in the week ending December 19. Crude oil inventories shrank by 9.3 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net decrease of 6.7 million barrels for

API praises House approval of bipartisan permitting reform bills

December 12, 2025

(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to

MariEnergies discovers oil at Shawal-1 exploration well in Pakistan

October 21, 2025

(World Oil)- MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production Lease (Mari D&PL) in Sindh Province, Pakistan. The company operates the block with a 100% working interest. The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well

U.S. Senate’s passage of OBBBA a ‘win for American energy,’ say industry reps

July 2, 2025

(World Oil)– The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed the ‘One Big Beautiful Bill.’ U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate’s decision as a victory for the U.S. oil and gas industry. “We applaud the Senate for passing the One

House’s passing of Trump’s “One Big Beautiful Bill Act” is a win for U.S. energy, agencies say

May 22, 2025

(World Oil) – Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill. “House passage of this legislation is a significant milestone in advancing American energy dominance,” said NOIA President Erik Milito. “Many of

Biden’s methane rule is dead

March 3, 2025

(Oil Price) – Oil and gas producers in the United States will no longer be obliged to pay a fee for the methane they emit in the course of their operations after Congress voted to axe one of the most celebrated moves of the Biden administration in the energy space. With a 52-47 vote, senators repealed the fee, and now all

US energy lobbying groups wary about Trump tariffs threat

November 26, 2024

(Investing) – PITTSBURGH – U.S. oil and gas lobbying groups said on Tuesday they were wary of President-elect Donald Trump’s threat of tariffs on Canada and Mexico, saying such policies could affect consumers, industry and security. Trump, who takes office on Jan. 20, vowed to impose a 25% tariff on imports from Canada and Mexico, two of America’s biggest trading partners,

API sends letter to President-elect Trump, outlines Five-Point Roadmap for energy policy

November 14, 2024

(World Oil) – The American Petroleum Institute (API) has released a new policy roadmap for the incoming Trump administration and next Congress to secure American energy leadership and help reduce inflation. Beginning with an open letter to President-elect Trump, the five-point policy roadmap details concrete steps Washington can take in 2025 and beyond to protect consumers, bolster geopolitical strength, leverage

Oil slips towards 2-week low on gloomy demand outlook

November 13, 2024

(Investing) – Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight downward revision for 2024. Brent futures were 65 cents,

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