(Investing) – Oil prices rose more than 1% on Tuesday, reversing some of the previous session’s 6% tumble, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 94 cents, or 1.32% to $72.36 a barrel by 1237 GMT, while U.S. West
World Oil (WO) – The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. In a letter from President and CEO Mike Sommers to Secretary of Commerce Gina Raimondo, Sommers highlighted how the lack
World Oil (WO) – The American Petroleum Institute (API) filed a lawsuit in the D.C. Circuit Court of Appeals challenging the U.S. Environmental Protection Agency’s (EPA) heavy-duty (HD) vehicle emissions standards for model years (MY) 2027-2032. “Today, we are standing up for consumers who rely on trucks to deliver the goods they use every single day,” said API Senior Vice
CNBC Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday’s
World Oil (WO) – The American Petroleum Institute (API) released a new national poll conducted by Ipsos demonstrating widespread concern over Washington’s approach on energy policy. Two out of three American voters say the country is on the wrong track on energy policy, and following the administration’s recent pause on LNG export permits, the poll found nine in 10 Americans
World Oil (Bloomberg) – Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas (LNG) exports. In a petition filed Monday with the Energy Department, the American Petroleum Institute (API) and six other groups say the indefinite delay runs afoul of a legal mandate for the agency
World Oil (WO) — The American Petroleum Institute (API) issued a statement from President and CEO Mike Sommers in response to reports that the Biden administration is considering changing the implementation timeline for its proposed tailpipe emissions standards: “Reports that the EPA is moving forward with a de facto ban on new gasoline-powered cars shows the Biden administration is significantly
World Oil (WO) – The American Petroleum Institute (API) released a statement from President and CEO Mike Sommers on new reports that the Biden administration is moving forward with plans to disrupt the development of U.S. LNG terminals. “This would be a win for Russia and a loss for American allies, U.S. jobs and global climate progress. There is no
World Oil The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A). In comments submitted to the Department of the Interior’s Bureau of Land Management (BLM), API expressed concern over proposed regulatory changes that
World Oil WASHINGTON, November 29, 2023 – American Petroleum Institute (API) Executive Vice President and Chief Advocacy Officer Amanda Eversole testified before a U.S. House Committee on Energy and Commerce subcommittee, highlighting the critical role of American energy leadership in strengthening national security, supporting economic prosperity and advancing innovation to accelerate climate progress. “America’s vast energy resources are the foundation
World Oil (WO) — The American Petroleum Institute (API) released the following statement from Senior Vice President and General Counsel Ryan Meyers in response to the preliminary injunction upheld by the U.S. Court of Appeals for the Fifth Circuit. “Energy independence scored an important win tonight with the Fifth Circuit decision lifting unjustified restrictions on oil and natural gas vessels
World Oil (WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5). In a letter to White House Chief of Staff Jeff Zients, the organizations warned that moving forward
