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 the market in recent months. The Chinese products include laptops and cellphones. The tariffs had been scheduled to start next
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 at a low of $58.81 a barrel, down more than 22% from its peak in April. That decline puts the
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 the EU. The tariffs became effective at midnight June 1, 2018. “We are deeply discouraged by the administration’s actions to
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 the American Investment Council. Sommers will succeed Jack Gerard, who said earlier this year that he will step down this
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 how a revision of the North American Free Trade Agreement (NAFTA) might impact United States energy interests. The letter stressed the interdependence
$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 create more than one million jobs, according to American Petroleum Institute VP of Regulatory and Economic Policy Kyle Isakower. Isakower’s comments
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 3.7%, which follows an average of 17.3% in quarterly declines for the past year and a half. “Today’s report shows
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. OAG360®: What is the specific prerequisite education and/or experience/job title a person needs to achieve this certification? API: The qualification requirements for the API 1169 Pipeline Inspector Certification Program
