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Tag Archives: American Petroleum Institute

Governor, industry urge cautious hand in regulating oil and gas

oil and gas moratorium, Boulder County

DENVER (AP) — Collaboration and negotiation allowed Colorado to draw up oil and gas regulations that protect the public and the environment while encouraging a lucrative state industry, the governor and the president of an industry group say. Gov. John Hickenlooper and American Petroleum Institute President Jack Gerard talked Thursday about regulation, the future of the industry and the possibility ...

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Obama, Trudeau target methane emissions in new agreement

President Barack Obama and Canadian Prime Minister Justin Trudeau committed on Thursday to curbing methane emissions by reducing methane emissions from the oil and gas sectors. (Image: Bryce Bradford via Flickr)

WASHINGTON (AP) — President Barack Obama and Canadian Prime Minister Justin Trudeau committed on Thursday to curbing methane emissions by reducing methane emissions from the oil and gas sectors by at least 40 percent over the next decade from 2012 levels. It’s a goal the Obama administration had cited previously, and it rolled out regulations in August that were focused ...

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U.S. crude stocks probably dipped last week

U.S. crude stocks probably dipped last week

U.S. commercial crude oil stocks probably dipped last week, while distillate and gasoline stocks likely edged higher, a preliminary Reuters survey showed on Monday. The poll of five analysts, taken ahead of weekly inventory reports from industry group American Petroleum Institute (API) and the U.S. Department of Energy’s Energy Information Administration (EIA), estimated, on average, that crude stocks were down ...

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U.S. crude rises after inventory drawdown at Cushing hub

TOKYO – U.S. crude futures rose from multi-week lows in thin early Asian trade on Wednesday after an industry group reported that stocks fell at the Cushing hub in Oklahoma, the delivery point for U.S. oil contracts. Crude stocks at the Cushing delivery hub fell by 748,000 barrels, data from the industry group, the American Petroleum Institute, showed late on ...

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Lifting of 40-year oil ban heads to Senate

Oil industry officials hailed yesterday’s U.S. House of Representatives vote to lift the 40-year-old ban on crude exports as an opportunity to save consumers money and create new jobs, but environmentalists said it would worsen global warming and heighten the risk of harmful spills. American Petroleum Institute President and CEO Jack Gerard said the 261-159 vote on the measure, which ...

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Oil down on large U.S. crude stockpile build

LONDON (Reuters) – Oil prices slipped on Wednesday after an unexpectedly big build in U.S. crude inventories, further evidence of an oversupply that has helped halve global spot prices over the last year. U.S. crude oil stockpiles rose by 4.6 million barrels in the week to Sept. 25, the American Petroleum Institute (API) said, well above a modest increase of ...

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The return of cheap gas prices

Craig Hall was travel-tired as he pumped gas at a Shell station on Harper Road — crapped legs, sore back and strained eyes. However, there was a bright spot in his road travels from Ohio to the sandy beaches of Wilmington, N.C. — gas prices. The farther south Hall traveled, the cheaper gas prices became, he said. Over the last ...

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Study: Lack of energy infrastructure would cripple New England

A study funded by trade groups representing the oil and natural gas industries is predicting dire consequences for New England if the region doesn’t improve its energy infrastructure by the end of the current decade. The 68-page report released Thursday was prepared for the New England Coalition for Affordable Energy, a Boston-based advocacy group. But it was sponsored by two ...

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U.S. crude down after big gasoline build; Brent steady

NEW YORK – Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. Crude inventories fell 5.5 million barrels in the week to Aug. 21, the biggest one-week decline since early June, according to government data that countered analysts’ expectations ...

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