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Tag Archives: American Petroleum Institute

Heitkamp: EPA methane rules harmful to Bakken, industry

Earlier this week the Environmental Protection Agency proposed new standards that would cut methane emissions from the oil and gas industry by 40 to 45 percent by 2025. U.S. Sen. Heidi Heitkamp (D-ND) said, “Energy production and clean air through reduced greenhouse gas emissions are not competing ideals, and efforts to reduce emissions don’t have to hurt our energy industry,” ...

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U.S. EPA releases plan to curtail methane emissions from oil, gas wells, pipelines, processing plants, storage facilities

The U.S. Environmental Protection Agency on Tuesday proposed new federal rules to sharply cut methane emissions from drilling for natural gas and oil. The agency is seeking “a significant reduction” in methane from new and modified wells and new and modified transmission, processing and storage facilities over the next decade, said EPA spokeswoman Janet McCabe. The new rules will likely ...

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Oil prices fall on unexpected rise in U.S. crude stocks

  LONDON – Oil prices fell on Wednesday after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma, hub rose 2.3 million barrels last week, compared with analyst expectations ...

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Oil falls on prospect of increasing Iranian exports

NEW YORK – Oil prices fell on Wednesday on expectations increased exports from Iran will add to a global supply glut and on rising inventories at the delivery hub at Cushing, Oklahoma. Tuesday’s agreement on Tehran’s nuclear program between six world powers and Iran is expected to result in the lifting of sanctions in early 2016 which have limited sales ...

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Millions of Jobs, thousands of deaths: How 2016 could be a make or break election season for oil and gas

The American Petroleum Institute (API) has re-launched its “Vote4Energy” campaign for the upcoming 2016 election cycle. Right out of the gate, the national trade association requested Wood Mackenzie to investigate the impact of potential changes to various oil and natural gas-related policies at both a federal and state level. The analytics company went right to work to produce some staggering ...

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Dollar surge pushes oil lower, European data provides some support

LONDON – Oil prices fell on Tuesday, hit by a stronger dollar, although improving European economic data and optimism that Greece will strike a deal with its creditors prevented further weakness. A global surplus of oil continues to put downward pressure on crude prices but expectations that American Petroleum Institute data later in the day will show a weekly drawdown ...

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EIA releases interactive energy data widgets

Researchers, journalists, students and Bloggers now have an easy access to visual components available to embed into webpages thanks to a widget the U.S. Energy Information Administration released today. Pulling its information from the EIA’s application programming interface, users can embed maps, line charts, pie charts and bar graphs, all of which will configure to ensure information is always up-to-date. ...

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Montana energy economy dims, but consumers benefit

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Montana’s energy economy is dimming, according to reports from both alternative and fossil fuel industries. Coal is on the ropes as U.S. coal energy consumption hits a 24-year low, oil drilling has dropped off dramatically in the Bakken and wind energy construction is soft. The natural resources and energy industries that account for almost 20 percent of Montana’s economy have ...

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