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(World Oil) – The AmericanPetroleumInstitute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.
It should come as no surprise that the oil and gas industry is attempting to use the current crises of energy security and inflationary prices to its advantage. To that end, the AmericanPetroleumInstitute (API) has released a ten-point plan they deem is responsive to these current events.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count. Of the total U.S.
Photo: Mario Tama/Getty Images) New Jersey on Tuesday sued five oil and gas companies and a leading fossil fuel lobby group for knowingly lying to the public about the existence of climate change and the role their products play in exacerbating human-caused global heating.
by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash. For the full story, see [link]
Generally, oil and gas production facilities have accounted for volume losses under the concept of “Fuel, Flare & Losses.” In a recent case, the Louisiana Fourth Circuit Court of Appeal held that processors must also account for gas volume diverted to gas lift operations. In Red Willow Offshore, LLC v. Statewide Order No.
crude oil stocks fell by 370,000 barrels last week, according to market sources who cited AmericanPetroleumInstitute figures on Tuesday. Later on Wednesday, markets will focus on the weekly U.S. oil inventories report from the Energy Information Administration. EIA/S] U.S.
“We don’t see it as a likely scenario at this time, but given the precarious state that the Iran regime is in right now, I think everybody should be watching” the waterway, Mike Sommers, the president of the AmericanPetroleumInstitute, said in a Bloomberg television interview. a barrel at 3:06 p.m.
Recientemente, el AmericanPetroleumInstitute (API) critic las polticas del nuevo gobierno de Claudia Sheinbaum, en particular el control de precios en combustibles, alertando que podran afectar a las empresas privadas del sector energtico. han expresado inquietud sobre el cumplimiento de Mxico con los compromisos del acuerdo.
million barrels last week, market sources said on Tuesday citing AmericanPetroleumInstitute data. Also sending bearish signals on the supply side, {{8849|U.S. crcrude oil inventories rose by 3.8 API/S] U.S. government data is due at 10:30 a.m. ET (1430 GMT). Analysts polled by Reuters expect U.S.
Weekly inventory data is due from the AmericanPetroleumInstitute industry group later on Tuesday and official data from the Energy Information Administration is due on Wednesday. A preliminary Reuters poll showed on Monday that U.S. crude oil and distillate inventories were expected to have risen last week by about 1.6
oil and gas industry is working to put forward policy roadmaps to encourage a robust, competitive American energy sector. New comments and policy plans from the Independent Petroleum Association of America, the AmericanPetroleumInstitute, the National Ocean Industries Association, and the American.
oil producers will meet with President Donald Trump next week, leading industry group the AmericanPetroleumInstitute said on Wednesday. Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry source told Reuters.
US oil inventories see major drawdown – API Data from the AmericanPetroleumInstitute showed on Wednesday that U.S. Trumps tariff plans were the biggest point of uncertainty for oil markets this year, as traders fretted over their economic impact and their effect on oil demand. oil inventories shrank by 4.24
(World Oil) –Leaders from the National Ocean Industries Association (NOIA), AmericanPetroleumInstitute (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.
billion on weaker refining and gas trading. PRODUCTION RISING Several members of OPEC+, which comprises the Organization of the Petroleum Exporting Countries and its allies, will suggest an acceleration of output hikes for a second consecutive month in June, sources told Reuters last week. OIL INVENTORIES U.S. EIA on Wednesday.
January 20, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023.
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