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 […]
(WO) — The American Petroleum Institute and Energy Workforce & Technology Council joined with 17 energy trade groups representing all sectors of the U.S. natural gas and oil industry in calling on the Biden administration […]
Both WTI and Brent dropped in early trading on Wednesday before recovering as traders weigh economic concerns and tightening supply. The API reported a draw in crude and gasoline inventories which, if confirmed by the […]
WASHINGTON, July 5, 2023 — The American Petroleum Institute (API) joined with the American Exploration and Production Council (AXPC), Montana Petroleum Association (MPA), New Mexico Oil and Gas Association (NMOGA) and Utah Petroleum Association (UPA) […]
Oil prices dipped lower today, back to basically unchanged since Saudi’s production cuts were announced as persistent economic uncertainty weighs on the outlook for demand. Saudi Arabia’s production cuts “will take some supply off the […]
Oil futures gained slightly on Thursday, even in the face of recession fears as a sharp decline in U.S. retail sales and manufacturing output muddied the outlook for demand, while industry data showing a surprise […]
Flip-flopping headlines from OPEC+ leaks and China COVID restrictions prompted a volatile day in crude markets today but WTI ended higher. OPEC+ does “not like contango and that is what has raised market expectations of […]
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as the Department of Energy released […]
Oil prices declined as investors considered the progress in last-ditch talks reviving the 2015 Iran nuclear deal, which would allow Iranian crude exports to flow into the tight Western markets. West Texas Intermediate fell 0.36% […]
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes as the Department of Energy […]
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