American Petroleum Institute

Oil and gas trade group applauds U.S. Supreme Court’s ruling on EPA’s Good Neighbor Rule

June 28, 2024

World Oil (WO) — The American Petroleum Institute (API) released a statement from API Senior Vice President and General Counsel Ryan Meyers applauding the U.S. Supreme Court’s decision to stay the U.S. Environmental Protection Agency’s (EPA) ‘Good Neighbor Rule,’ ensuring the oil and gas industry can continue to provide affordable, reliable energy to American consumers at a time of persistent

Oil and gas, trucker, agriculture trade groups unite to fight EPA’s “unworkable” emissions rule for heavy-duty vehicles

June 21, 2024

World Oil (WO) – The American Petroleum Institute (API) filed a lawsuit in the D.C. Circuit Court of Appeals challenging the U.S. Environmental Protection Agency’s (EPA) heavy-duty (HD) vehicle emissions standards for model years (MY) 2027-2032. “Today, we are standing up for consumers who rely on trucks to deliver the goods they use every single day,” said API Senior Vice

Oil drops more than $1/bbl as OPEC+ decision spotlights shaky demand

June 4, 2024

Yahoo Finance HOUSTON – Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low reached on Monday, Brent crude futures were down $1.11, or 1.4%, at $77.25

American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions

March 25, 2021

CNBC The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares to unveil a sweeping infrastructure proposal focused on curbing greenhouse gas emissions and transitioning to clean energy. In a virtual meeting

U.S. EPA moves to curb state powers to deny permits for energy projects

June 1, 2020

Reuters WASHINGTON – U.S. Environmental Protection Agency chief Andrew Wheeler signed on Monday a rule limiting state powers to block energy infrastructure projects, setting up a fight with some Democratic governors who say Washington is stripping their ability to protect their states’ interests and combat climate change. The move comes as the Trump administration grows increasingly frustrated with left-leaning states

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

August 20, 2019

From Reuters Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand. Brent crude LCOc1 settled 29 cents, or 0.5%, higher at $60.03 a barrel, while U.S. crude CLc1 rose 13 cents to $56.34 a

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

August 13, 2019

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

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

August 6, 2019

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

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