American Petroleum Institute

  • Natural Gas
    API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    The American Petroleum Institute(API) is venturing headlong into the political arena as the 2020 presidential election approaches. Mike Sommers, the institute’s CEO Tuesday, said the oil and gas trade hopes that it can remind Americans of how the deal benefits them as some leading presidential contenders and their followers claim the planet would be better off if the usage of…

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  • Crude Oil
    Oil Spikes After API Reports Huge Crude Inventory Draw of the Year

    Oil Spikes After API Reports Huge Crude Inventory Draw of the Year

    The American Petroleum Institute (API) reported an abundant crude oil stock draw of 10.961 million barrels for the week ending July 18, compared to analyst expectations of a much smaller—but significant–4.011-million-barrel draw. The inventory draws this week compares to last week’s small draw of 1.401 million barrels, according to the API. A day later, the EIA had estimated a first…

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