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Subscribers to API’s Weekly Statistical Report to receive historical data adjusted to meet upcoming EIA inventory reporting guidelines

WASHINGTON, September 23, 2016 – Starting Oct. 13, the U.S. Energy Information Administration (EIA) will no longer include crude oil lease stocks in the U.S. total commercial crude inventory data series. This change, recently announced as a requirement by the EIA, will exclude oil that is stored in tanks on lease lands where production is taking place prior to being transferred for commercial stock storage. Lease stocks currently amount to nearly 31 million barrels of oil.

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EPA’s new ozone rule flawed, hampers states

WASHINGTON, September 19, 2016 – EPA’s new ozone regulation, the Exceptional Events Rule, does not correctly attribute ozone precursor emissions that are not man-made, and could hamper states’ abilities to meet air quality standards, according to API Senior Director of Regulatory & Scientific Affairs Howard J. Feldman. API and many states have expressed these concerns.

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Petroleum demand rose in August (includes monthly statistical report)

WASHINGTON, September 16, 2016 – Total petroleum deliveries in August moved up by 1.6 percent from August 2015 to average 20.1 million barrels per day. These were the highest August deliveries in nine years, since 2007.

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