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API welcomes repeal of uncertain, harmful ONRR valuation rule

WASHINGTON, March 24, 2017 – API Upstream and Industry Operations Group Director Erik Milito welcomed the Interior Department’s Office of Natural Resources Revenue (ONRR) plan to repeal its regulation on valuing royalties from oil and natural gas produced on public lands due to the rule’s lack of certainty, clarity and consistency.

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API's Gerard welcomes federal approval of the Keystone XL pipeline

WASHINGTON, March 24, 2017 – API President and CEO Jack Gerard welcomed the State Department’s approval of the cross-border permit needed for the advancement of the Keystone XL pipeline. 

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Petroleum demand last month highest for February since 2008 (includes monthly statistical report)

WASHINGTON, March 23, 2017 – Total petroleum deliveries in February moved up 0.1 percent from February 2016 to average 19.7 million barrels per day. These were the highest February deliveries in nine years, since 2008. Compared with January 2017, total domestic petroleum deliveries, a measure of U.S. petroleum demand, also increased 2.2 percent. For year to date, total domestic petroleum deliveries increased 0.7 percent compared to the same period last year.

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