News

WASHINGTON, Nov. 13, 2007 – Energy legislation pending in Congress likely would have significant adverse effects on the economy and consumers – including nearly 5 million lost jobs and $1 trillion in lost economic output, according to a report released today by API.

BEIJING, November 6, 2007 – API today officially opened its Beijing representative office at a ceremony attended by government officials, industry leaders and other guests at the Ritan Inn House in Beijing.

WASHINGTON, October 22, 2007 – U.S. drilling estimates for the third quarter of 2007 are at twice the level of third quarter drilling activity recorded during the 1990s and the first nine months of U.S. drilling estimates haven’t been this high since 1985, API data show.

WASHINGTON, October 17, 2007 – Despite a slowdown in September, U.S. fuel production for the year to date continued its record pace while September’s demand for refined products rose, as measured by deliveries from primary storage, API data show.

WASHINGTON, September 19, 2007 – With heating oil season just a couple months away, U.S. distillate inventories began September at their highest level since January but they remain more than eight percent below year-ago levels, API data show.

WASHINGTON, September 19, 2007 – Who owns ‘Big Oil?’ It’s not who you think. As Congress debates national energy policy, a new study finds that ownership of oil and natural gas company shares is made up of a broad cross section of Americans.

Washington, August 30, 2007 -- The Federal Trade Commission today issued a Report on Spring/Summer 2006 Nationwide Gasoline Price Increases.

WASHINGTON, August 15, 2007 – U.S. refineries boosted utilization rates in July to 90.8 percent, the highest rate since last September. This contributed to industry production of gasoline that, at 9.325 million barrels per day, surpassed June’s all-time record; and to a record combined output of all major products of 15.6 million barrels per day, according to the latest API Monthly Statistical Report.