News

WASHINGTON, March 16, 2012 – Total petroleum deliveries (a measure of demand) fell 2.3 percent this February compared with February 2011, pulled down by a decline in residual fuel oil (40.2 percent) and other oil (liquid petrochemical feedstocks, naphtha and gasoil) deliveries.  Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for December 2011 (latest available)

WASHINGTON, March 15, 2012 – The New Source Performance Standards for oil and natural gas production proposed by the Environmental Protection Agency (EPA) would significantly slowdown drilling, resulting in less oil and natural gas production, lower royalties to the federal government, and lower tax payments to state governments, according to a new study funded by the American Petroleum Institute.

WASHINGTON, March 13, 2012 – In remarks to reporters this afternoon, API’s Group Director for Upstream and Industry Operations Erik Milito said that administration policies were obstructing U.S. oil and natural gas development and contributing to today’s higher gasoline prices

WASHINGTON, March 12, 2012 - The American Petroleum Institute (API) filed a lawsuit with the D.C. Circuit Court challenging the Environmental Protection Agency’s (EPA’s) unachievable requirements for use of cellulosic biofuels in the 2012 Renewable Fuel Standard (RFS).

WASHINGTON, March 8, 2012 – API President and CEO Jack Gerard outlined policy proposals the Obama Administration can enact now to immediately put downward pressure on gasoline prices in a press conference call with reporters.

WASHINGTON, March 8, 2012 - API applauds bipartisan support of Amendment 1537 that would have authorized the building of the Keystone XL pipeline to bring more supply onto the market.

HOUSTON, March 7, 2012 - The Center for Offshore Safety’s governing board today announced Charlie Williams as the Executive Director to lead the Center on its ongoing commitment to the safe development of America’s vast deepwater offshore natural resources.

Washington, D.C., March 5, 2012 – Eighty percent of North Dakota voters favor more development of U.S. oil and natural gas resources, and similar numbers believe more oil and natural gas development would provide major benefits to the nation, including more U.S. jobs, according to a new poll released today.

Washington, D.C., March 5, 2012 – Seventy-three percent of Ohio voters favor more development of U.S. oil and natural gas resources, and similar numbers believe more oil and natural gas development would provide major benefits to the nation, including more U.S. jobs, according to a new poll released today.

Washington, D.C., March 5, 2012 – Eighty percent of Virginia voters favor more development of U.S. oil and natural gas resources, and similar numbers believe more oil and natural gas development would provide major benefits to the nation, including more U.S. jobs, according to a new poll released today.