WASHINGTON, January 26, 2018 – Total petroleum deliveries in December rose to 20.7 million barrels per day. This was the strongest December monthly demand in the last decade. For 2017, total domestic petroleum deliveries rose by 1.0 percent year-on-year, despite oil prices that rose over the second half of the year. U.S. oil production also continued to increase in December to 9.75 million barrels per day (MBD), a 47-year high, while U.S. exports of crude oil and refined products – up by nearly 1.0 MBD for 2017 – set new records.
COLUMBUS, Ohio – January 25, 2018 – Following proponent testimony offered today in the Senate Public Utilities Committee hearing on bailout legislation for nuclear plants, API Ohio called on FirstEnergy and its supporters to stop promoting a bailout of uncompetitive nuclear power plants by misleading Ohioans about the benefits that natural gas brings to consumers.
Boston, January 18, 2018 – A new ISO New England study finds that there is over an 80 percent chance that some or all of New England faces rolling blackouts in the near future based on multiple modeling scenarios. New England Petroleum Council Executive Director Steve Dodge said the findings from the new report are troubling news for New England families.
WASHINGTON, January 18, 2018 – Millennials are seeking work in the natural gas and oil industry at increasing rates and will account for nearly 41 percent of the workforce – a 20 percent increase – by 2025, according to a new IHS Markit study commissioned by the American Petroleum Institute.
WASHINGTON, January 17, 2018 – After 10 years running one of Washington’s most influential associations covering all aspects of the oil and natural gas sector, API President and CEO Jack Gerard announced he will not make another long-term commitment to API and will step down when his current contract ends in August 2018. Until then, he will continue to direct the association’s work and assist in the search for a new CEO.
COLUMBIA, January 17, 2018 – API today announced Mark Harmon as the South Carolina Petroleum Council Executive Director.
WASHINGTON, January 10, 2018 – API New York Executive Director Karen Moreau released the following statement on New York Mayor Bill de Blasio’s announcement to divest the city’s pensions from oil and natural gas.
WASHINGTON, January 10, 2018 – API President and CEO Jack Gerard released the following statement on Interior Secretary Zinke’s announcement to remove the Eastern Gulf of Mexico from the recently released five-year offshore oil and natural gas leasing plan.
WASHINGTON, January 9, 2018 – API President and CEO Jack Gerard delivered the following speech at today’s 2018 State of American Energy event. Below are Gerard’s remarks as prepared for delivery. To view the remarks online, please click here. Also, to view the video that was debuted at today’s event, click here.
COLUMBIA, January 4, 2018 – David McGowan, Southern Region Director of the American Petroleum Institute (API), today welcomed the Interior Department’s new five-year offshore oil and natural gas leasing plan, which puts South Carolina on the right track towards greater energy production, new jobs and economic growth.