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Petroleum demand last month highest for June since 2007 (includes monthly statistical report)

WASHINGTON, July 27, 2017 – Total petroleum deliveries moved up 2.6 percent from June 2016 and were up by 1.0 percent from May to average 20.3 million barrels per day in June. These deliveries were the highest deliveries for the year and the highest deliveries for the month of June in 10 years, since 2007. For the second quarter, total domestic petroleum deliveries increased 3.0 percent compared to the second quarter 2016. For year to date, total domestic petroleum deliveries increased 1.6 percent compared to the same period last year.

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API-PA: Senate tax hike is an assault on Pennsylvania families

HARRISBURG, Pa., July 27, 2017 – API Pennsylvania (API-PA) responded to the Senate’s proposal to raise taxes on Pennsylvania’s natural gas industry.

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API welcomes Senate support for U.S. offshore energy development

WASHINGTON, July 26, 2017 – API welcomed a letter sent today by 36 U.S. Senators to Interior Secretary Zinke in support of the safe and environmentally responsible development of our nation’s offshore energy resources as the administration begins developing a new five-year offshore oil and natural gas leasing program.

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Opposing offshore energy development hurts North Carolina workers, consumers, and businesses

RALEIGH, July 20, 2017 – North Carolina Petroleum Council Executive Director David McGowan issued the following statement in response to Governor Cooper’s announcement today opposing offshore energy development and the benefits it would bring to North Carolina consumers and businesses.

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API applauds House action to bolster U.S. energy infrastructure, promote jobs

WASHINGTON, D.C., July 19, 2017 – API applauded action by the U.S. House of Representatives to approve legislation that would streamline the FERC permitting process for the construction and approval of natural gas pipelines.

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API honored to lead committee to host 2020 World Petroleum Congress in Houston

WASHINGTON, D.C., July 19, 2017 – API with the support of its member companies is honored to join Houston Mayor Sylvester Turner in leading the U.S. National Committee of the World Petroleum Council as it hosts the 2020 World Petroleum Congress in Houston. This prestigious global event is an opportunity for industry and government leaders to discuss the advances in energy technologies and their benefits around the world. 

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API and a business coalition of more than 140 organizations call on Congress to pass ozone relief legislation

WASHINGTON, July 18, 2017 – The American Petroleum Institute and a coalition of 146 associations and businesses representing a broad cross-section of U.S. industries signed a letter sent today to Congressional leadership affirming strong support for the Ozone Standards Implementation Act of 2017. The House is scheduled to vote on the bill later today.

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API: Modernizing NAFTA to strengthen North American energy markets will benefit consumers

WASHINGTON, July 17, 2017 – API President and CEO Jack Gerard was pleased to see the administration’s recommendations for modernizing the North American Free Trade Agreement (NAFTA) seek to preserve and strengthen North American energy markets and its benefits for consumers.
 


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API: Oil and natural gas drilling sees 62 percent increase over 2016 levels

WASHINGTON, July 12, 2017 – API today announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62 percent compared to the second quarter of 2016. This includes a 41 percent increase in estimated development gas well completions and a dramatic 81 percent increase in total estimated oil well completions from year-ago levels. Total estimated oil well completions also increased 19 percent from the first quarter of 2017. Growing well completion figures could lead to an increase in U.S. oil production, which rose 62 percent from 2010 to 2016, and U.S. natural gas production which, also increased 26 percent during the same time.

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API Welcomes EPA Reconsideration of 2016 Emissions Rule

WASHINGTON, July 10, 2017 – API today reiterated its support for cost-effective regulation that target emissions of volatile organic compounds – which provide the co-benefit of methane emissions reductions – from natural gas operations. API comments came at an EPA hearing on its New Source Performance Standards (NSPS) rule where EPA received testimony on extending compliance deadlines to allow EPA to revisit the NSPS regulations finalized in 2016.

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