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Energy Tomorrow Blog

Continued Progress Seen in Petroleum Demand

petroleum  demand  oil markets  growth 

Dean Foreman

Dean Foreman
Posted September 11, 2020

While oil markets remain concerned over the outlook for petroleum demand – see John Kemp’s piece arguing there’s lost momentum – a number of important indicators of transportation and industrial activity corroborate API’s primary data suggesting a more nuanced landscape while also supporting the view that genuine progress has recently been achieved.  

Since petroleum demand has remained a solid indicator of economic activity, the information has broad applicability to everyone who is concerned with what’s happening now.  And for those of us in the industry, accurate and timely data are essential to the flow of real activities and investment dollars.

From here it looks like oil markets have been relatively impatient, having anticipated a continued tightening as demand has recovered and supply declined. The challenge is managing expectations for the rate of recovery.

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U.S. Petroleum Markets Continue Their Comeback in June

monthly-stats-report  petroleum  production 

Dean Foreman

Dean Foreman
Posted July 16, 2020

Although we have a long way to go for U.S. petroleum markets to recover to pre-pandemic levels, the comeback broadly continued in June as state economies re-opened despite ongoing challenges with COVID-19. This is seen in API’s Monthly Statistical Report (MSR) for July. 

With the daily news flow about COVID-19 – from America Shuts Down Again to More Than Half of States Trending Poorly – it has been challenging for oil markets to discern what’s actually happening. The MSR provides the most timely and comprehensive snapshot of U.S. markets for crude oil and major refined products, based on weekly surveys of up to 90% of the industry.

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New Logo Reflects API’s Future Focus, Collaborative Path to Finding Solutions

american petroleum institute  energy future 

Megan Barnett Bloomgren

Megan Bloomgren
Posted July 13, 2020

Strong, bold and fresh. API’s new logo is all of these and more – reflecting our industry’s laser-focus on the future, innovation and the evolving role of natural gas and oil in taking us on the journey:

API represents women and men who work every day to find 21st-century energy solutions – dependable, adaptable and cleaner – to power our country forward. We’re excited to unveil this logo, a visual identity, which we believe will associate our workers and what they do with ingenuity, community and progress.


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Patagonia and Petroleum

petroleum products  consumers  power-past-impossible 

Mark Green

Mark Green
Posted April 16, 2019

Patagonia’s limiting sales of its popular vests, excluding corporate clients judged not to be onboard with the outdoor clothier’s environmental and climate positions, apparently including natural gas and oil (see the last few sentences in this tweeted email from a certified Patagonia seller) – seems odd and inconsistent, given how much petroleum is used to make those products.

More on that below. First, let’s point out that, contrary to Patagonia’s impression of the natural gas and oil, our industry cares a great deal about environmental and climate progress – even as it supplies the energy that empowers modern life and growth in the United States. We need both, and they’re not mutually exclusive.

In this 21st century economy, Americans want access to affordable energy. You need energy for prosperity, mobility and good health, and Industry is committed to developing that energy safely and responsibly.

At the same time, industry is leading in important environmental and climate progress, by producing record amounts of clean natural gas – the chief reason U.S. energy-related carbon dioxide emissions have fallen to their lowest levels in a generation.


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Talking Turkey, Barbeques and Abundant U.S. Propane

consumers  natural gas  petroleum products  liquid fuels 

Dean Foreman

Dean Foreman
Posted April 10, 2019

Connecting the renaissance in U.S. energy exports and chemical production with barbeques and turkey might not seem automatic, but hear me out. Thanks to the U.S. energy revolution, propane that’s widely used as a fuel for vital heating and cooking has never been more abundant and affordable.

Certainly, the need for affordable energy – available on-demand when and where you need it – is universal and something people I met recently during travels from Washington, D.C. to Minnesota and the Gulf Coast are talking about.   


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Petroleum Exports Retreat Suggests Global Economic Weakness

petroleum products  refineries  exports  economic growth  energy production 

Dean Foreman

Dean Foreman
Posted February 14, 2019

API’s Monthly Statistical Report (MSR), based on January data, is a good news/challenging news proposition.

First the good. January data tell us the U.S. has never produced more oil (11.9 million barrels per day, mb/d) and natural gas liquids (4.9 mb/d). 

At the same time, U.S. refineries ran at their highest rates (93 percent capacity utilization) and produced the most they ever have for the month of January (17.3 mb/d). Moreover, domestic gasoline demand also was the greatest on record for the month of January (8.9 mb/d). These are terrific milestones. ... But some interesting challenges also emerged.

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U.S.-Canada-Mexico Agreement Supports U.S. Energy

trade  oil and natural gas  petroleum products  mexico  canada  us energy security 

Mark Green

Mark Green
Posted October 3, 2018

Announcement of the United States, Mexico and Canada Agreement (USMCA) – locking in Canada and Mexico as our nation’s closest trading partners – is good news for the U.S. energy renaissance. Attention now turns to Congress, which should ratify the deal....

Because zero or reduced tariffs, market access between the three countries and trade liberalization all worked to the benefit of U.S. energy under NAFTA, our industry’s chief goal was an updated agreement was to keep in place features that have supported U.S. energy. USMCA does that – and Americans will be the beneficiaries.


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ET Blog Moves to API.org Aug. 20

american petroleum institute  api  energy tomorrow 

Mark Green

Mark Green
Posted August 7, 2018

You’ve probably noticed some changes to API’s social media channels. The messages on Facebook and Twitter are the same, but we're streamlining your access to news, analysis and commentary on natural gas and oil issues, which we believe will foster even more conversation about energy.

Beginning Aug. 20, there’ll be another change: The Energy Tomorrow Blog will move to API.org as we pull together primary API content on our home website. 

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API Q2 Industry Outlook: The Tide Turns

american petroleum institute  economics  oil and natural gas production 

Dean Foreman

Dean Foreman
Posted June 21, 2018

The API Industry Outlook for the second quarter of 2018 is one of the things that’s new at API.  If you follow energy markets, you’ll appreciate an incisive view of the economy at home and abroad as well as markets for crude oil, natural gas and petrochemicals. 

Beyond nice-to-know “macro factors,” here are things to know and understand about trade barriers that could affect economic activity and prices where you work and live.

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CERAWeek Update: The Case for Petroleum

petroleum  social-license-to-operate  cera 

Mark Green

Mark Green
Posted March 6, 2018

On Oil Day at the IHS CERAWeek conference, some big names affirmed the relevancy of natural gas and oil, to the United States and the world, for the foreseeable future – with the president and CEO of Saudi Aramco pushing back a little against those who argue that the world should abandon oil and natural gas for alternative energies.

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