WASHINGTON, October 1, 2018 – The American Petroleum Institute released the following statement after the Trump Administration announced that Canada has joined an agreement with the United States and Mexico to form the United States, Mexico, and Canada Agreement (USMCA):
WASHINGTON, September 20, 2018 – Today the American Petroleum Institute released its industry outlook for the third quarter of 2018. The report shows the U.S. celebrated another new record for crude oil production of 10.8 million barrels per day (MBD) over the past two months. but U.S. petroleum exports decreased by 1.3 million barrels per day since June. The overall United States’ petroleum trade balance went from net imports of 2.9 MBD in June to 4.54 MBD in August, which is more than a 56 percent increase in two months.
WASHINGTON, September 17, 2018 – API released the following statement regarding the additional round of tariffs announced today by the White House, underscoring the negative impacts that a continued escalation of the trade dispute with China will have on American economy and consumers:
WASHINGTON, September 12, 2018 – The American Petroleum Institute joined the Americans for Free Trade coalition, a multi-industry initiative launched today and backed by over 80 leading trade associations from across the country:
WASHINGTON, August 27, 2018 – The American Petroleum Institute released the following statement regarding an announcement that the Trump Administration has reached a preliminary agreement between the United States and Mexico to update the North American Free Trade Agreement (NAFTA):
WASHINGTON, August 21 – API emphasized the counterproductive effects of Section 301 tariffs on America’s natural gas and oil sector, underscoring the damaging impact that Chinese retaliatory tariffs would have on U.S. LNG exports, and urged the Administration not to impose additional tariffs on Chinese products at today’s hearing before the U.S. Trade Representative on Section 301.
WASHINGTON, August 3, 2018—API released the following statement regarding China’s announcement it intends to impose new retaliatory tariffs on U.S. liquefied natural gas (LNG) in addition to retaliatory tariffs on crude oil, refined products, and petrochemicals
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What They Are Saying: Concern grows among U.S. businesses and consumers about the impacts of tariffs
WASHINGTON, July 17, 2018 – API believes the Department of Commerce’s ruling to deny product exclusions from Section 232 tariffs on imported steel could have negative consequences for America’s natural gas and oil industry and consumers that depend on affordable energy. Yesterday’s decision denies a product exclusion for a U.S. natural gas and oil company despite a lack of domestic capacity to manufacture the product to the company’s exact specification.
WASHINGTON, July 13, 2018 – API today expressed disappointment in the administration’s latest action to deny exclusions from Section 232 tariffs on imported steel used in certain parts of oil and natural gas industry operations, a misguided decision that could impact American energy production and American jobs.