Tag: American Petroleum Institute

Energy, Industries

Crude Oil Surges Past $80 Per Barrel as USD/CAD Plummets. EIA Data on Tap

January 12, 2022

Via: DailyFX

Crude oil prices rose sharply overnight, smashing through $80.00 per barrel as the commodity continued its ascent from the multi-month December low. A weaker US Dollar provided an additional tailwind for WTI prices after Federal Reserve Chair Jerome Powell affirmed […]

Energy, Industries

American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions

March 25, 2021


The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares […]

Energy, Industries

Oil retreats as traders pencil in inventory rise, Russia casts doubt on deeper output cuts

October 29, 2019

Via: Market Watch

Oil futures were under pressure Tuesday for a second day in a row, pressured by expectations for a rise in U.S. inventories and remarks that cast doubt on Russia’s enthusiasm for deeper production cuts as part of its agreement with […]

Energy, Industries

Oil heads for fifth straight gain, buoyed by expected drop in U.S. stockpiles

July 10, 2019

Via: Market Watch

Oil prices shot higher Wednesday, working toward a string of five uninterrupted daily gains, as preliminary U.S. data showed a larger-than-expected drop in supply. The price gain was also due to several companies having “evacuated and reduced production at their […]