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  1. EIA: US crude inventories up 2.3 million bbl

    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2.3 million bbl during the week ended Jan. 13 compared with the previous week's total, according to the US Energy Information Administration’s Petroleum Status Report . At 485.5 million bbl, US crude inventories are near the upper limit of the average range for this time of year. EIA last week reported a 4.1 million-bbl rise for the week ended Jan. 6 ( OGJ Online, Jan. 11, 2017 ). Analysts and traders surveyed by the Wall Street Journal expected a 100,000-bbl rise for the week ended Jan. 13. In its own preliminary estimate, the American Petroleum Institute said crude stockpiles dropped 5 million bbl. Gasoline trending upward Total motor gasoline inventories rose 6 million bbl last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased. Distillate fuel inventories decreased 1 million bbl, but are above the upper limit of the average range for this time of year. Propane-propylene inventories fell 7.4 million bbl, but are in the upper half of the average range. Total commercial petroleum inventories dropped 2 million bbl. US crude refinery inputs during the week ended Jan. 13 averaged 16.5 million b/d, down 639,000 b/d from the previous week’s average. Refineries operated at 90.7% of their operable capacity. Gasoline production and distillate fuel production both declined to average 9 million b/d and 4.7 million b/d, respectively. US crude imports averaged 8.4 million b/d, down 674,000 b/d from the previous week’s average. Over the last 4 weeks, crude imports averaged 8.2 million b/d, up 4.5% from the same 4-week period last year. Total motor gasoline imports, including both finished gasoline and gasoline blending components, averaged 588,000 b/d. Distillate fuel imports averaged 152,000 b/d last week.

    Online Articles

    Online Articles

    Thu, 19 Jan 2017

  2. API: Keep NAAQS implementation to one set of ozone limits at a time

    The American Petroleum Institute urged the US Environmental Protection Agency to limit ground-level ozone controls implementation to one set of requirements at a time so that the Clean Air Act’s requirement to “insure that economic growth will occur in a manner consistent with the preservation of ...

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. EIA: US crude stockpiles gain 4.1 million bbl

    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 4.1 million bbl during the week ended Jan. 6 from the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report.

    Online Articles

    Online Articles

    Wed, 11 Jan 2017

  4. MARKET WATCH: NYMEX February contract settles below $51/bbl

    The light, sweet crude oil contract for February delivery dropped more than $1/bbl on the New York market Jan. 10, but prices were trading higher on early Jan. 11 pending release of the weekly US oil and products report.

    Online Articles

    Online Articles

    Wed, 11 Jan 2017

  1. API official lists policy areas for upcoming confirmation hearings

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  2. Foxx signs ANPR seeking comments on crude-oil vapor pressure idea

    US Sec. of Transportation Anthony Foxx has signed an advanced notice of possible rulemaking (ANPR) seeking government, industry, and public contributions on questions about establishing a vapor pressure threshold for crude oil as it is being transported.

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  3. PHMSA issues final rule aimed at improving liquids pipeline safety

    The US Pipeline & Hazardous Materials Safety Administration completed one of its top priority rulemakings for 2016 as Administrator Marie Therese Dominguez signed long-awaited safety requirements for onshore hazardous materials pipelines. The final rule makes critical safety improvements, PHMSA ...

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  4. Oil and Gas: Oil pipeline safety rule scaled back after cost objections

    President Barack Obama's administration scaled back new safety measures for the sprawling network of fuel pipelines that crisscross the United States on Friday, following oil industry complaints that proposed changes would cost companies billions of dollars.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  5. EIA: US crude inventories exited 2016 with 7.1 million-bbl drop

    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, declined 7.1 million bbl during the week ended Dec. 30, 2016, compared with the previous week’s total, the US Energy Information Administration reported.

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  6. BOEM denies G&G permit applications for South and Mid-Atlantic OCS

    The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been ...

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  7. Oil and Gas: Oklahoma's low fuel tax tempting target amid budget crunch

    Oklahoma's tax on gasoline and diesel, untouched since 1987 and among the lowest in the nation, is becoming a tempting target for state lawmakers desperate for revenue amid a third straight year of budget declines.

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  8. API’s Durbin applauds Senate approval of bill with harbor maintenance

    An American Petroleum Institute official expressed approval at the US Senate’s passing the Water Infrastructure Improvements for the Nation Act because it ensures that the Harbor Maintenance Trust Fund has the necessary resources to maintain US ports and harbors.

    Online Articles

    Online Articles

    Mon, 12 Dec 2016

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