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  1. EIA: US crude stockpiles fall 2.4 million bbl

    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 2.4 million bbl during the week ended Dec. 2 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report . At 485.8 million bbl, US crude inventories are at the upper limit of the average range for this time of year. For the week ended Nov. 25, EIA reported a 900,000-bbl decrease in US crude stockpiles ( OGJ Online, Nov. 30, 2016 ). Analysts surveyed by the Wall Street Journal expected a drop of 900,000 bbl for the week ended Dec. 2. The American Petroleum Institute’s own data showed a 2.2 million-bbl decline for the week. Gasoline inventories build Total motor gasoline inventories during the week ended Dec. 2 increased 3.4 million bbl, and are well above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased. Distillate fuel inventories rose 2.5 million bbl, and are above the upper limit of the average range for this time of year. Propane- propylene inventories fell 1.5 million bbl, but are near the upper limit of the average range. Total commercial petroleum inventories increased 1.4 million bbl. US crude refinery inputs last week averaged 16.4 million b/d, up 134,000 b/d from the previous week’s average. Refineries operated at 90.4% of their operable capacity. Both gasoline and distillate fuel production decreased last week to 9.9 million b/d and 5.1 million b/d, respectively. US crude imports averaged 8.3 million b/d, up 755,000 b/d from the previous week’s average. Over the last 4 weeks, crude imports averaged about 8 million b/d, an increase of 5.9% from the same 4-week period last year. Total motor gasoline imports, including both finished gasoline and gasoline blending components, averaged 652,000 b/d. Distillate fuel imports averaged 106,000 b/d last week.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  2. US Army denies Dakota Access crude oil pipeline’s Lake Oahe easement

    The US Department of the Army will not approve an easement that would allow the proposed Dakota Access crude oil pipeline to cross under Lake Oahe in North Dakota, Army Asst. Sec. for Civil Works Jo-Ellen Darcy announced on Dec. 4. American Petroleum Institute Pres. Jack N. Gerard immediately ...

    Online Articles

    Online Articles

    Mon, 5 Dec 2016

  3. Oil Pipeline: Trump not saying what he'll do about Dakota Access pipeline

    Industry leaders are urging President-elect Donald Trump to make approval of the disputed Dakota Access oil pipeline a "top priority" when he takes office next month, while opponents who have protested the project for months are vowing to stay put on their sprawling North Dakota encampment despite ...

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  4. Oil and Gas: Obama stays busy on environmental front in final weeks

    Citing fears of a Donald Trump presidency, environmental groups are urging President Barack Obama to stay busy in his final weeks.

    Online Articles

    Online Articles

    Fri, 2 Dec 2016

  1. EIA: US crude stockpiles shed 900,000 bbl

    Online Articles

    Online Articles

    Wed, 30 Nov 2016

  2. Obama stays busy on energy policy in final weeks

    Citing fears of a Donald Trump presidency, environmental groups are urging President Barack Obama to stay busy in his final weeks 

    Online Articles

    Online Articles

    Thu, 1 Dec 2016

  3. Senate panel splits on cause of renewable fuel quota shortfalls

    A US Senate Homeland Security and Government Affairs subcommittee divided over two reports the Government Accountability Office issued 2 days earlier about the US biofuels industry’s ability to produce enough supplies to meet future Renewable Fuel Standard (RFS) quotas and to reach the RFS’s ...

    Online Articles

    Online Articles

    Fri, 2 Dec 2016

  4. Oil and Gas: Drill, baby, drill? Election reignites offshore-oil debate

    The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president.

    Online Articles

    Online Articles

    Thu, 24 Nov 2016

  5. MARKET WATCH: OPEC freeze speculation keeps oil prices volatile

    Crude oil prices on the New York market on Nov. 22 relinquished some of the gains—and some of the accompanying optimism for an output limit from members of the Organization of Petroleum Exporting Countries—that came during the previous two trading sessions. The downward trend continued early Nov. ...

    Online Articles

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    Wed, 23 Nov 2016

  6. EPA releases final 2017 renewable fuel quotas, draws industry fire

    The US Environmental Protection Agency announced final renewable fuel quotas for 2017 that increased volume requirements from 2016 levels under the federal Renewable Fuel Standard. The American Petroleum Institute and American Fuel & Petrochemical Manufacturers each criticized the Nov. 23 move, and ...

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    Online Articles

    Wed, 23 Nov 2016

  7. API: US petroleum demand rose in October

    Total US petroleum deliveries, a measure of petroleum demand, moved up 3% in October from a year ago to average 20.1 million b/d, according to data from the American Petroleum Institute . This level was the highest October deliveries since 2007.

    Online Articles

    Online Articles

    Fri, 18 Nov 2016

  8. API-commissioned study backs EPA’s fracing, drinking water findings

    The US Environmental Protection Agency’s original conclusions that no studies or data have indicated a widespread, systematic effect on drinking water resources as result of hydraulic fracturing are correct, a study commissioned the American Petroleum Institute found.

    Online Articles

    Online Articles

    Thu, 17 Nov 2016

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