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Financials and Investment News in United States

API Monthly Statistical Report for May 2006
6/14/2006 - Total petroleum deliveries slipped 0.8 percent in May compared with one year earlier, with a sharp decline for gasoline deliveries more than offsetting gains for distillate, jet fuel and residual fuel...
API: FTC Finds “No Instances Of Illegal Market Manipulation”
5/22/2006 - The American Petroleum Institute today issued the following statement regarding a Federal Trade Commission’s report that found "no instances of illegal market manipulation" to influence gasoline price...
Nineteen Pipeline Companies Join Public Awareness Survey Program
5/3/2006 - Nineteen pipeline companies representing 140,000 miles of the nation’s pipelines have signed up for the API/INGAA/AOPL public awareness survey program. The survey program is a response to new federal...
Physical Markets and Oil Prices
5/1/2006 - The world consumes more than 85 million barrels of oil per day. This supply comes from oil fields (or reserves) located around the world, produced by thousands of companies. The largest sources of sup...
Financial Markets and Crude Oil Prices
5/1/2006 - Over the last 25 years, the global oil industry has seen a transformation in the contractual structures used to purchase and sell crude oil. A market structure formerly based on rigid long-term, comme...
U.S. Refining Sector
5/1/2006 - Crude oil needs to be refined in order to produce the gasoline and other products demanded by consumers. Refining a barrel of crude oil involves a series of complex processes. The first stage for a...
Distribution and Marketing
5/1/2006 - Distribution and marketing of petroleum products represent the third segment of the petroleum supply chain. They involve the movement of refined products – gasoline, diesel, heating oil, kerosene, and...
International Crude Oil Market
5/1/2006 - Oil is the world economy’s most important source of energy and is, therefore, critical to economic growth. Its value is driven by demand for petroleum products, particularly in the transportation sect...
API Monthly Statistical Report for March 2006
4/21/2006 - With the end of the federal oxygen mandate approaching, API data show a noticeable movement towards greater use of ethanol in gasoline. For example, by the first week of April, the ethanol-blended pro...
U.S. Oil, Gas Drilling Activity Rises In First Quarter
4/12/2006 - Estimated completions of U.S. oil wells, natural gas wells and dry holes increased by 9 percent in the first quarter of 2006 compared with the same period of 2005, the American Petroleum Institute rep...
API Monthly Statistical Report for February 2006
3/16/2006 - Total domestic deliveries in February showed a modest, year-to-year rise of 0.5 percent, with increases for gasoline and distillate fuel oil being moderated by declines for other products. Gasoline de...
Chevron Outlines Future Growth in Upstream, Natural Gas and Downstream
3/7/2006 - Chevron Corporation has outlined a five-year plan for sustained growth, updating its progress on an extensive queue of major oil and natural gas development projects, exploration successes, newer tech...
Exxon Mobil Corporation Announces 2005 Reserves Replacement
2/15/2006 - Exxon Mobil Corporation announced that additions to its worldwide proved oil and gas reserves totaled 1.7 billion oil-equivalent barrels in 2005, excluding the effects of using single-day, year-end pr...
API Monthly Statistical Report for January 2006
2/15/2006 - Unusually warm weather during January depressed demand for heating fuels, but failed to create any real increase in gasoline sales, according to the API Monthly Statistical Report. Economic growth, ho...
Year-End 2005 API Monthly Statistical Report
1/19/2006 - Higher oil prices due to tight global crude oil markets and Gulf Coast hurricane damage led to lower U.S. demand and record product imports in 2005, the American Petroleum Institute reported today in ...
API: The Market is Working
11/9/2005 - The nation’s oil and natural gas industry is working hard to return to normal operations following the devastation of back-to-back hurricanes, the American Petroleum Institute told Congress today. Tho...
API Monthly Statistical Report for September 2005
10/19/2005 - Motorists apparently found ways to manage fuel use and travel more efficiently in the face of higher September gasoline prices following Hurricanes Katrina and Rita striking along the U.S. Gulf Coast,...
API Updates Congress on Restoring Industry Operations
10/6/2005 - Hurricane Rita struck the Gulf Coast region just as millions of Americans were coping with Katrina’s catastrophic impacts. Our industry was also hit hard by this once-in-a-century natural disaster, bu...
API Hurricane Update September 26, 2005
9/26/2005 - As of this morning, 23.4 percent of the nation’s refinery capacity was off-line. Another 3 percent of U.S. capacity was operating under reduced runs. Most of the refineries in the hurricane’s path wer...
API Weekly Diesel Update
9/8/2005 - U.S. retail diesel prices rose 30.8 cents last week, the largest week-to-week increase recorded since the Energy Information Administration started the survey. The national average for diesel (includi...

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