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Financials and Investment News in United States

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...
API Weekly Gasoline Update
9/8/2005 - The average U.S. retail price for regular-grade gasoline on Monday, September 5, reached a record high of $3.069 per gallon, over $3 for the first time. This was up 45.9 cents from last week’s retail ...
API Addresses Congress on Impact of Katrina
9/7/2005 - In the aftermath of Hurricane Katrina, American Petroleum Institute President Red Cavaney today urged Congress to facilitate bringing American consumers greater energy reliability by encouraging furth...
API Statement, Hurricane Katrina
8/29/2005 - The American Petroleum Institute issued the following statement concerning the impact of Hurricane Katrina on petroleum industry operations: “To ensure safety, the industry has moved employees from so...
Petroleum Facts At A Glance, August 2005
8/17/2005 - U.S. petroleum imports (crude & products) in July were 13,364,000 barrels per day (b/d); imports in the same month last year were 13,570,000 (b/d). (API). Total imports in July as a percentage of tota...
Update To Congress On Fuel Prices From API
7/28/2005 - Dear Member of Congress:
We are entering the final weeks of the summer driving season, and I thought an update on fuel prices and the status of our industry’s infrastructure in the storm-hit Gulf...
FYI On Gasoline
6/28/2005 - Higher crude prices reflected at the pump
The cost of gasoline is closely linked to the price refiners pay for crude oil because it is the principal cost component of a gallon of gasoline,...
ExxonMobil Announces Sale of Sinopec Shares
3/1/2005 - Exxon Mobil Corporation today announced that it has completed the sale of its 3.7 percent stake in China Petroleum and Chemical Corporation ("Sinopec"). The selling process commenced after close o...

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