American Petroleum Institute

Crude oil prices were trading under pressure on Wednesday after the COP28 climate summit ended with a historic agreement to shift away from fossil fuels and increase commitments to renewable energy sources. Nymex WTI, the U.S. benchmark crude futures contract, was trading flat at $68.72 a barrel in...

Global oil prices fell on Monday after COP28 president Sultan Al Jaber hit back at criticisms of comments he made before the climate summit about scientific evidence of the need to phase down the use of fossil fuels. In an online event in November, Al Jaber had reportedly remarked there was “...

On January 30, a motion was introduced to the House of Representatives to rescind a measure included in 2010's Dodd-Frank financial reform applying to the disclosure of payments made by oil, gas and mineral companies to foreign governments. The motion was taken on by pro-business and...

The price of US WTI crude oil closed for trading on Tuesday above the $50 per barrel mark for the first time since July. The commodity continued to trade higher early Wednesday morning and was seen trading above the $51 per barrel handle. The last time WTI crude futures traded near the $51 per...

America Petroleum Institute wants candidates to outline their pro-energy vision for America. API says it’s about the economy and jobs and candidate positions matter Key statistics indicate a one-cent drop in the price of gas saves Americans a billion dollars. With nearly everyone –...

Brent crude oil was steady above $86 on Wednesday morning as investors awaited the results of the Federal Reserve’s two-day policy meeting. The commodity traded at $86.47 at 7:45 GMT with the bank set to wrap up and deliver its forward guidance later in the day. The Federal Open Market...

Brent crude oil remained below $100 on Wednesday with market oversupply weighing on prices. The commodity traded at $99.21 at 10:45 GMT as the dollar strengthened and investors worried about the state of the global economy. For the moment, oil markets are oversupplied as stalling economies in...

Brent crude oil was poised to post another weekly loss this week as investors saw oversupply as more pertinent than geopolitical problems around the world. The commodity traded at $102.39 at 8:10 GMT as output from the U.S. and Libya increased and global demand looked shaky. CNBC reported...

Brent crude oil remained near a 14-month low on Tuesday with geopolitical tension easing and investors worried about a supply glut. The commodity traded at $101.82 at 7:00 GMT as markets waited for U.S. oil inventory data due out later in the day. A Reuters survey showed that most analysts...

Brent crude oil made its way toward $105 on Wednesday morning after falling to a nine-month low on Tuesday as soft global demand weighed on prices. The commodity traded at $104.82 at 6:20 GMT following the release of U.S. inventory data, which showed a larger than expected drop. The American...

Brent crude oil was on the rise on Tuesday morning, trading at $107.98 at 9:00 GMT. The commodity was boosted by the ongoing geopolitical issues around the globe as well as expectations for a further draw in U.S. crude stockpiles. American Petroleum Institute is set to release a report...

Brent crude oil maintained its position above $113 on Wednesday morning as supply worries worsened due to the conflict in Iraq. According to Reuters, Baiji, the nation's largest refinery, was closed on Tuesday night as foreign oil companies evacuated their staff. Brent crude oil traded at...

Brent crude oil approached $110 on Thursday morning after more data from the US painted a healthy picture of the number one oil consumer’s economy. The commodity traded at $109.89 at 6:30 GMT as investors kept an eye on tension brewing in both Ukraine and Libya amid the improving demand outlook...

Brent crude oil made its way above $110 following better than expected US data released on Tuesday. The commodity traded at $110.21 at 6:20 GMT on Wednesday morning as the data suggested an improvement in global demand growth. Several important US economic releases came out on Tuesday, all...