FORUM NEWS

API: US petroleum demand in August reached 20.8 million b/d

According the latest monthly statistics report from the American Petroleum Institute, US petroleum demand in August, led by motor gasoline, distillate, and refinery feedstocks, increased to 20.8 million b/d, up 250,000 b/d from July.  

State Department releases draft SEIS for latest Keystone XL route

The proposed Keystone XL crude oil pipeline's Mainline Alternative Route (MAR) in Nebraska "would have no significant direct, indirect, or cumulative effects on the quality of the natural or human environments," the US Department of State said...  

China imposes 10% tariff on US LNG

China's LNG tariffs, given the size of its market, could hinder development of a second wave of US LNG export projects...  

Trade Policy Impacts on U.S. Energy Becoming Visible

In total, the United States' petroleum trade balance went from net imports of 2.9 mb/d in June to 4.5 mb/d in August, which is more than a 56 percent increase in two months...  

U.S. Energy Industry Committed to Reducing Emissions

E-mail from API: The U.S. natural gas and oil industry keeps hitting new energy production records while, at the same time, driving progress in reducing greenhouse gas emissions.  

US gas industry risks losing access to massive Chinese market as trade war escalates

On the production side, U.S. shale gas is performing strongly - but a trade war with China and a lack of investment projects in the sector could be "economically disruptive"  

Natural gas will overtake oil to become North America's "single largest energy source" this year, risk management firm says.

Oil will be toppled as North America's primary energy source... with natural gas and electrification set to reshape the region's energy future.  

Trump's Tariffs Raising Costs For The U.S. Oil And Gas Industry - And Americans

The Trump administration's trade war has been a major threat to oil prices, and its 25% tariff on imported steel, in particular, has started to increase costs for U.S. oil and gas producers.