Energy Exports

The Energy Edge: U.S. Becomes Net Oil Exporter

Louisiana Oil Industry Recovers From Katrina Devastation

The United States became a net exporter of oil and refined fuels for the first time in nearly 75 years

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Investment in the U.S. chemical and plastics industry resulting from domestic shale gas has now surpassed $200 billion

U.S. Trade Deficit Reaches All-Time High

In API’s latest Industry Outlook and Monthly Statistical Report, we have shifted from recognizing risks on the horizon to having a line of sight on some of them.  The effects of trade disputes in particular have become tangible. Most notably, at the same time as the U.S. celebrated another new record for crude oil production of 10.8 million… Keep reading →

Senate Hearing On Exports Of LNG To Europe

A liquefied natural gas (LNG) tanker arr

The U.S. Senate Committee on Energy and Natural Resources has held a hearing on the subject of liquefied natural gas (LNG) exports to Europe

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning. The good: The U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2. Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve… Keep reading →

Currents – Energy Industry Insights – July 2018 #2

Singapore's Shipping Port Records Strong Growth In 2013

America’s oil and gas production is booming of late, with the U.S. poised to become the world’s largest exporter of crude oil

Manufacturing To Be A Key Election Issue

For years, conversations at major oil and gas industry conferences focused on one thing: the shale revolution. Excitement about the surge in economical new supply of unconventionally produced oil and gas was palpable, as panelists spoke of the potential for shale to transform everything from the geopolitics of American energy supply to the price of… Keep reading →

Texas Oil Companies Work To Adapt To Falling Oil Prices

With Wall Street Journal headlines such as “Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears,” it might be hard to remember that the United States’ domestic oil production stood at a record 10.5 million barrels per day (mb/d) in April, and the nation’s petroleum trade balance is in its best position in 50 years. This has reinforced… Keep reading →

A steel worker drives a crane at the fur

The decision by the Trump administration to impose tariffs on imported steel, including key allies Canada, Mexico and the European Union, is the wrong direction for U.S. energy policy. While the full effect of these tariffs on steel-intensive business—and the U.S. economy—remains to be seen, the impacts will ripple through the natural gas and oil… Keep reading →

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