American Petroleum Institute news

The June 2020 issue of Hydrocarbon Engineering looks at digital transformation in the downstream sector.

The API has recently announced that the Phillips 66 chairman and CEO will serve as the chairman of API’s Board of Directors for a two-year term.

US crude oil production and exports have hit a historic high, benefitting US consumers, says API.

The API has welcomed the EPA’s new clean water rule that brings clarity and certainty for business owners while protecting the environment.

The API has reported that US petroleum demand hit 20.8 million bpd in July, the highest level since 2005.

API 1509 includes the latest API oil performance standards and marketing guidelines for engine oil quality marks.

With record refinery throughput, total petroleum inventories built to within 2.6% of the maximum of the 5-year historical range.

As the EPA finalises ethanol volumes for 2019 and biodiesel volumes for 2020 under the Renewable Fuel Standard, the American Petroleum Institute urged the agency to protect consumers from the ethanol blendwall and to continue to reject efforts by some to reallocate volumes from small refinery exemptions.

The API notes that US energy exports are suffering as a result of new trade and tariff policies.

June 2018 marked the highest production levels of US crude oil and NGLs.