American Petroleum Institute

A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

How the oil prices move in Asian session

11/10/2017(0)
Oil prices edged up on Wednesday, extending 2 percent gains recorded the previous day, on signs that markets are gradually tightening after years of oversupply, although the outlook for ... Read More
Oil_well

US oil boom reduces Middle East influence on oil price

07/01/2016(0)
The US oil boom has changed the world’s geopolitics of energy, reducing the influence of the Middle East on oil prices, the American Petroleum Institute (API) said on Wednesday. ... Read More
oil

Crude-oil shocker: API data show supply surging

19/02/2015(0)
The oil market got a bit of a shock late Wednesday, when the American Petroleum Institute’s supply data were released. U.S. crude-oil supplies as of the week ended Feb. ... Read More
oil

Oil falls to near $103 ahead of Ukraine meeting

15/04/2014(0)
The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. By early afternoon in ... Read More
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