Podcasts about american petroleum institute api

In this episode, World Oil speaks with Hamza Hallal, Senior Manager of the Monogram/APIQR Program, at the American Petroleum Institute (API). Hamza provides a detailed overview of API's Repair and Remanufacture Program, which helps companies ensure that repaired or remanufactured parts and equipment adhere to API standards. This podcast dives into the program, standards within the program, companies eligible for the program, benefits to the oil and gas industry, and much more.

World Oil sat down with Hamza Hallal, Senior Manager, Monogram/APIQR, American Petroleum Institute (API), to discuss API's Monogram Program, and how the association monitors and engages with users to ensure that they are following API standards and specifications.

Mike Sommers, President of the American Petroleum Institute (API), the largest trade association representing all aspects of America's natural gas and oil industry. Behind the Curtain: Dems' Blue Wall blues

In this episode of the Pipeliners Podcast, host Russel Treat is joined by Randall Stremmel, President of Pittsburgh Mineral & Environmental Technology (PMET), and Andri Orphanides from the American Petroleum Institute (API) to discuss the Energy4Veterans program.  They explore the program's inception, its efforts to engage with veterans, and how it helps them transition into the oil and gas industry by leveraging their military skills. The conversation highlights the importance of providing veterans with certification opportunities to build rewarding careers in the energy sector. Visit PipelinePodcastNetwork.com for a full episode transcript, as well as detailed show notes with relevant links and insider term definitions. 

Join us in this episode of "The Main Column" as we welcome Andri Orphanides, director of individual certification programs at the American Petroleum Institute (API). Andri discusses API's Individual Certification Programs (ICP), highlighting their significance, the differences between certifications and training certificates and what sets API's credentials apart in the oil and gas industry. Learn how the ICP is evolving to meet industry demands, including adapting to new technologies and addressing the knowledge gap as experienced professionals retire.

Preencha o formulário e conheça o programa mais completo de consultoria e aconselhamento da Levante https://lvnt.app/jtnp7n 25/06 - DÓLAR R$ 5,45 faz JBS e WEG subirem A Bolsa registrou leve baixa de -0,25%, aos 122.331 pontos e volume fraco de R$ 16 bi, R$ 9 bi abaixo dos R$ 25 bi das terças de dezembro. No mês de junho, o Ibovespa ficou perto da estabilidade com 0,10% e -8,90% no ano. Por que a Bolsa performou assim? 1º. A bolsa já abriu em queda foi a 122,3 mil, às 10h20, positivou as 10h40, chegando a 122,7 mil, mas não aguentou com a combinação de (i) fala de diretora do Fed, Michelle Bowman, de reiterar sua visão de que manter a taxa de juros dos Estados Unidos “por algum tempo” provavelmente será suficiente para deixar a inflação sob controle; e (ii) fala de Galípolo ponderando que o Banco Central não trabalha com uma meta para o câmbio ou de diferencial de juros, mas sim um alvo para a inflação, o que “não se discute, se cumpre”. Com essas duas falas o mercado conclui que os juros no Brasil ficarão no nível alto de 10,50% a.a. da Selic hoje porque o Fed não cortará os juros em 2024 e o COPOM/BC continuará firme na política monetária com o provável futuro presidente, Galípolo, que deve suceder Campos Neto em dezembro. Nesse cenário, bolsa cedeu, dólar subiu bem e juros também. 2º. Entre as 15 ações mais negociadas 7 subiram lideradas em volume negociado por: ITUB4 0,30% R$ 32,44, ABEV3 0,50% R$ 11,38, RENT3 0,10% R$ 42,23; ITSA4 0,30 R$ 9,91 e BBAS3 0,30% R$ 26,89 3º. Oito ações caíram entre as 15 mais negociadas: VALE3 -0,40% R$ 60,65, PETR4 -0,10% R$ 37,03, MGLU3 -3,0% R$ 11,80, SBSP3 -0,40% R$ 77,61 e BBDC4 -0,80% R$ 12,34. 4º. O petróleo caiu -1,30%, para US$ 84,90 de US$ 86,0, ontem, dentro da volatilidade diária de -/+2%, com a informação do American Petroleum Institute (API) de que o estoque de petróleo subiu 914 mil barris versus expectativa de queda de 3 milhões de barris. 5º. O minério de ferro subiu 0,60% para US$ 110,3 de US$ 109,6, ontem, corrigindo um pouco da forte queda de 3% de ontem. 6º. As bolsas americanas performaram na direção oposta de ontem, pois o Nasdaq subiu 1,20% e o Dow Jones caiu 0,70%, com ações das big techs se recuperando, Nvidia 6,70%, Meta Facebook 2% e Google 2% ao que no Dow Jones HomeDepot, Nike, Wallmart e McDonald´s devolveram parte dos ganhos dos últimos dias. 7º. O dólar subiu 6 centavos, equivalente à 1,01%, depois de cair 5 centavos, para R$ 5,45 de R$ 5,39, ontem, impactado pelas falas da diretora do Fed, Michelle Bowman, reiterando sua visão de que manter a taxa de juros dos Estados Unidos “por algum tempo” para baixar a inflação americana. 8º. Os juros dos 10-anos dos títulos do Tesouro dos EUA voltaram ao nível de sexta-feira a 4,257% a.a. Os juros dos títulos do Tesouro do Brasil voltaram a subir com as taxas do Prefixado 2031 (cerca de 7 anos), indo de 12,08% para 12,16% a.a. 9º. O saldo de investimentos estrangeiros no mercado secundário da Bovespa, de ações já em circulação, ficou positivo em R$ 620 milhões na quinta-feira, 20 de junho, segundo dados da B3. No mês de junho, o saldo está negativo em R$ 6,5 bilhões. No acumulado do ano, os estrangeiros tiraram da Bovespa R$ 41,2 bilhões. Os estrangeiros respondem por 51,70% do volume negociado em junho e por 54,5% do volume acumulado no ano. Já Pessoas físicas respondem por 12,40% do volume em junho, menor do que os 13,50% do acumulado no ano. Já os investidores institucionais aumentaram participação para 30% do volume do mês versus 27% do acumulado em 2024. MAIORES ALTAS JBSS3 +1.74% R$ 31,54 WEGE3 +1.71% R$ 41,57 ARZZ3 +1.45% R$ 50,93 ENEV3 +0.88% R$ 12,61 RADL3 +0.73% R$ 26,37 MAIORES BAIXAS PCAR3 -3.74% R$ 2,83 VAMO3 -3.32% R$ 7,57 LWSA3 -3.16% R$ 3,98 MGLU3 -2.96% R$ 11,80 VBBR3 -2.90% R$ 20,43

In this episode of the Pipeline Technology Podcast, host Russel Treat speaks with Colin Frazier and Laurie Knape from the American Petroleum Institute (API) about pipeline safety management systems (PSMS) and recent contractor guidance. They discuss the implementation and benchmarking of PSMS within the industry, highlighting improvements and ongoing efforts to support both operators and contractors. The conversation covers the importance of standardized safety practices and the role of industry collaboration in enhancing pipeline safety. Visit PipelinePodcastNetwork.com for a full episode transcript, as well as detailed show notes with relevant links and insider term definitions. 

In this episode of the Pipeliners Podcast, host Russel Treat is live from the 2024 API Pipeline Conference & Exhibit with David Murk, Senior Director of Pipelines, Midstream, for the American Petroleum Institute (API), to talk about the conference and what topics are covered. Visit PipelinePodcastNetwork.com for a full episode transcript, as well as detailed show notes with relevant links and insider term definitions. 

In Episode 98 of "The Energy Question" Gifford Briggs the Gulf Coast Regional Director for the American Petroleum Institute (API). David Blackmon discuss various topics including Briggs' role at API, the oil and gas industry in the Gulf Coast region, carbon capture and sequestration initiatives in Louisiana, offshore leasing challenges, state-specific issues, and hurricane preparedness. Briggs highlights API's coordination efforts with emergency management officials and the industry's commitment to safety and energy supply during hurricane season.Highlights of the Podcast00:45 - The American Petroleum Institute API 03:13 - The Louisiana oil and gas industry 04:43 - A tremendous cross-section of what's happening in the industry 07:06 - A tremendous service industry in south Louisiana that's worked offshore 13:53 - Oil and natural gas to other sources of energy15:43 - The EPA in advance their regulatory and legislative frameworks20:58 - The public was demanding electric vehicles right now 25:45 - The companies and the emergency management people 27:48 - The efforts of state associations 

In this episode, Elaine and Jordan discuss the new tailpipe rule announced by the Environmental Protection Agency (EPA) with Dustin Meyer of the American Petroleum Institute (API). The rule sets mileage and efficiency standards for new automobiles, effectively mandating a shift towards electric vehicles (EVs). The conversation covers the impact of the rule on consumers, the challenges with EV adoption, infrastructure limitations, government distortion of the market, environmental considerations, national security implications, potential legal challenges, API's efforts to raise awareness, and the role of everyday Americans in shaping energy policy. Main Street Matters is part of the Salem Podcast Network - new episodes debut every Wednesday & Friday. For more information visit JobCreatorsNetwork.comSee omnystudio.com/listener for privacy information.

The 24th World Petroleum Congress (WPC) will be held in Calgary from September 17 to 21, 2023. The conference takes place every three years and has been described as the world's leading assembly for the petroleum industry. The organizers are expecting 15,000 visitors and 5,000 delegates from over 100 countries.  This week, we hear from Lisa Baiton, President and CEO of the Canadian Association of Petroleum Producers (CAPP), and Mike Sommers, President and CEO of the American Petroleum Institute (API). Both organizations will be at the WPC in Calgary.  Here are some of the questions Jackie and Peter asked: With Russia's invasion of Ukraine, has energy security become a greater focus in North America? Does the United States still consider Canadian oil and gas foreign? With the recent run-up in oil prices, are you concerned about how consumers will react to higher prices for petroleum fuels?  Is the oil and gas industry reducing GHG emissions? What is your response to people who want oil and gas consumption to end soon? Do you think greenfield oil or gas pipelines can be built between the United States and Canada?  What is the outlook for LNG exports from the US and Canada?  Content referenced in this podcast:The World Petroleum Congress registration information: https://www.24wpc.com/  The Canadian conventional oil and natural gas sector emissions fell 24 percent in the last decade (CAPP analysis).  Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research InstituteSubscribe to ARC Energy Ideas PodcastApple PodcastsGoogle PodcastsAmazon MusicSpotify

Good morning, and welcome to another episode of the F+L podcast. I'm your host, Vicky Denton, and today we're joined by Jeff Harmening, a senior program manager for the American Petroleum Institute (API). This is Jeff's second time on our show, and we're thrilled to have him back. Jeff is part of API's global industry services group and has been instrumental in the creation of a technical report that API recently released. This report, known as TR 1533, focuses on the life cycle assessment for lubricants, a topic of growing importance in our industry. The journey to TR 1533 began in June 2021 when API's lubricants group established a sustainability work group. This group was tasked with gathering subject matter experts from all stakeholders in the lubricants value chain. These experts, from oil marketers, base oil manufacturers, re-refiners, and lubricant additive companies, worked tirelessly to assemble the framework for TR 1533. Their hard work and dedication, coupled with a rigorous meeting cadence, allowed the group to prepare a draft for ballot with the API lubricants group in just over a year. The result was the publication of TR 1533 in May 2023. The report is available on the API website, accessible free of charge. The full title of the report is "Lubricants Life Cycle Assessment and Carbon Footprinting Methodology and Best Practice." To download the report, click here: https://www.api.org/-/media/Files/Certification/Engine-Oil-Diesel/Publications/API%20TR%201533.pdf

8/8: IBOV -0,24%, NASDAQ -0,79%, DOW -0,45%, DÓLAR R$ 4,90, HAPV3 +6% e PETZ -6% Olá, seja bem-vindo ao Fechamento de Mercado da Levante, comigo Flávio Conde, hoje é 3ª feira, 08 de agosto, e o programa de hoje é dedicado aos 323 que ficaram por 1 hora na live do fechamento ontem. Coloque o vídeo na velocidade 1,5x que fica melhor. A bolsa fechou em baixa de -0,24% aos 119.090 pontos com volume bem fraco de R$ 22 bi versus R$ 19,7 bi ontem e abaixo da média de R$ 25 bi. Por que a bolsa performou assim hoje? 1º. Hoje, o dia começou bem negativo com Nasdaq caindo -0,79%, petróleo -2% e minério -1,5%. Ao longo do dia foi melhorando e até positivou um pouco depois do almoço, mas acabou caindo -0.24% com um volume bem fraco. 2º. Os futuros das bolsas dos EUA já abriram caindo bem por conta do rebaixamento da nota de crédito de 10 bancos americanos e mais 6 bancos serão rebaixados em breve. O motivo principal foi os resultados dos bancos no 2T23 mostrando rentabilidade baixa e pressionada que deve impedir as instituições de gerarem capital interno suficiente para continuarem a operar no nível que estão. Todas as ações de bancos no mundo começaram o dia em queda e poucas se recuperaram. 3º. Nas 15 mais negociadas 8 subiram lideradas (em termos de volume) por PETR4 0,10%, BBDC4 0,40%, HAPV3 6%, LREN3 0,80%, ASAI3 1,8%, ELET3 2%, PRIO3 0,10% e RAIL3/RUMO 0,30%. 4º. Nas 15 mais negociadas 7 caíram lideradas (em termos de volume) por VALE3 -0,60%, ITUB4 -0,20%, GGBR4 -3%, BBAS3 -0,70%, PETR3 -0,10%, B3SA3 -1% e MGLU3 -0,70% 5º. O petróleo abriu em queda de -2%, mas recuperou fechando em +0,80% para US$ 86,10 versus US$ 85,5, ontem. Esse movimento surpreendeu porque de manhã o American Petroleum Institute (API) divulgou que os estoques dos EUA subiram em 4 milhões de barris, na semana passada, depois de ter recuado em 15 milhões anteriormente. 6º. O minério caiu -1,5% para US$ 99 de US$ 112, ontem, VALE3 -0,60% R$ 67,46 em linha com Rio Tinto -0,70% e BHP -0,80%. CMIN3 -1,6% R$ 4,20 e GGBR4 -3% R$ 26,95. 7o. Dólar estável em R$ 4,90. Estrangeiros: O saldo de investimentos estrangeiros na Bovespa na quinta-feira, 3 de agosto, ficou negativo em R$ 559 milhões, segundo dados da B3, depois de ter ficado negativo R$ 1 bilhão, no dia 2. No mês, está negativo em R$ 2,8 bilhões. No acumulado do ano, o saldo de estrangeiros na Bovespa está positivo em R$ 29,6 bilhões. Destaques de alta: HAPV3 +6.0% R$ 5,06 YDUQ3 +3.9% R$ 22,66 ALPA4 +3.2% R$ 9,45 COGN3 +3.0% R$ 3,42 LWSA3 +2.6% R$ 7,28 Destaques de baixa: PETZ3 -6.1% R$ 6,46 DXCO3 -5.3% R$ 9,00 CASH3 -3.3% R$ 8,54 GOAU4 -3.3% R$ 12,81 GGBR4 -2.9% R$ 26,95 Hoje, a escolhida pelos assinantes da Levante foi ITAÚ.

1/8: Ibovespa -0,57%, Nasdaq -0,4%, Dow Jones 0,2%, Dólar R$ 4,79, IGTI11 +2% e SBSP3 -4% Olá, seja bem-vindo ao Fechamento de Mercado da Levante comigo Flávio Conde, hoje é 3ª feira, 1 de agosto, e o programa é dedicado aos telespectadores Elisabete (hábito em casa), Gustavo (dando like), Oriovaldo (boa noite) e ReiBritto (IBOV 125 mil agosto). E preciso contar da emoção ontem com a equipe de vendas da Levante, a melhor do mercado. A bolsa fechou em baixa de -0,57% aos 121.248 pontos com volume crescendo de R$ 22 bi, ontem, para R$ 23,2 bi, hoje. Por que a bolsa performou assim hoje? 1º. Hoje, a bolsa operou em baixa o dia inteiro basicamente por conta da alta de juros dos títulos de 10 anos – o títulos de renda fixa mais negociado no mundo e que impacta preço de ações diariamente – de 3,93% para 4,03% a.a. derrubando bolsas e valorizando dólar 0,37% versus moedas fortes. Motivo: geração de empregos na próxima sexta. 2º. Nas 15 mais negociadas apenas 5 subiram lideradas por> ASAI3 1,3%, HAPVIDA 0,80%, MGLU3 2,4%, RENT3 0,40% e PRIO3 0,40% 3º. Nas 15 mais negociadas 10 caíram lideradas por: PETR4 -1,6% R$ 5 bi, VALE3 1,4% R$ 3,7 bi, PETR3 -2% R$ 1,2 bi, BBAS3 -1,7% 1 bi. 4º. O petróleo caiu o dia inteiro para US$ 85,1 e recuperou para US$ 85,7 com a divulgação do American Petroleum Institute (API) da maior queda semanal no estoque de petróleo dos EUA, 15,4 milhões, versus 1,3 milhão na semana passada. Isso pode levar a um aumento por petróleo nas próxima semanas. PETR4 -1,6% R$ 30,60, PRIO3 0,40% 45,80RRRP3 e 3R -1% R$ 35,16. 5º. O minério leve baixa de 0,6% para US$ 117 de US$ 117,7, ontem, VALE3 -1,4% R$ 68,20 em linha com Rio Tinto -1,4% e BHP -2,7%. Já CMIN3 -1,1% R$ 4,40 e GGBR4 0,3% R$ 29,16. 6º. Nos EUA, as bolsas tiveram desempenho misto, Nasdaq -0,4% e Dow Jones 0,2%, ações de tecnologia realizaram com a alta de juros. 7º. Dólar subiu, ide R$ 4,755 para R$ 4,79, em função da alta de juros citada acima. Nos EUA, o dólar valorizou-se bem, 0,37%, frente moedas fortes do DXY. Estrangeiros: O saldo de investimentos estrangeiros na Bovespa na quinta-feira, 28 de julho, ficou positivo em R$ 185 milhões e Ibovespa 0,16%, segundo dados da B3, depois de ter ficado negativo em R$ 450 milhões, no dia 27. No mês, está positivo em R$ 7,6 bilhões e o Ibovespa sobe 1,78% até dia 28. No acumulado do ano, o saldo de estrangeiros na Bovespa está positivo em R$ 30,7 bilhões, sendo R$ 22,9 no mercado secundário e R$ 7,8 bi em ofertas (follow-on) e Ibovespa sobe 7,8% até 28/7. Destaques de alta: IGTI11 +2.4% R$ 22,42 MGLU3 +2.3% R$ 3,43 PETZ3 +2.1% R$ 7,15 ALSO3 +2.1% R$ 24,82 EZTC3 +1.5% R$ 22,06 Destaques de baixa: SBSP3 -4.1% R$ 55,70 ARZZ3 -3.2% R$ 79,70 PETR3 -2.1% R$ 34,08 FLRY3 -1.8% R$ 15,81 VIIA3 -1.8% R$ 2,12 Hoje, a escolhida pelos assinantes da Levante foi SABESP

25/4: Ibovespa -0,70%, Nasdaq -2%, Dow -1%, Dólar R$ 5,06, BRKM5 +5% e MRVE3 -7% Olá, seja bem-vindo ao Fechamento de Mercado da Levante comigo Flávio Conde, hoje é 3 feira, 25 de abril, e o programa de hoje é dedicado ao Teresa (controladores de Argentinos), Heitor (assistiu pela 1ª. vez e gostou), Sérgio (pediu AESB3. A bolsa ficou todo o dia no terminando com baixa de -0,70% aos 103.220 pontos e volume de R$ 46 bi, na média de R$ 46 bilhões das últimas segundas. Por que nossa bolsa performou assim? 1º. Investidores acordaram, de novo, com mais um dia de queda -1,9% na China e venderam Vale, CSN Mineração e siderúrgicas. E hoje o petróleo já amanheceu caindo -1% e fechando com -2,3% levando Petrobras e PRIO para baixo. 2º. Nas baixas das ações mais negociadas, lideraram mineração (VALE3 -2,7%), siderurgia (GGBR4 -3,5%), celulose (SUZB3 -2,1%), petróleo (PETR4 -0,40%, PRIO -1%) seguindo a queda do minério e petróleo. MAGALU -3% e Lojas Renner -2% também pesaram 3º. Nas altas das ações mais negociadas, ações de Bancos com Bradesco +2,2%, Itaú +0,91%, mas BB caiu -0,90%. B3 0,34% e WEG +0,47% 4º. Petróleo caíram -2,5%, aos US$ 80,7 x US$ 82,6, ontem, mesmo com os estoques de petróleo bruto nos Estados Unidos tendo caído 6,0 milhões de barris, segundo dados do American Petroleum Institute (API), divulgados hoje (terça-feira) ao passo que analistas esperavam queda de apenas 1,6 milhão de barris. PETR4 -0,40% a R$ 27,1, PRIO3 -1%, a R$ 34,66, mas 3R subiu +0,90%, a R$ 27,70. 5º. Minério caiu 1,9% US$ 102,84, VALE acompanhou caindo -2,7% a R$ 70,00, mas CMIN3 despencou -3% R$ 4,27, Gerdau caiu -3,5% a R$ 24,26 e Usiminas apenas -0,98% a R$ 7,05. 6º. Bolsas americanas mistas com Nasdaq -2% e Dow Jones -1% com ações de de Alphabet (Google) e Microsoft caindo -2,2% um pouco antes de divulgarem resultados. 7º. O Dólar à vista subiu 2 centavos para fechar a R$ 5,06 x R$ 5,04 ontem, +0,44% versus 0,51% do dólar no exterior que caiu -0,47% versus DXY (cesta de moeda fortes com 58% de euro, 13% de iene, 12% de libra esterlina e 9% de dólar canadense e mais outras moedas). Estrangeiros: O saldo de investimentos estrangeiros na Bovespa na quinta-feira, 20 de abril, ficou negativo em R$ 1 bilhão, Com isso, o saldo acumulado em abril caiu para R$ 3,8 bilhões, No acumulado do ano, o saldo de estrangeiros está positivo em R$ 14,3 bilhões. Destaques de alta: BRKM5 +4.9% R$ 19,43 SMTO3 +2.6% R$ 29,38 BBDC4 +2.2% R$ 13,70 BPAN4 +1.7% R$ 5,25 BBDC3 +1.5% R$ 12,31 Destaques de baixa: MRVE3 -7.7% R$ 6,10 SOMA3 -6.4% R$ 7,55 CVCB3 -4.8% R$ 2,77 CASH3 -4.5% R$ 0,84 NTCO3 -4.1% R$ 10,52 Hoje, o Conde fala da escolhida pelos assinantes, UNIPAR

Mario Majic, head of Strategic Business Development, Marketing & Corporate Governance at Avista Oil AG, says that with today's re-refining technology, base oils produced from spent lubricants can compete head on with “virgin” base oils. Speaking with F&L Asia  in Episode 31 of the F+L Webcast, Majic said re-refined base oils from Avista can achieve up to 90% CO2 emissions savings from cradle to gate compared to primary refined base oils. Historically, buyers expect a discount when they purchase re-refined base oils. However, that's starting to change, says Majic. “A couple of years ago, we were not able to achieve premium prices for our products, but the market is changing. If demand for something is rising and supply is limited, we know what is going to happen,” he says. Avista is a German re-refiner with about 300,000 tons per year of combined base oil production footprint in Germany, Denmark and the United States. The company produces Group II in the United States and is upgrading its facility in Germany to produce Group III. Majic says that “Oil can be green, oil can be clean and oil can be sustainable.” His wish list is to see carbon footprint included in future base oil specifications. In Europe, as well as the rest of the world, the industry uses the base oil classification contained in Annex E of API 1509. API 1509 describes the voluntary Engine Oil Licensing and Certification System (EOLCS) of the American Petroleum Institute (API). All base stocks are divided into five categories. Groups I to III are classified according to their saturates, sulfur and viscosity index (VI). Group IV base stocks are polyalphaolefins (PAOs) and Group V are all other base stocks that are not Groups I-IV. 

Dean Foreman, Chief Economist, American Petroleum Institute (API) joined Grayson Brulte on The Road To Autonomy Podcast to discuss his 2023 Q1 outlook for the oil and gas markets.The conversation begins with Dean sharing his thoughts and insights into the current state of the oil and gas markets. As the economy goes, that is what we are going to look for in oil and gas markets. – Dean ForemanThe demand for oil has been strong. The U.S. Petroleum demand in December 2022 was 20.5 million barrels per day. For 2022, oil demand grew by 2.2%. Going back to 2000, 2022 was the forth highest year for growth. It says that on the heels of the pandemic, $20 trillion dollars worth of economic stimulus has continued to have a pretty positive effect for the economy, despite Fed Funds rate hikes, despite concerns about a recession, despite individual sectors that have been under pressure. – Dean ForemanThe trend of demand outpacing supply has continued for over a year now with inventories that are at historic lows. Oil demand is growing because of the rebound in travel and the increase in cargo shipping by air. During the last six months in 2022, 1.5 million barrels per day (1.5% of the global market) of new oil globally came online from Government reserves. While there was some downward price movement, there was also long-term negative consequences as oil companies were discouraged to start new drilling and new infrastructure projects. This could lead to a global imbalance as there will not be enough infrastructure to meet demand. The official estimates for demand growth this year range between basically 1 million barrels per day or about 1% of the market, up to 1.7 million barrels per day. – Dean ForemanIn order to meet this demand, investment has to be made and drilling has to expand around the world to ensure that new supply can come to the market. Adding more context to this, the U.S. Energy Information Administration is predicting that global oil demand is expected to reach a record-high of 101 million barrels per day in 2023. The U.S. Strategic Petroleum Reserve ended 2022 at the lowest point since 1983. When comparing 2022 to 1983, the U.S.'s oil consumption was more than 33% higher. There is little margin for error with solid oil demand and a dwindling Strategic Petroleum Reserve. When you factor in geo-politics and weather, the situation becomes even more unpredictable.In 2022, the U.S. dollar rose 6.23%. So far this year (2023) the U.S. dollar has begun to weaken. With a weakening U.S. dollar that is projected to weaken by 3% this year according to Bloomberg, oil is beginning to trade on local currencies. For Q1 2023, the trends to watch in the oil and gas markets are the Russia/Ukraine conflict, systemic risks to the global food supply and emerging markets debt.Wrapping up the conversation, Dean discuses the global economics and the impact it has on household budgets. Follow The Road To Autonomy on Apple PodcastsFollow The Road To Autonomy on LinkedInFollow The Road To Autonomy on TwitterRecorded on Tuesday, January 17, 2023See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Woodrow Wilson “Woody” Dumas, age 77, died Dec. 13, 2022 at Providence Hospital in Mobile. He was born May 2, 1945 to Woodrow Wilson Dumas Sr. and Etta Ree Goodwin Dumas. Woody graduated from Clarke County High School. He was introduced to the oil industry by his two brothers, Royce and Tommy. He worked hard and loved the diversity, each day was unique and different. Learning and working hard through each step of his career, he became a regional manager of an oil service company and was a member of the American Petroleum Institute (API). After many years in the...Article Link

Thinking about overriding your OEM motor oil recommendations? Think again! Michael sits down with Jeff Harmening at the American Petroleum Institute (API) to discuss the latest on motor oil specifications. They cover everything from the difference between API and ILSAC specifications, to what happens when an engine is filled with the wrong viscosity, and more!

In episode 119, Christine chats with Jackie DeFreitas about her role in the American Petroleum Institute (API), the only trade association representing all segments of America's oil and gas industry. Jackie graduated with a B.S. in International Business from Old Dominion University in 2010 and is currently a senior specialist in Intellectual Property & Distribution […] The post Meet Jackie DeFreitas from American Petroleum Institute, Episode 119 appeared first on Women Offshore. Related posts: Meet Managing Director Bryce Lawrence from ESG Ship Vetting, Episode 111 Meet CEO Alyssa Franklin from IPT Global, Episode 105 Meet Marine Biologist Claudia Erber, Episode 112 Meet Licensed Psychologist Ian Wallace from Cal Maritime, Episode 113 From Mexico, Meet Maria Avalos, Episode 91

Hind Abi-Akar recently retired from Caterpillar, the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. While at Caterpillar, Hind, who has a PhD in Materials Science, worked in the Fluids Group where she was involved in the development of Caterpillar lubricants. She also represented the company in external organizations such as The Engine and Truck Manufacturers Association (EMA), ASTM International, the American Petroleum Institute (API) and others, with a focus on the development of new categories, new products and industry specifications. Hind was also very active in fuels and alternative fuels. In Episode 25 of F+L Webcast, Hind provides insights on the current heavy duty engine oil (HDEO) category development process and why she believes the current process works. She also discusses the challenges of working in a traditionally male-dominated industry in a career spanning more than two decades. Watch the video of this interview on our website: https://www.fuelsandlubes.com/podcasts/caterpillars-hind-abi-akar-on-why-the-current-hdeo-process-works/

According to the U.S. Bureau of Labor Statistics (BLS), careers in STEM (Science, Technology, Engineering, and Math) are expanding faster and pay better than other careers. STEM opportunities abound in Utah, one of the top 10 states for tech job growth, net tech employment concentration, and net tech employment job gains in 2020. Yet, despite the abundance of STEM opportunities, Salt Lake City was ranked 43rd among other metro areas for “STEM-Friendliness,” a metric that, in part, considers the gender disparity in STEM field occupations and degrees. Nationally and locally, fewer women obtain STEM-related college degrees and work in STEM-related occupations, and they leave STEM careers once employed at disproportionate rates compared to men. Hence, the US and Utah STEM workforce remains predominately male.Recently, the Utah Women & Leadership Project published a research snapshot on Utah women and STEM. The report explored first, current STEM employment data; second, possible reasons for the STEM gender gap; and third, ongoing efforts to increase diverse participation and success in STEM fields. Dr. Susan Madsen, Founding Director of the Utah Women & Leadership Project, is joined by Rebecca Winkel, lead author on the report and Senior Economic Advisor at American Petroleum Institute (API).Support the show

Dean Foreman, Chief Economist, American Petroleum Institute (API) joined Grayson Brulte on The Road To Autonomy Podcast to discuss the current state of the oil and gas markets.The conversation begins with Dean discussing the the unprecedented move by the Biden Administration to release 1 million barrels of oil per day for 180 days from the Strategic Petroleum Reserve and the global demand for oil.The U.S. Energy Administration estimated coming into this year, in December that we were at a global deficit of more than 3 million barrels per day. That's with global demand outstripping or exceeding the supply or production level globally for oil. – Dean ForemanFurther putting this into perspective, in February 2022, the U.S. petroleum demand was 21.6 million barrels per day. The highest level of demand since August 2005. A portion of the demand is being driven by freight shipping partly as a result of the increase in online shopping. Another factor driving petroleum demand is COVID-19 tests as they are made from plastic. The molecules for the tests made of plastic start as oil and natural gas. In February 2022 more then 7 million barrels of oil out of the 21.6 million barrels of U.S. petroleum demand, about a 3rd were used to create petrochemical from a refining process that directly correlates with the global increase in demand for COVID-19 tests, which are made of plastic. Out of the 21.6 million barrels of U.S. petroleum demand, 4.3 million barrels a day were distillates (diesel). Between plastics and the increase in online shopping, almost 50% of U.S. petroleum demand (February 2022) was driven by consumer behavior. With petroleum demand increasing, the Keystone XL pipeline could help fill the demand. Dean shares what economic impact it would have on the market if the pipeline came online and heavy crude starting flowing from Western Canada to the United States. Expanding upon this conversation, Grayson and Dean discuss the current state of the U.S. economy and what the potential economic outlook looks like as the Federal Reserve begins to taper. As the economy goes, so does demand. – Dean ForemanDiving back into the oil markets, Grayson highlights the price of U.S. New York Harbor Jet Fuel which has risen 83% in the last 30 days to $744.32 a barrel (as of April 5, 2022). The price increase is a local issue, due to the lack of regional refining and the fact that jet fuel in the New York region has to be imported. From a global perspective, the global demand for oil was 100 million barrels per day in Q1 2022. The demand for oil is outpacing market supply by 3.2 million barrels per day.Demand is continuing to outstrip supply. – Dean ForemanGlobal Oil & Gas drilling activity is down 38% compared with February 2019. With a slowdown in drilling and a growing global demand for oil, Dean discusses the market from an economic standpoint. From a global perspective you got to have 4 to 6 million barrels per day of new oil just to sustain the production level this year. – Dean ForemanThe growth is only going to continue as according to the International Energy Agency, 46% of the world's energy will be produced by oil and natural gas. Wrapping up the conversation, Dean shares his thoughts on the future of energy.Recorded on Friday, April 8, 2021.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Another change in emissions comes for 2027 and today we chat with Jeff Harmening from the American Petroleum Institute (API). We wanted to know how diesel engine oils are designed for new standards, plus the relationship between OEM's, suppliers and engineers. Jeff goes into detail about the process and what we will see on store shelves in the coming years.

Even couched in wonky, legalistic language, the difference in tone between the American Bankers Association (ABA) and the American Petroleum Institute (API) is hard to miss. Last year, following a request for feedback from the U.S. Securities and Exchange Commission (SEC), the two trade groups presented vastly different pictures of the role the market regulator should play to make sure investors understand the risks climate change poses to companies.

Chuck Lynch and Dave Hagen interview Jeff Harmening from the American Petroleum Institute (API). Jeff explains licensing of engine oils, proper storage and handling, engine oil specifications, diesel engine oils, and what should engine builders expect with new engine oils. Steve and Chuck also discuss the Ford Flathead V8 engine during the history segment of the podcast. They also let you know about the upcoming AERA Regional Tech & Skills Conferences.

How much is United States energy policy contributing to record fuel costs, and can we drill our way back to price stability? Industry experts from the American Petroleum Institute (API) help us better understand the complexities of a global market and our country's place in it (at 16:03) --- University of Findlay Men's Basketball is going dancing... Head coach Charlie Ernst previews the 7th-ranked Oilers' matchup vs. #2 Ferris State in the NCAA Division II Regional (at 26:17) --- Another collection of tasty and easy-to-make recipes from Kyra's Kitchen! (at 43:06)

In this week's recap, the US markets closed lower this week, with oil prices surging to multiyear highs, as Russia's invasion of Ukraine continued to roil markets. Euro & Asian markets ended far lower due to the Russian-Ukraine crisis. Latin American markets ended mostly positive. The food crisis begins in Europe and Asian countries. The American Petroleum Institute (API) estimated there was a surprise draw this week for crude oil of 6.1M barrels after a prediction of a build of 2.79M barrels. [...] The post March 6: Food Crisis has arrived, Energy war, Russian Wealth Collapses (Recap Ep165) appeared first on Investing & Day Trading Education: Day Trading Academy.

There are countless risks associated with power plant operations. For example, the risk of equipment failure is present in virtually every power plant system. In some cases, the risk is very low and could even be inconsequential. In others, it's much higher and could be catastrophic, not only to plant operation, but also to the health and safety of workers. Understanding where the greatest risks lie and acting to reduce the likelihood of an unwanted incident should be high on every plant manager's to-do list. Digital technology has made the task of managing risk much easier. Tools are available today that can organize data and help users evaluate where the most probable and/or consequential failures are likely to occur. For example, risk-based asset integrity management (AIM) software, which often uses data imported from a plant historian or other legacy software systems, can sort and prioritize data to identify areas of concern and provide insight for decision-makers. There are several companies that offer AIM products. One is Antea, a company founded in Italy more than 30 years ago. Antea's platform features a number of different modules that can be configured to meet the needs of clients in the oil & gas, power generation, and chemical process industries. Among the most important of these modules is IDMS (inspection data management system). “IDMS is the key,” Floyd Baker, vice president for Antea North America, said as a guest on The POWER Podcast. Baker explained that inspection data, such as from ultrasonic, radiographic, or other testing, can be collected and stored in the IDMS. This allows users to do a number of things, such as monitor and trend corrosion, schedule follow-up inspections, and perhaps most importantly, plan repairs. “We can forecast the useful life of that asset so that one can either make repairs beforehand or plan replacements,” said Baker. Antea's platform also includes an RBI (risk-based inspection) module. The company claims the most effective way to prevent unplanned downtime is with RBI. It determines inspection frequency according to an asset's individual risk level, which can dramatically reduce spending and focus resources on the most critical equipment. Baker explained: “You wouldn't want to be spending millions of maintenance dollars out inspecting a water tank, when in fact those dollars could be focused more on say, high-pressure piping or something that could cause a real catastrophic event. So, this methodology takes into account the real risk—how it's going to affect them from a safety perspective, from a financial perspective, even from an environmental perspective—takes all of this stuff into several algorithms and calculates the risk that you assume on any given asset. When you look at that risk, say on a matrix, then you can actually figure out where you need to focus your maintenance dollars in order to reduce that risk.” Risk is assessed in multiple ways. In some cases, including at some power plants, it's done using a qualitative risk assessment model. “The end user—the plant operators—would actually provide input on what risk looks like to them,” Baker said. In other cases, such as at many refineries and chemical plants, risk is assessed quantitatively. That's done using recommendations developed by the American Petroleum Institute (API), and published in its “Risk-based Inspection” API Recommended Practice (RP) 580 and “Risk-Based Inspection Methodology” API RP 581. One of the benefits of utilizing digital technology is the transparency these tools provide. “It creates total transparency, especially for the C-suite level,” Baker said. “Using a platform like this actually creates the transparency that all people—up, down, and across the organization—can actually have access to key performance indicators and dashboards to understand better where that risk is at and what their teams are doing to mitigate that risk.”

With a worldwide market estimated to be worth over $2.5 trillion a year by 2050, experts are looking to hydrogen as a huge opportunity for Alberta. It's going to require a coordinated approach from all three levels of government, however, to do it. In this episode we talk with David Van Den Assem from Alberta Innovates and Kirk Hamilton from C-FER Technologies about hydrogen and what it could mean for Alberta's economy. They also discuss what Alberta Innovates, C-FER Technologies, InnoTech Alberta and Emissions Reduction Alberta are doing to propel it, and much, much more!Welcome to Shift.BiosDavid Van Den AssemDavid is a senior manager of clean technology at Alberta Innovates. He focuses on advancing innovative technologies from proof of concept through to field pilot stages in the field of carbon capture, utilization and sequestration (CCUS).  The CCUS focus area is open to innovative next-generation technologies along the value chain within this area, including capture, compression, transport, mineralization, conversion, use, storage and measurement/monitoring/verification.  David also manages the hydrogen focus area and the critical minerals, mining and novel materials areas.  These also are open to innovative technologies across the value chain and are aimed at building a low carbon hydrogen economy in Alberta, and advancing the extraction and use of critical minerals in Alberta to develop new industries, as well as developing high-tech materials to support energy storage, renewable energy development and other advanced materials such as carbon nanomaterials, etc.  David brings over 24 years of project management, business unit management and environmental leadership in several sectors, including power, oilsands, mining and real estate.  His vision is to lead efforts to improve the ecological, social and economic footprint of these sectors, to improve our relationship with the natural environment.  Kirk HamiltonKirk Hamilton is a Senior Engineering Advisor with 20 years of advanced applied research and development experience at C-FER Technologies in Edmonton, Canada on a wide range of upstream and midstream energy topics. In his current role, Kirk works on strategic and business planning for C-FER identifying, developing, and implementing C FER's strategic diversification objectives.His current scope is addressing the technical challenges faced by global stakeholders in the transition to a hydrogen-based economy, in particular around pipeline transportation and underground storage of hydrogen.  As part of this scope of activities, Kirk is working closely with the Transition Accelerator to assist the Edmonton Region Hydrogen Hub in building up the hydrogen economy in the Edmonton area as one of the world's first hydrogen energy hubs.In addition to his work for C-FER, he is also an active member of a number of American Petroleum Institute (API), Canadian Standards Association (CSA) and International Standardization Organization (ISO) technical committees on equipment and materials codes and standards. Kirk obtained a BSc. in Mechanical Engineering from the University of Alberta in 2001.More readingAlberta's hydrogen roadmapWhy hydrogen...and why now?Alberta government's Hydrogen Roadmap accelerates goal of exporting globally by 10 years

Show #1262 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 31st October. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. HOW EARLY FSD ADOPTERS WERE LEFT BEHIND IN LIMBO - Elon Musk, for his part, has assured FSD buyers that their vehicles would have the necessary hardware when Tesla achieves full autonomy. And to some degree, Musk has stayed true to his word. Owners of older vehicles that purchased FSD were provided a free upgrade to Hardware 3.0. Tesla, however, has introduced its MCU1 to MCU2 retrofit as a paid upgrade. Quite unsurprisingly, some early FSD adopters opted out of the optional infotainment system update. This has proven to be problematic. - One prevalent theme among the early FSD adopters who contacted Teslarati with their stories was the lack of communication on Tesla's part. This is something that has been reported by longtime Tesla owners for some time now. And while it is understandable that Tesla is juggling a lot of balls in the air as it expands its business to other countries and other segments, having a responsive communications team, or at least investing some of its funds into the creation of one, would definitely not hurt. Original Source : https://www.teslarati.com/tesla-fsd-beta-missing-feaures-mcu1-limbo/ EV CANNONBALL RECORD SHATTERED BY DUO IN RENTED TESLA MODEL S - Doing so required a Herculean effort. Levenson, founder of EV promotion and rental company The Kilowatts, planned the run as part of his broader mission to demonstrate the capability and excitement of modern EVs. He'd partially accomplished that back in 2017, but because he was an employee of Tesla at the time, he did it mostly on the down-low. Now, he can share his story - His official record, set with friend and co-driver Josh Allen on October 22, 2021 in a 2021 Tesla Model S Long Range, would be 42 hours and 17 minutes. That beats the previous coast-to-coast electric vehicle record of 44 hours and 26—set in a Porsche Taycan—by over 2 hours. - He'd usually arrive with less than 10 percent charge and leave with around 50 percent. Those took an average of 18 minutes across his 24 stops, a total of just over seven hours sitting still. - Levenson swapped the wheels for the run, ditching the less efficient 21-inch wheels in favor of Tesla's more aerodynamic 19-inch "Tempest" ones. Original Source : https://www.roadandtrack.com/news/a38095522/ev-cannonball-record-tesla-model-s/ TESLA MODEL S PLAID COMPLETE 0-100% SUPERCHARGING ANALYSIS - Earlier in the week, we conducted the InsideEVs 70-mph range test on a 2021 Tesla Model S Plaid, in which the vehicle went 300 miles from 100% to 0% state of charge. Since we began and ended the range test at a supercharger, at the conclusion of the range test we had the opportunity to record a full 0% to 100% charging session on a V3 supercharger station. - Upon plugging in, the Plaid immediately shot up to 147 kW and then gradually crept up to the 250 kW maximum charge rate. That happened after two and a half minutes when the Plaid was at 5% state of charge. It then held the 250 kW maximum charge rate for 7 minutes, and at that point, the state of charge was 33%. - The new Model S will charge from 0 to 78% in 30 minutes, and it then takes another 30 minutes to add the final ~22%, further proving that if you really don't need the extra range, it's much better to unplug and move on after 20 to 30 minutes of charging. - The Plaid reaches 80% SOC in 31.5 minutes and the charge rate is down to 70kW. Original Source : https://insideevs.com/news/544379/tesla-model-s-plaid-supercharging/ WHEN ASKED TO STOP LOBBYIST EFFORTS AGAINST ELECTRIC VEHICLES, BIG OIL STAYS SILENT - The CEOs of BP, Chevron, ExxonMobil and Shell appeared before the Committee on Oversight and Reform on Thursday to answer questions about their alleged part in the spread of disinformation about the role of fossil fuels in global warming. - Also in attendance was the president of the American Petroleum Institute (API), a nonprofit lobbying entity for the oil industry - One of the API's recent efforts includes a campaign against electric vehicles. - California Congressman Ro Khanna pressed Shell President Gretchen Watkins on whether she would agree to tell API President Mike Sommers to cease his agency's campaign against electric vehicles. Watkins stopped short of making that declaration, saying, "There are several places where we are not fully aligned with the API." - The CEOs of BP, Exxon, and Chevron also declined to outright ask the API to pull its campaign funding. Khanna asked them if they would leave the API if it continued its lobbying against electric vehicles. They all remained silent. - The API boasts revenue of over $238 million, according to its most recent tax filing. The Guardian reported in July that Shell gave the agency $10 million, noting that BP, Chevron and Exxon were also major contributors, despite their contribution sums remaining private. Original Source : https://www.newsweek.com/when-asked-stop-lobbyist-efforts-against-electric-vehicles-big-oil-stays-silent-1643644 SK INNOVATION TO DEVELOP ALL-SOLID-STATE BATTERIES WITH US FIRM - SK Innovation Co., a South Korean battery maker, said Thursday it will develop and produce all-solid-state batteries with a US firm, in a bid to expand its foothold in the next-generation battery market. - Under the joint venture deal with Solid Power, a Colorado-based solid-state battery developer, SK Innovation will invest $30 million to acquire a stake in the American company - If the target energy density is achieved, it will mean higher performance by about 33 percent than that of lithium-ion batteries, the company said. Original Source : http://www.koreaherald.com/view.php?ud=20211028000655&np=7&mp=1 CHINESE ELECTRIC VEHICLE MAKER BYD LAUNCHES $1.8 BILLION RAISE Original Source : https://kfgo.com/2021/10/29/chinese-electric-vehicle-maker-byd-launches-1-8-billion-capital-raising-term-sheet/ CHINA CLAIMS TITLE OF HAVING WORLD'S LARGEST EV CHARGING NETWORK Original Source : https://electrek.co/2021/10/29/china-claims-title-of-having-worlds-largest-ev-charging-network/ 5 CHARTS EXPLAINING THE FUTURE OF EV BATTERIES Original Source : https://www.morningbrew.com/emerging-tech/stories/2021/10/28/5-charts-explaining-the-future-of-ev-batteries-the-backbone-of-the-electric-transition BUILDING OUT EV CHARGING INFRASTRUCTURE: Q&A WITH NYC'S ELECTRIC VEHICLE POLICY DIRECTOR Original Source : https://www.forbes.com/sites/stacynoblet/2021/10/28/qa-with-mark-simon-director-electric-vehicle-policy-nyc-dot-on-building-ev-charging-infrastructure/ NEW QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM With the COP26 climate summit now underway in Scotland, what would you like to tell the politicians or the rule makers about electric cars? Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ 

Is America Ready to Take a ‘Baby Step' Toward Carbon Pricing? Most people recognize that carbon dioxide (CO2) is a greenhouse gas (GHG), and while not everyone agrees, a majority of climate scientists believe increasing GHG concentrations in the Earth's atmosphere are causing climate change. Carbon pricing is a market-based strategy for reducing CO2 emissions. The goal of carbon pricing schemes is to place a value on carbon emissions so that the costs can be passed on to GHG emitters, thereby creating financial incentives to reduce emissions. However, enacting a carbon pricing strategy in the U.S. has been difficult. Some observers blame the fossil fuel industry, such as coal mining and oil drilling companies, for lobbying in Washington to halt carbon pricing efforts. Yet, even some fossil-focused groups are getting behind the idea. In March this year, the American Petroleum Institute (API), an advocacy group representing all segments of America's natural gas and oil industry, endorsed “a Carbon Price Policy to drive economy-wide, market-based solutions.” Another strong proponent of carbon pricing is Neil Chatterjee, a former commissioner and chairman with the Federal Energy Regulatory Commission (FERC), who recently joined Hogan Lovells as a senior advisor in the firm's Energy Regulatory practice group. As a guest on The POWER Podcast, Chatterjee said, “As someone who had a front row seat to the challenges within competitive power markets in the U.S., I have really come to the conclusion that pricing the externality—putting a price on carbon—is a vastly superior approach to carbon mitigation than subsidies or mandates or over-reaching burdensome regulations. I just think that given those choices—I saw it firsthand—a carbon price is a far more effective and efficient market-based approach to carbon mitigation.” Chatterjee spearheaded an effort to provide clarity for regional transmission organizations (RTOs) and independent system operators (ISOs), which resulted in a FERC policy statement on carbon pricing. Chatterjee said a FERC policy statement is not like a rulemaking, but rather, it provides a roadmap to stakeholders for how to engage with the commission. “I wanted to make clear that: A) the commission didn't have the ability to unilaterally impose, collect, and administer a price on carbon but, B) that should a state implement a price on carbon that got incorporated into an RTO or ISO tariff, that there was a roadmap whereby the commission could make a determination of whether such a tariff change was just and reasonable,” he explained. “And the reason I think it's important is I do think you have a couple of RTOs and ISOs who are looking at the possibility of incorporating a carbon price. And some people will say, ‘Well, that's just a baby step.' Well, I say, let's take the baby step. “We've had economists across the political spectrum say that this is an effective market-based way to decarbonize,” Chatterjee said. “Let's take a baby step. Let's see if an RTO or an ISO can implement a price on carbon, if this iteration of FERC can make the determination that such a price on carbon is just unreasonable, and then let's see if it works. And perhaps, if we have that successful model within the U.S. power market, and we take that baby step successfully, then maybe other grid operators will take note of that, and you could see further utilization of this market-based tool.”

We had the great opportunity to visit with Mike Sommers, President and CEO of the American Petroleum Institute (API) in today's session. Founded over 100 years ago, the API represents all segments of America's oil and natural gas industry with over 600 current members. Their mission is to promote safety across the industry globally and to influence public policy in support of a strong, viable U.S. oil and natural gas industry. They are fighting hard in today's politically overcharged Washington DC - it was a real honor and pleasure to host Mike today.Our discussion started with API's history and how they work with their members to advance policy at the federal and state level. We touched on a number of topics including U.S. energy independence, the shale revolution, API's Environmental Partnership Program, their Climate Action Framework to advance new technologies, coal to gas switching, the frequently undiscussed cost benefit analysis framework in GHG reduction, and much much more. It was a passionate, candid and informative discussion and we want to thank Mike and his team for their time and commitment to educating our elected representatives.​​​​​​The TPH crew kicked off the conversation: Mike Bradley took a look at rising European power prices and implications ahead of the UN Climate Conference in November. Matt Portillo echoed Mike's comments and turned it over to Matthew Blair who shared a few key points from TPH Research's recent "RNG 101" report.----------Copyright 2021, Tudor, Pickering, Holt & Co. The information contained in this update is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. This update is designed to provide market commentary only. This update does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing contained in this update is intended to be a recommendation of a specific security or company nor is any of the information contained herein intended to constitute an analysis of any company or security reasonably sufficient to form the basis for any investment decision. Past performance is not indicative of future results. Tudor, Pickering, Holt & Co., and its officers, directors, shareholders, employees and affiliates and members of their families may have positions in any securities mentioned and may buy or sell such securities before, after or concurrently with the publication of this update. In some instances, such investments may be inconsistent with the views expressed herein. Tudor, Pickering, Holt & Co. may, from time to time, perform or solicit investment banking or other services for or from a company, person or entities mentioned in this update. Additional important disclosures, including disclosures regarding companies covered by TPH's research department, may be found at www.tphco.com/Disclosure. Tudor, Pickering, Holt & Co. (TPH) is the global brand name for Tudor, Pickering, Holt & Co. Securities, LLC, Tudor, Pickering, Holt & Co. Securities – Canada, ULC, Perella Weinberg Partners LP, and their affiliates worldwide. Institutional Communication Only. Under FINRA Rule 2210, this communication is deemed institutional sales material and it is not meant for distribution to retail investors. Recipients should not forward this communication to a retail investor.

The European Automobile Manufacturers' Association (ACEA) published the latest ACEA European Engine Oil Sequences on April 30, 2021, with first allowable use commencing on 1 May 2021. For the first time, ACEA has split the light- and heavy-duty specifications, with only the light-duty standards updated. The heavy-duty and passenger car efforts are moving at different speeds and some tests for the heavy-duty specification are not ready. During the latest episode of F+L Podcast, F+L Asia Ltd Editor-in-Chief, Vicky Villena-Denton, had a conversation with Chevron Oronite's Richard van den Bulk, to understand Europe's new engine oil requirements. Van den Bulk is managing the Global OEM Liaison Team within Chevron Oronite, a position he assumed in 2018. He is responsible for guiding the long-range strategies for automotive engine oil additive packages as well as lubricant technology for the newest engine technologies for the U.S.-based additive company. He is based in Rotterdam, The Netherlands. The two new ACEA Light Duty Engine Oil Sequences categories are A7/B7-21 for High Sulphated Ash, Phosphorous and Sulphur (SAPS), and the Lower SAPS, C6-21. One of the interesting aspects of the latest update is the inclusion of tests developed by ASTM International for the American Petroleum Institute (API) engine oil specifications and a JASO fuel economy test. In the past, different tests in Europe and the United States have examined the same type of parameters. ACEA has taken the pragmatic approach of seeking global alignment and cost reduction. An increasing number of countries are banning the internal combustion engine (ICE). Van den Bulk suggests politicians are being wooed by zero tank-to-wheel emissions and are not accounting for the full lifecycle impact of electric vehicles (EV)—particularly the energy-intensive battery manufacturing process. With the increasing politicisation of the ICE, and the increasing uptake of electric vehicles, will these be the last of the ACEA Engine Oil Sequences? It is incredibly challenging for OEMs to meet carbon dioxide limits and with future bans on ICE, investment in new technology is challenging. At this point, there has been no dialogue from ACEA on the development of specifications for EVs. ACEA specifications continue to focus purely on combustion engines.

Dean Foreman, Chief Economist, American Petroleum Institute (API), and Prentiss Searles, Petroleum Marketing Policy Manager, American Petroleum Institute (API) joined Grayson Brulte on The Road To Autonomy Podcast to discuss the economic impact of the U.S. oil industry.The conversation begins with Dean sharing an overview of the current state of the U.S. oil markets.We have historically strong demand, potentially record demand this year and next combined. Weak drilling activity, weak investment. That opens the question of just the extent that the U.S. can participate in this recovery. – Dean ForemanThe U.S. is no longer an exporter of oil, the U.S. is once again a net-importer of oil.In 2020 [The United States] was a net-exporter of between $15 and $16 billion dollars. We have gone from imports of $300 to $400 billion dollars a year to exports of $15 to $16 billion and potentially is the U.S. energy revolution remains intact the ability to grow that. – Dean ForemanA recent report has stated that the United States could be heading for an oil shortage in 2022. Grayson asks Dean about this report and what the potential impact will be on the economy and the average consumer. Dean explains how this could lead to higher costs for transportation and the shipment of goods.With a potential oil shortage, Grayson asks Prentiss what it will mean for U.S. consumers and their driving habits. Looking back in history, Prentiss discusses how U.S. drivers changed their driving habits to save money and why consumers may opt for hybrid vehicles if this scenario happens.Hybrids definitely provide economic ways to achieve higher fuel economy. – Dean ForemanAs society starts to shift to electric vehicles, Grayson asks Dean about the economics and the potential impact policy will have on cost increases for consumers.By having an EV mandate built into the economy will impact the amount of vehicles that are available for the secondary market to purchase. That ends up having an additional cost and EVs are $10 to $15 thousand dollars more compared to an equal-sized vehicle. – Prentiss SearlesStaying on the theme of policy, Grayson asks Dean about a Tampa, Florida Council Member who proposed banning fossil fuels and any new fossil fuel infrastructure in the city of Tampa by 2030. Dean who is originally from Tampa, explains what the negative impact would be on Florida's economy.This would be one way to really grid Florida's economy to a halt. – Dean ForemanThe natural gas and petroleum industry supports more than 10 million jobs in the United States. The average salary in the industry is $50,000 above the nationwide average.Shifting the conversation back to passenger cars, Grayson asks Prentiss what would the current state of the electric vehicle market look like if there were no subsidies? Prentiss explains that there would still be a market for electric vehicles, but the market would not be as large as it is today. He cites Georgia as an example, when the electric vehicle tax credit was removed, EV sales plunged by 90% in the State.Referencing an article in the Wall Street Journal about how automakers are trying to increase sales of electric vehicles by demanding higher taxes on conventional vehicles that burn gas and diesel fuel, Grayson asks Dean when do shareholders raise the economic concerns of this strategy.The conversation flows into a discussion about free markets and when do market-based economics return instead of markets being driven by policy.Consumers are ultimately going to be the ones who have to choose. Affordability is going to rule. We have to have an embedded faith that consumer preferences will ultimately speak and that this will play out. – Dean ForemanLooking at the passenger vehicle market, Prentiss shares his thoughts on free markets and consumer choice of vehicles. Consumers will end up choosing vehicles that meet their needs.Regardless of how quickly EVs take off as a percentage of sales, in 20 years, the majority of vehicles are still going to remain internal combustion vehicles. – Prentiss SearlesExpanding upon consumer choice, Prentiss discusses the best ways to reduce carbon emissions of vehicles without having a negative economic impact. As more electric vehicles come online with charging infrastructure, Dean discusses what the potential economic impact will be on the petroleum market.Wrapping up the conversation, Dean and Prentiss discuss the future of the petroleum industry.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US equity markets fell for a second consecutive session, shrugging off some solid corporate earnings releases and with re-opening plays such as airlines and cruise line operators led losses – Dow down -256-points or -0.75% , with Boeing Co (down -%) and Nike Inc (-%) both dropping more than >4%. International Business Machines (IBM) Corp rose over +3.79% after posting better-than-expected first quarter earnings per share (EPS) and revenue after the closing bell of the previous session. The broader S&P 500 lost -0.68%, with Energy (down -2.66%) leading seven of the eleven primary sectors lower. The more defensive Utilities (up+1.32%) and Real Estate (+1.12%) both advanced over >1%. United Airlines Holdings Inc fell -8.53% after the carrier recorded its fifth consecutive quarterly loss after the close of the previous session. American Airlines Group Inc fell -5.48%, while cruise operators Carnival Corp (down -4.35%) and Norwegian Cruise Line Holdings (-4.36%) both fell over >4%. The Nasdaq -0.92% Apple Inc (down -1.28%) launched a new iMac and iPad with its M1 chips at a spring event overnight. The small capitalisation Russell 2000 index fell -1.96%. In merger and acquisition (M&A) news, Kansas City Southern soared +15.25% after The Wall Street Journal reported that Canadian National Railway Co (-6.76%) was planning to make a buyout bid for the railroad operator of ~US$30B, which would top Canadian Pacific Railway Ltd.'s previously agreed on buyout bid.•In US corporate earnings, Netflix Inc dropped over >8% in extended trading after the streaming video company posted disappointing subscriber growth for the March quarter. For the period, Netflix added 4M net new subscribers, falling well short of the company's guidance target of 6M, while the company sees just 1M net additions in the June quarter. Netflix finished March with 208M subscribers, up 14% from a year ago. For the March quarter, Netflix reported revenue of up 24% from a year ago to US$7.16B and slightly ahead of the company's projection of US$7.1B. Profits were US$3.75 per share, ahead of the company's estimate of US$2.97 a share. Netflix forecast June quarter revenue of US$7.3B, just below the current Wall Street consensus at US$7.4B, with profits of US$3.16 per share (above the current consensus analyst estimate at US$2.69 per share). Railroad operator CSX Corp fell over >1.5% in after hours trading after reporting that first quarter revenue fell -1% to US$2.81B (versus consensus forecasts for US$2.79B), citing “difficult operating conditions”. Net income fell more than >% to US$706M or US$0.93c versus consensus analyst estimates for US$0.93c. President and chief executive James Foote noted that “the strengthening economic momentum is providing added visibility into volume growth. Johnson & Johnson rose +2.33% after reporting first-quarter profit and sales that topped expectations, citing strength in its pharmaceutical business and continued recovery in medical devices. The company also reported US$100M in first-quarter sales of its COVID-19 vaccine that's on hold in the U.S. while health regulators investigate a rare blood-clotting issue. Abbott Laboratories fell -3.6% despite exceeding earnings expectations during a quarter in which sales of its COVID-19 tests made up 20% of total revenue. Consumer staples group and Dow constituent Procter & Gamble Co settled +0.83% higher after posting better-than-expected third quarter earnings and flagged that it would be raising prices on certain product categories. Fellow Dow component Travelers Companies Inc rose +0.87% after posting quarterly figures that topped consensus forecasts, raised its cash dividend and approved an additional US$5B of share buybacks. Aerospace and defence giant Lockheed Martin Corp fell -1.12% despite exceeding consensus first quarter earnings per share (EPS) estimates by 4%. Philip Morris International gained +2.54% after the tobacco group reported better-than-expected first-quarter profit and revenue. Baker Hughes Co, Chipotle Mexican Grill Inc, Haliburton, Lam Research Corp and Verizon Communications Inc are among companies slated to report tonight AEST. •The Travel and Leisure and Banking sectors both dropped -3.7% to lead all major sectors and major European bourses lower, leaving the benchmark pan-European Stoxx 600 index (which includes UK equities) nursing a -1.90% decline. Germany's DAX fell -1.55% . Bayerische Motoren Werke (BMW) AG fell -3.36% . France's CAC -2.09%. French food group Danone SA fell -1.8% after posting a -3.3% fall in first-quarter sales but maintained its goal of returning to profitable growth in the second half of the year Interim co-Chief Executives Veronique Penchienati-Bosetta and Shane Grant said that the company “continue to expect a return to like-for-like sales growth in the second quarter, and to profitable growth in the second half of 2021". French car parts maker Faurecia rose 1% after first-quarter sales beat market expectations, underpinned by strong growth in China. In broader stock moves, Austrian chipmaker ams AG tumbled 13.26% after a media report that it lost some business from Apple Inc. Sandvik AB (down -2.56%) said that order intake increased organically in the first quarter by +12% to SEK 25,847M (~US$2.97B) "...driven by strong momentum in mining and continued improvement in short-cycle businesses." Sandvik runs a mining equipment business, alongside machine tooling and materials technology business. Mining accounts for 40% of the company's revenues. "We continued to see strong momentum in mining with accelerating demand for our equipment, parts and services. The order intake level for Sandvik Mining and Rock Solutions was at an all-time high, driven by organic growth of +36% year on year," said Sandvik Chief Executive Officer (CEO) Stefan Widing in a news release. The European Medicines Agency said its safety committee concluded that a warning about unusual blood clots with low blood platelets should be added to the product information for Johnson & Johnson's coronavirus vaccine, but said the benefits outweighed the risk. In economic data, the German producer price index (PPI) for March•London's FTSE 100 shed -2.00%. Associated British Foods Plc fell -5.93% after adjusted operating profit almost halved from the same period last year. Rio Tinto Plc fell -2.2% following the iron ore major's first quarter operations review. In economic data, labor market data for March recorded that UK unemployment rate unexpectedly declined for a second consecutive month to 4.9% despite tight nationwide COVID-19 lockdown measures. Consumer price inflation (CPI) and producer price inflation (PPI) figures for March are released tonight AEST. •Base metals weaker across-the-board – copper lost -0.53% to ~US$4.23/lb after rising as much as +1.1% to US$9,483 per tonne or ~US$4.30/lb earlier in the session, and flirting with the US$9,617 per tonne level hit in February (which was its highest since August 2011). The most-traded June copper contract on the Shanghai Futures Exchange rose as high as ¥69,750 yuan (~US$10,737) per tonne, not far from its February peak of ¥71,080 per tonne (which was its highest since March 2011) before settling +1.1% higher at ¥69,450 per tonne. Elsewhere, nickel fell -0.84%, aluminium -0.80% and zinc -1.46%. The People's Bank of China (PBoC) yesterday (20 April) left their benchmark one year loan prime rate (LPR) unchanged for a twelfth consecutive month at 3.85% as widely expected (while the five-year rate also remained steady at 4.65%). •Benchmark spot iron ore (62% fines) jumped +US$7.81c or +4.30% to US$189.61mt . China's most traded iron ore futures contract (September delivery) rose over >4% yesterday (20 April) to hit a new record high of ¥119.05. The World Steel Association released its Short Range Outlook for 2021 and 2022 yesterday (20 April) and forecasts that steel demand will grow by 5.8% in 2021 to reach 1,8740.0M tonnes, after declining -0.2% in 2020. The association forecasts steel demand to see further growth of 2.7% to 1,924.6M tonnes in 2022.•Gold futures (June delivery) added +US$7.80 or +0.4% to US$1,778.40/oz, reversing an earlier decline as US Treasury yields receded. Silver futures (May delivery) unchanged at US$25.84/oz. •Oil prices retreated as record cases of COVID-19 in India (the world's third-largest importer of oil) dimmed the outlook for the nation's economy and energy demand, while there was apparent progress in the Iran's nuclear deal negotiations - WTI fell -US$0.94c or -1.5% to US$62.44/barrel, with the May contract expiring at the conclusion of the session. Last night's session marked the one-year anniversary of a negative price close for the front-month WTI crude futures contract. On 20 April, 2020 the May WTI crude plummeted -306% or -US$55.90, to settle at negative -US$37.63/barrel. The new front month June WTI contract fell -US$0.76c or -1.2% to US$62.67/barrel. Brent shed -US$0.48c or -0.7% to US$66.57/barrel. India's Prime Minister Narendra Modi held an address to the nation on Tuesday (20 April), ruling out a nationwide lockdown as a measure to curb the pandemic and urging states to ensure that lockdowns are only chosen as the last resort, according to the Hindustan Times. Elsewhere, Bloomberg reported that Iran's President Hassan Rouhani said negotiations toward a nuclear deal were 60% to 70% complete. Meanwhile, the U.S. House Judiciary Committee's move on the No Oil Producing and Exporting Cartels Act of 2021, known as NOPEC, called attention to long-running efforts to by the U.S. to make it illegal for the Organisation of Petroleum Exporting Countries (OPEC) to manipulate oil prices. The NOPEC bill would make it illegal for any foreign state to act collectively to limit oil production or set prices. After the markets' close, the American Petroleum Institute (API) released their latest weekly inventory data, recording a +436K barrel increase in US crude stoc

Biosynthetic® Technologies recently announced the global launch of their new product line of novel additives for metalworking fluids (MWF) called Biocea™. These novel sustainable additives use the patented estolide technology. These MWF additives are biobased, biodegradable, non-bioaccumulative, and non-toxic. Biocea additives leverage Biosynthetic Technologies' proprietary estolide technology for high demanding water soluble, synthetic, and conventional oil additive applications. Biocea additives, which are produced from castor oil derivatives in India, enhance the lubricity, polarity, film strength, biostability, hydrolytic stability, and oxidative stability of the base fluid. In this podcast, Mark Miller, CEO of Biosynthetic Technologies, talks about this unique biodegradable MWF additive, plus the company's plan in the engine oil space, as it pursues its ILSAC GF-6 certification from the American Petroleum Institute (API) for its estolide base fluids.

We interview Jeff Harmening, Manager of the Engine Oil Licensing Certification System (EOLCS) of the American Petroleum Institute (API) about GF-6, and their recent decision to open emergency provisional licensing for oils during the COVID-19 pandemic.