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Led by gasoline and seasonal demand for heating fuels, US petroleum demand hit 20.3 million b/d in February. Demand was up by more than 1 million b/d from February 2017, nearing record highs not seen for more than a decade, according to the American Petroleum Institute.

Thirty-nine US senators urged the Trump administration to use all tools at its disposal—including a provision in the 2017 Countering America’s Adversaries Through Sanctions Act (CAATSA)—to prevent construction of the Nord Stream 2 natural gas pipeline. 

President Donald J. Trump said he plans to impose import tariffs of 25% on steel and 10% on aluminum imports next week. 

Total has acquired a 16.33% interest in the Waha concessions in Libya’s Sirte basin with the purchase of Marathon Oil Libya Ltd. for $450 million.

The US Environmental Protection Agency hosted a two-day oil and gas roundtable with stakeholders including state and local leaders, Indian tribes, trade associations and producers, and environmental organizations.


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