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Ghanaian press · Organization

American Petroleum Institute

Also known as: API

American Petroleum Institute — energy industry organization that commented on fuel price movements relative to crude oil costs in June 2026.

2026-05-202026-08-23

In coverage

Verbatim sentences from the source article.

  1. August 2026
  2. Joy Online

    In ​the U.S., ⁠crude oil and distillate inventories fell, while gasoline stocks rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute.

    Oil edges up on uncertainty over exports through Hormuz
  3. Joy Online

    However, market sources citing American Petroleum Institute data said U.S. crude inventories rose ​sharply in the week ​ended August 7, ⁠while gasoline and distillate stocks fell.

    Oil rises as doubts over US-Iran deal heighten supply concerns
  4. July 2026
  5. Joy Online

    U.S. crude inventories fell by about 3.3 million barrels in the week ended July 24, market sources said ​on Tuesday, citing data from the American Petroleum Institute.

    Oil rises as US-Iran tension escalates after Iraq strikes, missile attack
  6. Joy Online

    Data from the American Petroleum Institute showed that U.S. crude and ⁠distillate inventories ​rose last week, while gasoline stockpiles fell, ​market sources said.

    Oil prices rise slightly after US announces new round of strikes on Iran
  7. Joy Online

    U.S. crude oil inventories fell again last week, market sources said on Tuesday, ​citing data from the American Petroleum Institute.

    Oil prices climb as US strikes on Iran fuel fears truce is unravelling
  8. June 2026
  9. Joy Online

    The American Petroleum Institute, which represents the oil and gas industry in the US, said fuel prices “don’t move in lockstep with crude oil”.

    Oil price falls back to pre-Iran war levels
  10. Joy Online

    The American Petroleum Institute (API), which represents the oil and gas industry in the US, said petrol prices “don’t move in lockstep with crude oil”.

    Trump accuses big oil firms of price-gouging drivers
  11. Joy Online

    Meanwhile, crude stocks fell by 765,000 barrels ⁠in ​the week ended June 19, market sources said, citing data from ​the American Petroleum Institute released on Tuesday.

    Oil extends slide on expectations of smoother crude flows via Hormuz
  12. Joy Online

    OIL INVENTORIES: The oil market awaited weekly storage reports from the American Petroleum Institute trade group later on Tuesday and the U.S.

    Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open
  13. Joy Online

    Meanwhile, U.S. crude oil inventories fell last week ​for an eighth ⁠consecutive week, according to market sources citing data from the American Petroleum Institute released on Tuesday, while gasoline stocks also declined.

    Oil climbs as US-Iran tensions flare again while stockpiles tighten
Mining & Energy

Oil prices rise amid uncertainty over Strait of Hormuz access

The News

Oil prices climbed for a fourth straight day as investors weighed conflicting statements from Tehran and Washington on whether the Strait of Hormuz is open to shipping. Brent crude futures rose 0.29% to $91.28 a barrel, while U.S. West Texas Intermediate crude futures were up to $85.31 a barrel, amid a lapsed ceasefire agreement between the U.S. and Iran.

19 August 2026 · Joy Online

Wednesday 19 August

  1. Oil prices rise amid uncertainty over Strait of Hormuz access

    Oil prices climbed for a fourth straight day as investors weighed conflicting statements from Tehran and Washington on whether the Strait of Hormuz is open to shipping. Brent crude futures rose 0.29% to $91.28 a barrel, while U.S. West Texas Intermediate crude futures were up to $85.31 a barrel, amid a lapsed ceasefire agreement between the U.S. and Iran.

    19 August 2026 · Joy Online

Wednesday 12 August

  1. Oil prices rise amid Iran deal doubts and Middle East attacks

    Oil prices climbed on Wednesday as doubts over a U.S.-Iran peace deal and attacks on ships in the Middle East heightened supply concerns, with Brent futures gaining 0.81% to $89.63 a barrel and U.S. WTI crude rising 0.85% to $83.91.

    12 August 2026 · Joy Online

Wednesday 29 July

  1. Oil prices surge on US-Iran military escalation in Middle East

    Oil prices rose more than $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East. Brent futures increased 3.9% to $87.39 a barrel, while U.S. WTI crude rose 3.8% to $82.31 a barrel.

    29 July 2026 · Joy Online

Wednesday 22 July

  1. Oil prices rise on Iran-US military strikes, supply fears

    Brent crude futures rose 0.55% to $91.51 and U.S. West Texas Intermediate climbed 0.36% to $84.64 after U.S. forces struck Iranian military targets for the 11th straight night and Kuwait reported Iranian drone attacks. Fears of supply disruptions intensified as Yemen's Houthis threaten to target vessels carrying Saudi oil in the Red Sea.

    22 July 2026 · Joy Online

Wednesday 8 July

  1. Oil prices climb on US strikes against Iran and sanctions reimposition

    Oil prices rose nearly 2% after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions in response to Iranian attacks on commercial vessels in the Strait of Hormuz, raising concerns about supply disruptions and the fragility of a recent U.S.–Iran truce.

    8 July 2026 · Joy Online

Friday 26 June

  1. Oil prices fall to pre-Iran war levels as Strait reopens

    Global benchmark Brent crude has fallen below $72.48 a barrel, the price before US and Israel launched attacks on Iran on 28 February, as traffic through the Strait of Hormuz resumes following a US-Iran Memorandum of Understanding on 17 June for nuclear negotiations and measures to end the war.

    26 June 2026 · Joy Online

Thursday 25 June

  1. Trump orders DOJ probe into oil companies' price-gouging claims

    US President Donald Trump has ordered an investigation into major energy companies, accusing them of failing to cut fuel prices proportionally after wholesale oil costs fell in global markets. He said petrol prices have not fallen "a lot faster," while the American Petroleum Institute noted that petrol prices do not move in lockstep with crude oil.

    25 June 2026 · Joy Online

Wednesday 24 June

  1. Oil prices fall on improved Strait of Hormuz transit prospects

    Oil prices fell more than 1% on Wednesday, extending weekly losses and trading near four-month lows, as signs emerged that stranded tankers in the Gulf are set to move through the Strait of Hormuz. Prices also came under pressure from Washington's 60-day sanctions waiver allowing Iran to sell oil and easing hostilities in Lebanon.

    24 June 2026 · Joy Online

Wednesday 17 June

  1. Oil prices fall 5% to 3-month low on Middle East deal hopes

    Brent crude fell 5.1% to $78.96 a barrel and U.S. WTI fell 5.8% to $76.05 on Tuesday, reaching their lowest levels since March, as details emerged of an interim deal to end the Middle East war and reopen the Strait of Hormuz, including an agreement allowing Iran to sell oil.

    17 June 2026 · Joy Online

Wednesday 10 June

  1. Oil rises on US-Iran tensions and tightening crude stockpiles

    Oil prices climbed Wednesday after the U.S. military struck Iranian targets in response to the downing of a U.S. Apache attack helicopter, and as U.S. crude stockpiles posted another large draw. Brent futures rose 0.7% to $92.11 a barrel and U.S. West Texas Intermediate crude climbed 0.7% to $88.80.

    10 June 2026 · Joy Online

Wednesday 20 May

  1. Oil prices ease as Trump signals quick end to Iran war

    Oil prices fell on Wednesday after U.S. President Donald Trump asserted the war with Iran will end "very quickly," though investors remain cautious about peace talks and Middle East supply disruptions. Brent crude fell 0.8% to $110.40 a barrel and U.S. West Texas Intermediate fell 0.6% to $103.48.

    20 May 2026 · Joy Online

American Petroleum Institute — Ghanaian press coverage · Ghana Minute