American Petroleum Institute & Scott Bessent
9 shared events · Importance 5 · Last updated Jul 04, 2026
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International
American Petroleum Institute: The American Petroleum Institute>>> released data showing a significant fall in US crude oil inventories, contributing to concerns about supply.
Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.
Apr 20, 2026 · 607 articles
International
American Petroleum Institute: API data showed crude and distillate inventories fell, supporting oil prices.
Scott Bessent: Treasury Secretary Bessent announced new economic measures on Iran, increasing pressure.
Aug 17, 2026 · 33 articles
Domestic
American Petroleum Institute: The American Petroleum Institute, through its spokesperson Bethany Williams, has stated that gasoline prices do not move in lockstep with crude oil, especially during global disruptions, and that the industry shares the goal of delivering relief at the pump.
Scott Bessent: Scott Bessent, the Treasury Secretary, warned producers and refiners of potential administrative action if pump prices do not decline sharply.
Apr 20, 2026 · 25 articles
International
American Petroleum Institute: API asked USTR to drop duties on industrial inputs critical to the oil and gas industry.
Scott Bessent: Treasury Secretary Scott Bessent vowed to use other legal authorities to recoup lost tariff revenue.
Apr 20, 2026 · 318 articles
International
American Petroleum Institute: The American Petroleum Institute's chief economist noted that India's constrained LPG supply is adding pressure to an already tight United States — California gasoline market due to reduced alkylate exports.
Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.
May 05, 2026 · 374 articles
International
American Petroleum Institute: Provides industry inventory data that moves markets.
Scott Bessent: US Treasury Secretary hinted at a possible deal, indicating economic considerations in the negotiations.
Mar 09, 2018 · 316 articles
International
American Petroleum Institute: The American Petroleum Institute provided figures on US crude oil, gasoline, and distillate inventories.
Scott Bessent: Scott Bessent, the US Treasury Secretary, stated that the US naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
Apr 26, 2026 · 590 articles
International
American Petroleum Institute: The American Petroleum Institute reported that US crude oil inventories jumped for the third straight week.
Apr 11, 2026 · 300 articles
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