American Petroleum Institute

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DEFINITION of 'American Petroleum Institute'

A leading oil and gas industry trade association. The American Petroleum Institute is involved with public policy and industry lobbying efforts, environment, health and safety regulations, training and certification programs, and establishing a variety of industry standards.

BREAKING DOWN 'American Petroleum Institute'

The American Petroleum Institute has approximately 400 corporate members which represent a wide range of subdivisions within the oil and gas industry. The institute also compiles a variety of industry statistics and distributes more than 200,000 copies of its publications relevant to operators in the oil and gas industry each year.

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RELATED FAQS
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    Domestic energy investors should track the reserve inventory of crude oil for the United States, which is released in a weekly ... Read Full Answer >>
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    Oil and gas are two expansive and highly diverse product lines, with active competition domestically and internationally. ... Read Full Answer >>
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    The oil sands of Canada are some of the most expensive crude oil assets in the world to produce. Each asset type, such as ... Read Full Answer >>
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    Average costs vary widely between different types of oil rigs, starting at around $20 million and ranging as high as close ... Read Full Answer >>
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