API Crude Oil Stock Change in the United States decreased to -4.60 BBL/1Million in March 21 from 4.59 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Data on crude oil reserves and production; refining and processing; imports, exports, movements; stocks; prices; and consumption/sales are available in machine-readable format. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

In February 2025, the price for one barrel of West Texas Intermediate (WTI) crude oil averaged 71.53 U.S. dollars. This was a decrease compared to the previous month amid continued weak demand outlooks and expectations for production increases. WTI and other benchmark crudes WTI is also known as "Texas light sweet", and is a grade of crude oil used as a benchmark for oil produced in the United States. It has an API gravity of around 39.6 and specific gravity of about 0.827, which, relative to other crude oils, is considered “light,” hence the name. WTI also contains about 0.24 percent sulfur, making it a “sweet” crude oil. The price of WTI can be compared to the prices other of crude oils, i.e. UK Brent, the OPEC basket, and Dubai Fateh oil. WTI crude oil is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. U.S. oil production and its influence on light oil prices The price development of WTI crude oil relative to Brent crude oil has been influenced by variances in U.S. crude oil transportation and increased U.S. oil production. New transportation infrastructure became operational in early 2013, easing the movement of crude oil in the mid-continent and raising the price of WTI. Since then, U.S. refineries have increased production of crude oil to record levels, also raising the price of WTI. Meanwhile, expedited crude transport in the U.S. put downward pressure on Brent crude oil as domestic crude replaced some imported Brent crude. Between 2014 and 2016, UK Brent prices dropped rapidly, as was the case for all other crude oils.

As per Cognitive Market Research's latest published report, the Global API Pipe market size will be $1,139.22 Million by 2028. API Pipe Industry's Compound Annual Growth Rate will be 4.62% from 2023 to 2030.

The Europe API Pipe market size is expected to USD 311.35 Million by 2028.

Factors Affecting API Pipe market growth

The growing demand for steel pipes for onshore, offshore and sour services

From the drilling and completion of exploration and production wells to the transportation to refineries as well as in distribution networks carrying hydrocarbon fluids and natural gas, Steel pipe is an integral part of each stage in the oil and gas industry. The situation in which oil and gas companies operate today have become increasingly complex in the quest to find and exploit new reserves, placing extraordinary demands on pipe manufacturers and service providers. Increasing exploration and production (E&P) investment, onshore and offshore drilling activities, offshore construction are the major factors driving the demand of pipes in oil and gas industry.

The oil and gas industry widely operate in demanding environments that sees machinery working in very high or low temperatures in potential toxic substances. Because of this, special grades of metal have been developed to ensure that it can resist corrosion and withstand extreme temperatures. High strength, good corrosion resistance, higher tensile and yield strength and good weldability are the benefits of using steel pipe in oil and gas industries. Due to this property, steel pipes are majorly used in onshore, offshore activities.

It is very important to maintain the quality of material use in pipeline because many crucial offshore activities such as drilling relies on onshore pipelines, waste disposal facilities, ports and refineries that endanger public health by polluting the air and water, and threaten wildlife and ecosystems.

To avoid the damage of leaks or oil spilling it is important to choose high grade steel pipeline. The American Petroleum Institute (API) drive the standardization and quality among the oil and gas companies. End-User Operational Safety, Protecting and Maintaining Well Integrity, Environmental and Public Safety, Reduced Downtime are the many benefits offered under API standardization.

Restraints for API Pipe Market

Fluctuating raw material prices (Access Detailed Analysis in the Full Report Version)

Opportunities for API Pipe Market

Rising automation in oil & gas industries to encourage growth (Access Detailed Analysis in the Full Report Version)

What is an API Pipe?

API is an American Petroleum Institute safety standard founded in 1919, dedicated to oil and gas operations and procedures. API has developed more than 700 standards to enhance operational safety, environmental protection, and sustainability across the industry, especially through these standards being adopted globally. API standards help to improve operational excellence, ensure compliance and safe practices and reduce the risks in equipment failure. API Line Pipe is a steel pipe majorly used for the transmission of Oil, Gas and Petroleum Distillates. API Pipes are manufactured as per specifications established by American Petroleum Institute (API). It defines the standard for the dimension, physical, mechanical, and chemical properties of the steel.

Global API pipe market is distributed in two type segment including Hot Roll, Cold Roll, and Cold Drawn. These types are categories by the different production process of stainless-steel pipes. Transport of Oil and Transport Gas are the two major applications served by the API pipe.

The UK automotive engine oils market, while exhibiting a relatively modest Compound Annual Growth Rate (CAGR) of 1.99% from 2019-2033, presents a robust and evolving landscape. The market's value in 2025 is estimated at £X million (assuming a logical extrapolation from the global market size and the UK's automotive sector significance), projecting to £Y million by 2033. This growth is propelled by several key factors. Firstly, the increasing number of vehicles on UK roads, coupled with the rising demand for higher-performance vehicles requiring specialized engine oils, fuels market expansion. Secondly, stricter emission regulations are driving the adoption of advanced engine oil formulations designed to enhance fuel efficiency and reduce harmful emissions. This includes a growing demand for synthetic oils and those meeting stringent industry standards like ACEA and API specifications. Furthermore, the increasing awareness amongst consumers regarding the importance of regular oil changes for engine longevity contributes to market growth. However, the market also faces challenges. Fluctuations in crude oil prices directly impact the cost of production and, consequently, the price of engine oils, potentially affecting consumer purchasing patterns. Additionally, the competitive landscape, dominated by global giants like BP, Shell, and ExxonMobil, along with specialized players like Liqui Moly and Motul, introduces intense price competition. Despite these restraints, the market's inherent link to the vital automotive sector, coupled with ongoing technological advancements in engine oil formulations, indicates sustained albeit moderate growth throughout the forecast period. Market segmentation by vehicle type (passenger vehicles, commercial vehicles, motorcycles) and product grade (e.g., conventional, semi-synthetic, synthetic) further reveals nuanced growth patterns depending on vehicle ownership trends and technological advancements in engine manufacturing. Specifically, the passenger vehicle segment is expected to dominate, driven by the large passenger car population in the UK and the rising adoption of new vehicles requiring specific oil formulations. This report provides a comprehensive analysis of the UK Automotive Engine Oils Market, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and emerging trends, offering valuable insights for businesses operating within this dynamic sector. The report utilizes data from the historical period (2019-2024), the base year (2025), and the estimated year (2025) to project the market's future trajectory (forecast period: 2025-2033). Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.April 2021: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.

According to Cognitive Market Research, the global API 618 Reciprocating Compressor market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The horizontal held the highest API 618 Reciprocating Compressor market revenue share in 2024.

Market Dynamics of API 618 Reciprocating Compressor Market

Key Drivers for API 618 Reciprocating Compressor Market

Growing Energy Demand to Increase the Demand Globally

The global energy landscape is witnessing a relentless surge in demand, propelled by population growth, industrialization, and urbanization. Emerging economies, in particular, are driving this upward trajectory as they strive for economic development and improved living standards. This escalating energy demand spans various sectors, including power generation, transportation, manufacturing, and residential consumption. As traditional energy sources like oil, natural gas, and coal remain integral to meeting this demand, the need for efficient compression solutions becomes paramount. Reciprocating compressors, compliant with API 618 standards, play a crucial role in extracting, processing, and transporting these energy resources. Their versatility and reliability make them indispensable across diverse applications, from upstream exploration and production to downstream refining and petrochemical processing. Consequently, the API 618 reciprocating compressor market is poised to witness sustained growth as it aligns with the global imperative to meet burgeoning energy needs efficiently and sustainably.

Expansion of Petrochemical Industry to Propel Market Growth

The expansion of the petrochemical industry is poised to be a significant driver of market growth for API 618 reciprocating compressors. This sector plays a pivotal role in meeting the increasing demand for plastics, chemicals, and other essential materials across various industries worldwide. As consumer preferences evolve and urbanization accelerates, the demand for petrochemical products continues to rise steadily. Petrochemical processes, such as gas processing, polymerization, and refining, heavily rely on compressors for gas compression, separation, and transportation. API 618-compliant reciprocating compressors are integral to these operations due to their reliability, efficiency, and ability to handle high-pressure gas streams. As petrochemical companies expand their production capacities and upgrade their facilities to meet growing demand, the need for advanced compression solutions will amplify, driving market growth for API 618 reciprocating compressors in the foreseeable future.

Restraint Factor for the API 618 Reciprocating Compressor Market

Volatility in Oil and Gas Prices to Limit the Sales

Volatility in oil and gas prices poses a significant challenge to the API 618 reciprocating compressor market. Fluctuations in prices can profoundly impact investment decisions and project economics within the oil and gas industry, directly influencing the demand for compressors. During periods of low prices, companies often reduce capital expenditure and delay exploration and production projects, leading to decreased demand for compression equipment. Conversely, during price spikes, companies may face budget constraints and prioritize short-term cost-cutting measures over long-term investments, further limiting compressor sales. Moreover, uncertain price trends can deter potential buyers from committing to large-scale capital projects, thereby stifling market growth. Adapting to these price dynamics requir...

According to Cognitive Market Research, the global API Pumps market size will be USD 1824.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 729.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 547.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 419.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 91.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 36.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Overhung Pump is the fastest growing segment of the API Pumps industry

Market Dynamics of API Pumps Market

Key Drivers for API Pumps Market

Growth in the Oil and Gas Industry to Boost Market Growth

As the global demand for oil and gasoline continues to rise, pushed through financial growth and populace increase, the industry faces a developing need for advanced generation and sustainable practices. Investment in renewable energy resources, carbon capture, and stepped-forward extraction methods is essential to fulfill this demand at the same time as minimizing environmental effects. Additionally, enhancing operational performance through automation and digitalization can help corporations adapt to market fluctuations and regulatory changes. Skilled personnel improvement is crucial to help innovation and ensure safety in operations. The industry's capability to increase stability with sustainability will shape its future trajectory.

Increasing Focus on Efficiency to Drive Market Growth

The oil and fuel enterprise's increase drives a growing call for API pumps to assist manufacturing, transportation, and refining operations. With growing stress to beautify performance and decrease prices, operators are prioritizing pumps that offer advanced power efficiency, decrease preservation needs, and extend lifespans. This attention to performance now not only minimizes operational expenses but also contributes to sustainability efforts by lowering power consumption and waste. Advanced API pump technologies, which include smart monitoring systems, are gaining traction, enabling real-time overall performance evaluation and predictive upkeep. As the industry evolves, these improvements might be critical in optimizing operations and preserving competitiveness.

Restraint Factor for the API Pumps Market

Fluctuations in Oil Prices, will Limit Market Growth

The oil and fuel industry is characterized by vast volatility, with fees concerned with common fluctuations driven by means of geopolitical events, delivery for dynamics, and marketplace speculation. When oil costs decline, businesses often scale back investments in new initiatives and gadgets, together with API pumps, leading to a slowdown in manufacturing and innovation. This discount in capital expenditure can preclude the adoption of advanced technology and performance upgrades. Consequently, operators may additionally face demanding situations in preserving operational efficiency and meeting demand during periods of healing. Navigating this volatility requires strategic making plans and adaptability to ensure sustainability and competitiveness inside the market.

Impact of Covid-19 on the API Pumps Market

The COVID-19 pandemic notably impacted the API pumps market, leading to decreased calls as lockdowns and regulations disrupted international delivery chains and operations in the oil and fuel enterprise. The decline in oil charges caused operators to put off or cancel projects, resulting in decreased investment in new gadgets. Additionally, personnel shortages and health protocols hindered the manufacturing and renovation of sports. However, the market has shown symptoms of restoration as demand for electricity rebounds and operators prioritize efficiency and sustainability. The shift closer ...

The Report Covers Middle-East Oil Country Tubular Goods (OCTG) Market Analytics and is Segmented by Manufacturing Process (Seamless and Electric Resistance Welded), Grade (Premium Grade and API Grade), and Geography (Saudi Arabia, United Arab Emirates, Kuwait, and the Rest of Middle East). The report offers the market size and forecasts in revenue (USD billion) for all the above segments.

According to Cognitive Market Research, the global Meropenem API market size will be USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The intravenous injection held the highest meropenem API market revenue share in 2024.

Factors Impacting on Meropenem API Market

Increasing the Frequency of Hospital-Acquired Illnesses (HAIs). to Increase the Demand Globally

HAIs are infections that patients contract while receiving medical treatment in a hospital or other healthcare setting. They are a huge problem since they are difficult to cure and can result in serious complications, including death. Meropenem is a broad-spectrum antibiotic that works on a variety of bacteria, even those that are resistant to other antibiotics. This makes it an effective tool for treating HAIs.

The future of the Meropenem API industry depends on finding a compromise between meeting the urgent need for effective HAI therapies and ensuring prudent antibiotic management to minimize resistance development. This could include advances in antibiotic discovery, alternative treatment alternatives, and more stringent infection control measures in healthcare settings.

Increased Interest in Injectable Antibiotics to Propel Market Growth

The market for Meropenem API is experiencing a notable surge, driven by the increasing need for injectable antibiotics. The broad-spectrum carbapenem antibiotic meropenem is regarded as a last-resort treatment for infections resistant to multiple drugs.

A major concern to international health is the growth of antimicrobial resistance (AMR), a condition in which bacteria develop resistance to widely used medicines. Meropenem is a vital tool in the fight against antimicrobial resistance (AMR) due to its potency against a variety of resistant bacteria, such as extended-spectrum beta-lactamase (ESBL) producers and methicillin-resistant Staphylococcus aureus (MRSA). Injectable antibiotics such as Meropenem are becoming more and more used in hospitals and healthcare facilities to treat serious infections brought on by these resistant microorganisms.

Global aging populations are more prone to infections and frequently need longer hospital stays, which makes broad-spectrum antibiotics like Meropenem increasingly necessary. Furthermore, an increased risk of developing chronic illnesses such as cancer and diabetes compromises immunity, leaving people more susceptible to infections and may be in need of Meropenem therapy.

Restraint Factor of the Meropenem API Market

Growing Raw Material Costs to Limit the Sales

The price of the raw materials needed to make meropenem API is going up. This is caused by several things, such as the growing price of petrol and oil as well as the growing demand from other businesses for these resources. Manufacturers of meropenem API are facing pressure to increase their profitability due to rising raw material costs.

Taking on this task takes a multifaceted strategy. Industry participants, governments, and regulatory agencies working together can investigate ways to improve production efficiency, diversify the sources of raw materials, and support sustainable practices, among other alternatives. Long-term cost reduction may also be possible through promoting innovation in fermentation technology and investigating substitute manufacturing techniques. In the end, cooperation is needed to guarantee the accessibility and affordability of Meropenem API in order to protect public health and lessen the effects of growi...

According to Cognitive Market Research, the global Oil Gas Static Rotating Equipment market size will be USD 20641.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 7637.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 85.46 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 4953.96 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 784.38 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 825.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 454.11 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Compressors Product type is the fastest growing segment of the Oil Gas Static Rotating Equipment industry

Market Dynamics of Oil Gas Static Rotating Equipment Market

Key Drivers for Oil Gas Static Rotating Equipment Market

Increasing Oil & Gas Exploration and Production (E&P) Activities to Boost Market Growth

Increasing Oil & Gas Exploration and Production (E&P) activities drive the Oil & Gas Static and Rotating Equipment Market by expanding the need for essential infrastructure and machinery. As global energy demand rises, companies are investing in offshore, deepwater, and shale projects, requiring advanced static equipment (heat exchangers, pressure vessels) and rotating equipment (pumps, compressors, turbines) for extraction, processing, and transportation. Additionally, LNG expansion, refinery upgrades, and drilling advancements necessitate high-performance equipment to enhance efficiency and safety. With oil majors focusing on enhanced recovery techniques and unconventional reserves, demand for reliable, high-pressure, and corrosion-resistant equipment continues to grow. As E&P activities increase, the market for static and rotating equipment experiences steady growth, ensuring operational reliability and compliance with industry standards. For instance, in January 2023, Baker Hughes provided forged duplex stainless-steel valves to Mero-3 FPSO in Brazil. The supply equipment is API-6A compliant and capable of working pressures up to 15,000 psi. The company provided these valves after they were designed, manufactured, and tested with successful first-pass yield.

https://valves.bakerhughes.com/news/baker-hughes-masoneilan-delivers-high-pressure-api-control-valves-mero-3-fpso-brazil

Technological Advancements & Digitalization To Boost Market Growth

Technological advancements and digitalization are driving the Oil & Gas Static and Rotating Equipment Market by enhancing efficiency, reliability, and cost-effectiveness. The integration of IoT, AI, and predictive maintenance enables real-time monitoring, reducing unplanned downtime and extending equipment lifespan. Digital twins and smart sensors improve performance tracking, optimizing operations in high-pressure and extreme environments. Additionally, advancements in materials, automation, and robotics are enhancing the durability and efficiency of heat exchangers, turbines, compressors, and pumps. These innovations help companies comply with stricter environmental regulations by improving energy efficiency and reducing emissions. As the industry shifts towards sustainable operations and operational excellence, demand for smart, data-driven static and rotating equipment continues to rise, ensuring optimized oil & gas production.

Restraint Factor for the Oil Gas Static Rotating Equipment Market

High Capital and Maintenance Costs Will Limit Market Growth

High capital and maintenance costs are restraining the Oil & Gas Static and Rotating Equipment Market by limiting investment in new and replacement equipment. The initial cost of compressors...