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Nanofiber technology, already used in premium fuel filters, also is appearing in oil and air filters to help prevent maintenance problems on modern truck engines. Although nanofiber media offer improved performance, it comes at a cost.

WASHINGTON — The American Petroleum Institute will pursue an aggressive policy agenda during the first 100 days of the incoming administration of President-elect Donald Trump and his four-year term, the trade group’s president said here during the organization’s annual State of American Energy event.

WASHINGTON — The American Petroleum Institute will pursue an aggressive policy agenda during the first 100 days of the incoming Trump administration and throughout Donald Trump’s four-year term, the trade group’s president said here during API’s annual State of American Energy event.

Oil futures dipped on Dec. 29 after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July 2015.

Oil extended its advance as industry data showed U.S. crude stockpiles declined last week.

Trucks used in oil and gas fields are a breed apart from highway trucks, and the drivers who operate them need additional skills beyond those required of over-the-road truckers, executives in this sector said.

Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.

Oil losses eased as global markets weighed the implications of Republican Donald Trump’s election as the 45th U.S. president.

Royal Dutch Shell, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.