API to target more independents as members

The American Petroleum Institute plans a major restructuring to attract new members and make itself more useful to existing ones. Red Cavaney, the new API president and CEO, said the group's management and public policy committees have directed him to draft recommendations by late April. "It's our goal to get this done this year. We're not talking about a long-term thing." Cavaney said the oil industry is changing, and API needs to become "maximally aligned with where the industry

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