Python logging exception

I'm currently writing a wrapper class. I want to be able to log exceptions properly but allow calling methods to be aware of exceptions which occur. My class looks like this:

import logging

log = logging.getLogger('module')

class MyAPIWrapper(library.APIClass):

    def __init__(self):
        self.log = logging.getLogger('module.myapiwrapper')


    def my_wrapper_method(self):
        try:
            response = self.call_api_method()
            return response.someData
        except APIException, e:
            self.log.exception('Oh noes!')
            raise e #Throw exception again so calling code knows it happened

I'm a bit dubious about catching and exception just to log it and then re-raising it so the calling code can do something about it. What's the proper pattern here?