Sentences with phrase «state oil marketing»

In Taurus Petroleum Limited v State Oil Marketing Company of the Ministry of Oil, Republic of Iraq [2017] UKSC 64, the Supreme Court considered the situs of a debt under a letter of credit, and clarified the circumstances in which third party debt orders are available.

Taurus Petroleum Limited (Appellant) v State Oil Marketing Company of the Ministry of Oil, Republic of Iraq (Respondent)[2017] UKSC 64 (Lord Neuberger, Lord Mance, Lord Clarke, Lord Sumption, Lord Hodge)

Proceedings: Friday 4 May Opening remarks Welcome by Mr, Sefa Sadık AYTEKIN, Deputy Undersecretary, Ministry of Energy and Natural Resources, Turkey Keynote address by H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Workplan of WEO - 2012 Iraq Energy Outlook by Dr. Fatih BIROL, Chief Economist, IEA Session 1: Energy in Iraq — fuelling Iraq's reconstruction and development Chair: Mr. Simon STOLP, World Bank Introductory interventions: H.E. Martin KOBLER, Special Representative of the United Nations Secretary General for Iraq Dr. Usama KARIM, Advisor to the Deputy Prime Minister for Energy, Iraq Dr. Kamal AL - BASRI, Chairman of the Iraq Institute for Economic Reform Open discussion Session 2: Iraq's electricity sector — short term needs and long - term interests Chair: Mr. Hamish MCNINCH, International Expert Introductory interventions: Dr. Majeed ABDUL - HUSSAIN, Parsons Brinckerhoff Dr. Abdul Qader AHMED, Mass Global Open discussion Special address: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Session 3: Iraq's oil and gas supply — managing the development of a huge resource Chair: Mr. Tariq SHAFIQ, Managing Director, Petrolog & Associates Dr. Ali AL - MASHAT, Advisor, Prime Minister's Advisory Commission, Iraq Ms. Ruba HUSARI, Managing Director, Iraq Insight Open discussion Session 4: Iraq and international markets — impacts on regional and global balances Chair: H.E. Thamir GHADHBAN, Chairman of the Prime Minister's Advisory Commission, Iraq Introductory interventions: Dr. Mussab AL - DUJAYLI, former Director General, State Oil Marketing Organisation Mr. Jonathan ELKIND, Principal Deputy Assistant Secretary, Department of Energy of the United States Ms. Coby VAN DER LINDE, Director of the Energy Programme, Clingendael Institute, the Netherlands Open discussion Session 5: Summary and conclusions Co-Chairs: H.E. Fareed Yasseen, Ambassador of Iraq to France and H.E. Nick Bridge, Ambassador of the United Kingdom to the OECD Tour de table with recommendations for key topics and areas of study for consideration in the WEO - 2012 Concluding remarks by Dr. Fatih BIROL, Chief Economist, IEA

Kurdistan has not agreed to export crude via Iraq's State Oil Marketing Organisation (SOMO), a spokesman for the autonomous region's government said on Thursday, contradicting earlier comments by a top energy official in Baghdad.

Not exact matches

Saudi Arabia's state - owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran, a major oil producer and member of the Organization of...

While Oliver and the federal government play coy and bat their eyelashes at Asia, the United States remains the closest, easiest and most appealing market for Canadian oil.

«Oil supplies (from the United States) are continuing to grow and there are no signs of a reversal,» said Fawad Razaqzada, market analyst at futures brokerage Forex.com.

The Financial Times reported on Thursday that the Treasury is «finalising» a $ 2 billion loan guarantee for Saudi Aramco, the state oil company that is gearing up for what would be the world's biggest ever stock market float.

Given the still subdued state of oil and gas prices, it's a stock - pickers» market.

They included 1987 (biggest one - day stock market crash in history); 1990 (Iraq and then the United States invaded Kuwait, sending oil prices up and causing a recession); 2001 and 2002 (the dot - com crash and September 11 created two years of market losses); and 2008 (the Great Recession).

Following the U.S. State Department's decision to postpone a decision on TransCanada Corp.'s Keystone XL pipeline, Canadian pipeline boosters from oilpatch CEOs to federal Natural Resources Minister Joe Oliver responded that Canada would have to look to other markets — namely China — to buy our oil.

Tension between the United States and Iran may have a big affect on oil markets, says Ehsan Khoman, a strategist at MUFG.

The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets.

The firing of Secretary of State Rex Tillerson clouds the outlook for the Iran nuclear deal and introduces uncertainty to the oil market.

Saudi Arabia's state - owned oil giant Saudi Aramco could first issue stock on its home market and privately place shares in the hands of big Asian investors before facing the complexity of listing on an international exchange.

«We are seeing United States production rising very, very dramatically before our very eyes and that's likely to continue in 2018,» Neil Atkinson, head of the oil industry and markets division at the IEA, told CNBC Tuesday.

Oil remains tightly correlated to the health of markets and interest rates, especially in DiMartino Booth's home state of Texas.

A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues.

«Because of the rapidly growing levels of oil production in the United States and the fact that we've virtually nowhere else to sell our oil than the U.S. market, Alberta is getting just over $ 50 a barrel for our oil,» Redford said.

Redisland Australia Limited engages in the production, marketing, and sale of olive oil in Australia, New Zealand, the United States, and Asian markets.

But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.

Battered by the plunging price of crude, the market is now bracing for what experts predict will be a flood of Iranian oil after the United States and the European Union lifted economic sanctions against Iran.

CARACAS Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value, the lawyer representing the trust said on Thursday.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

In a separate report today, CIBC World Markets economists noted in a report today that the oil sands are already on track to become the biggest single source of oil imports to the United States this year.

Canada is potentially vulnerable to supply disruptions resulting from states» decisions to withhold oil supplies from world markets or from damage to oil supply chains by nonstate actors or natural disasters.

And while I would not purport to answer that question here, Figure 3.2 of the NGP Report (Northern Gateway Forecast of United States versus China and India Oil Demand) does suggest that market access, or lack thereof, could be a limiting factor for oil sands productiOil Demand) does suggest that market access, or lack thereof, could be a limiting factor for oil sands productioil sands production.

Islamic State gets money from oil, both crude and refined, by selling it on the black market to smugglers, who transport it, usually by truck, to surrounding countries.

News out of Washington D.C. could be the main driver of sentiment in the oil market this week, as speculation swirls that the United States will renew sanctions against Iran, a major Middle East oil producer and member of the Organization of the Petroleum Exporting Countries (OPEC).

The United States is the largest market for Canadian crude, with the neighbouring country purchasing almost 99 percent of the total crude oil exported from Canada in 2016 and the five - year average ranging between 97 - 99 percent.

We'll obtain further insight as to the state of the oil market when the EIA releases their official tally on Wednesday.

James Hunt, portfolio manager of the Tocqueville International Value Fund (TIVFX), answers questions about the fund, the state of various international markets, currency depreciation and the decline in oil prices.

We rely on a single customer for all our oil and gas exports, the United States, which appears to be an increasingly unreliable future buyer and which may even emerge as one of Canada's major competitors for export markets.

With Asia's rapidly growing need for energy imports in the early 2000s, Canada hoped to reduce its almost 100 % reliance on the United States as an export market for oil and natural gas by expanding to Asia.

The oil market crash over the past two years has strained the state - owned company even further, with the finances having «taken a huge blow,» Coldwell said.

In the case of oil, pipeline and infrastructure politics continue to limit Canada's access to oil markets in both the United States and Asia.

The problem with this argument is that what is good for oil producers and exporters is inversely bad for major oil consumers and importers like the United States, Europe, and China in this zero sum game of global energy markets.

As part of the downside risks, they include the possibility of further increases in oil and commodity prices; a stronger - than - anticipated slowdown in China; the unsettled fiscal situation in the United States and Japan; and the renewed weakness in housing markets in many OECD countries.

Fast forward 6 months and the global energy market is in a state of flux with oil prices having declined approximately 50 % due to robust and unexpected supply growth.

The below chart illustrates U.S. oil production (in gold) vs. FED's balance sheet (in blue), and how overproduction from accommodative monetary policy resulted in the sharp decline in oil prices, creating a systemic risk that was again transmitted from financial and commodity markets to the real economy (in job losses and slow growth in Texas and other oil producing states, as well as the decline in headline inflation, pushing the Federal Reserve further from the price stability objective):

Without pipelines, and ability to get our oil products to new markets Canada will be forced to sell to one customer, the United States.

Kilduff said Al - Naimi tended to focus on the business of guiding oil markets and was content to allow the United States to do the heavy lifting in the region.

Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Continue Reading

The market is still in a state of contango, in which front month contracts are cheaper than oil futures further out.

Weighing in on oil price uncertainty, market watchers have been in a state of confusion over varying reports over the past three days as to the status of exports from Libya's biggest producing oilfield.

In the latest round of OPEC promises, Kuwait's state run oil company has pledged to cut «contractual sales volumes of oil for 2017» according to Bloomberg Markets.

Until now, Chinese companies that made a splash in global stock markets were state - owned banks and oil...

Capital Markets Equity Offering A potential partial privatization of Saudi Arabia's state oil company, Saudi Aramco, would require the company to remove its veil of secrecy.

Canadian oil producers still can use U.S. port facilities to export their oil to other countries, but now they have another major competitor on world markets, the United States.