Sentences with phrase «u.s. oil states»

From the early 1930s until 1972, U.S. oil states imposed oil supply quotas so restrictive they would make OPEC blush, while major international oil companies, or «The Seven Sisters» held back oil supply from the massive Middle Eastern concessions they operated.

Not exact matches

If the U.S. develops its oilsands and its oil shale resources in the western states, it will be great news for Canada's energy industry for several reasons, writes Erica Alini.

SINGAPORE, May 2 - Oil prices were stable on Wednesday, supported by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.

SINGAPORE, May 2 - Oil prices firmed slightly on Wednesday, supported by concerns that the United States may reimpose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.

SINGAPORE, May 2 - Oil prices rose on Wednesday, lifted by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.

MOVERS AND SHAKERS: Saudi Arabia's state - oil giant Aramco has added its first female director to its board: Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco.

U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state - owned oil company PDVSA, according to four sources familiar with the matter.

Potential U.S. sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.

PDVSA also regularly buys U.S. light crude for processing at its Isla refinery in Curacao and to formulate an exportable Dilute Crude Oil (DCO) blend that is shipped from the Caribbean island to customers in the United States and Asia.

Just days later, the U.S. president made clear in his State of the Union address that when it came to the other big eco-controversy in America — hydraulic fracturing, or «fracking,» to access natural gas reserves — he was siding with the oil and gas industry.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for U.S. support of the Israeli military.

SINGAPORE, May 2 (Reuters)- Oil prices were stable on Wednesday, supported by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.

HOUSTON / CARACAS, April 23 - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm's executives.

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.

And while Hamm is supporting oil - related sanctions on Venezuela, U.S. refiners and Republican Senators from Gulf Coast states are actively lobbying against potential bans.

The U.S. oil company removed executives from Venezuela after two of its workers were imprisoned over a contract dispute with state - owned oil company PDVSA.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

«U.S. shale growth is very strong, the pace is very strong... The United States will become the No. 1 oil producer sometime very soon,» he told Reuters separately.

TransCanada's Keystone XL pipeline would carry more than 800,000 barrels of oil a day from Alberta and the U.S. Bakken oil field across six U.S. states to refineries in the Texas Gulf Coast.

Canada ships nearly all of its crude oil exports to the United States, and Mexico's appetite for natural gas has driven a boom in U.S. pipeline shipments in recent years.

U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state - owned oil company PDVSA.

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm's executives.

The bill's introduction also comes amid various actions and statements by the Trump administration, including a fourth round of sanctions that restrict Venezuela and Petróleos de Venezuela SA, a state - owned oil company, from issuing new debt or from engaging in other financial dealings with U.S. citizens.

The move comes after months - long protests by environmentalists and Native American groups in North Dakota against Energy Transfer Partners LP's $ 3.8 billion Dakota Access pipeline, which would bring crude oil from the state's Bakken oil patch through the Midwest and into the U.S. Gulf Coast.

Brennock said U.S. imposed sanctions on the oil - dependent state's crude industry would force Caracas to offer steep discounts in a desperate search for new buyers and also leave the country reeling with the prospect of supply restrictions of vital diluents.

This follows a stark warning from U.S. Secretary of State Rex Tillerson, who said at the start of February that sanctioning Venezuela's oil or prohibiting the crude to be sold in the U.S. was something the White House was continuing to mull over.

The accident, though, will likely shift the U.S. debate over Keystone away from whether or not building the pipeline would have any significant impact on greenhouse gases (the U.S. State Department says it won't, environmentalists disagree), to whether or not Western Canada's oil is a particularly hazardous fuel.

Activists in four states were arrested after they cut padlocks and chains and entered remote flow stations to turn off valves in an attempt to stop crude moving through lines that carry as much as 15 % of daily U.S. oil consumption.

When I mention that Exxon Mobil (xom), the world's biggest publicly traded oil company, is known to have an impressive intelligence division (no doubt a decent training ground for U.S. Secretary of State Rex Tillerson, ex-CEO of Exxon), Gourley's eyes light up.

«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.

The push by the U.S. energy industry into hydraulic fracking and horizontal drilling unleashed an energy boom, making the United States the world's biggest producer of natural gas and just recently the second - largest producer of oil, surpassing Saudi Arabia.

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

SINGAPORE, May 2 (Reuters)- Oil prices rose on Wednesday, pushd up by concerns that the United States may reimpose sanctions on major exporter Iran, although soaring U.S. supplies capped gains.

However, the outlook for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.

PDVSA is a state - owned oil and natural gas company which, in addition to the Venezuelan government, is also the target of U.S. sanctions.

Exactly how important Keystone XL is to Alberta oil companies has emerged as a key issue as the U.S. State Department weighs approval of the conduit.

HOUSTON, April 25 An international arbitration court has ordered Venezuela's state - run oil company PDVSA to pay ConocoPhillips $ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC - member country, the U.S. firm said on Wednesday.

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.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

If U.S. President Donald Trump is true to his trade talk, he'll approve a new pipeline for Alberta oil, and that will pump new uncertainty into the rest of Canada's trade with the United States.

The United States stands ready to assist Nigeria in diversifying its economy beyond the oil sector, a regional U.S. secretary said from Washington, D.C..

Some of the cheapest gas prices in the country typically appear in the Rocky Mountain region due to cheaper crude prices and refinery costs — and most of the state's oil is sourced locally or in nearby states, according to the U.S. Energy Administration.

The United States» bilateral deficit with Thailand is just under the $ 20 billion threshold, and the U.S. runs a bilateral surplus with Singapore (even with Singapore's massive global surplus) thanks in part to large exports of fuel oil.

North America is currently awash in oil — U.S. production is surging in states like North Dakota and Texas, while Canadian production is also on the rise and will continue to increase steadily over the next 15 years.

The policy statement also pledges to cut U.S. reliance on the Organization of Petroleum Exporting Countries — a promise that could make Canadian oil more attractive to the United States.

According to the U.S. government, there are over 1.3 billion barrels of crude oil and refined products in commercial storage around the United States, an increase of more than 300 Continue Reading

Deepening its relationship with the Texas - based oil major would tie the Arab state more closely to the U.S. after recent tensions with Saudi Arabia.

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):