Sentences with phrase «us oil export»

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

Fresh sanctions on Iran could result in a reduction of the country's oil exports, which would strain global supplies even more, especially given the discipline of the Organization of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.

Canadian crude oil exports, in 1000s of barrels per day, to US Petroleum Administration Districts for Defence (PADDs).

Canadian crude oil exports do flow predominantly to the U.S., but the regional distribution of those crude oil exports is vitally important to understand.

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more startling fact: «Almost all of the crude oil exported from the United States has been delivered to Canada.»

Enbridge Inc., which used to control Canadian oil exports to the U.S., has become the largest gas distributor in Ontario and invested in wind farms.

Iran's April oil exports hit new record.

More than 30 percent of seaborne oil exports pass through that narrow waterway daily.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for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

Meanwhile, the 2015 repeal of a 40 - year - old ban on crude oil exports - passed by a Republican - controlled Congress and signed by former President Barack Obama - has made strategic shipments overseas possible.

While the loss of the city has no immediate effect on oil exports, now at over three million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

The Canadian dollar appreciated by nearly 42 % relative to the greenback, mostly due to the increase in the value of Canada's oil exports.

In 2012 and the first half of 2013, Canada's oil exports averaged about 2.4 million barrels per day.

Asian crude oil export volumes would be much higher.

Black has also said he thinks his proposed refinery, by providing permanent jobs and economic benefits to British Columbians hitherto wary of oil exports, «will change the debate on the pipeline.»

Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oil.

The EIA estimates that approximately 17 million barrels of oil per day — about 35 % of all seaborne oil exports — pass through the strait.

President Trump's launch of 59 Tomahawk missiles to destroy one Syrian airstrip exacerbated an already complex situation in the Middle East, risking additional disruption of oil exports.

If you remember, Pearl Harbor occurred after the United States halted oil exports.»

Hamm favors the approach of cutting off Venezuelan oil exports to the U.S., as well as stopping U.S. light sweet crude exports to Venezuela, which uses that type of crude to blend it with its heavy crude oil before shipping it to international markets.

Oil prices rose overnight amid concerns that the United States may re-introduce sanctions on Iran, which could potentially reduce the country's oil exports.

Trump will decide by May 12 whether to restore sanctions on Iran that could result in a reduction of Iranian oil exports, according to Reuters.

Trump will then fly to Beijing where, according to senior administration officials, he will try to convince a reluctant President Xi Jinping to squeeze North Korea further with steps such as limits on oil exports, coal imports and financial transactions.

U.S. crude oil exports rose to 2.175 million barrels per day, or more than 15 million a week, at the end of March.

Department of Energy Secretary Ernest Moniz told reporters in Seoul, South Korea that the government was reviewing the issue of crude oil exports, given the mismatch between rising supplies of crude and the U.S. refining capacity, The Wall Street Journal reported.

Canadian Prime Minister Stephen Harper was «profoundly disappointed» that Obama delayed a decision on the pipeline, and has spoken of the need to diversify Canada's oil exports.

Ninety - seven per cent of Canadian oil exports now go to the U.S.

The price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil exports.

Corruption, grandstanding and total incompetence may sink Brazil's dreams of becoming an oil exporting powerhouse.

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. President Donald Trump will decide by May 12 whether to restore U.S. sanctions on Tehran, which would likely result in a reduction of its oil exports.

As well, the government says the deep discount on Canadian oil exports as compared with world prices has added up to about $ 8.4 billion in 2011 - 2012.

CNBC's Jackie DeAngelis takes a look at oil prices as markets react to the possibility of the U.S. oil export ban being lifted.

In a country that depends overwhelmingly on oil exports for hard currency, Dos Santos had made fortunes in mobile telecoms and supermarkets, benefiting — her critics say — from family connections, before being appointed head of Sonangol in 2016.

However, he thinks «a Republican - controlled Congress could give the Obama administration some leeway to loosen the spigots somewhat» on U.S. crude oil exports.

«The Obama Administration is already studying whether to lift the restrictions on oil exports, but this is something that is likely to face a lot of opposition in Congress from both Democrats and Republicans, who worry that lifting the restrictions could cause gasoline prices to rise,» said Herman Wang, senior editor of oil news at Platts.

According to a recent Reuters report, depending on who takes a Senate seat from several of these battle ground states and who wins certain gubernatorial races could mean which of the energy topics — EPA carbon regulations, the Keystone Pipeline XL's approval, relaxing crude oil export rules, developing clean energy technology — will take priority.

Saskatchewan Premier Scott Moe said Tuesday his province will support Alberta in the fight over the Trans Mountain pipeline expansion by introducing its own legislation on oil exports.

The renewed sanctions would likely dampen Iranian oil exports, disrupting global oil supply.

Utterly dependent on oil exports for revenues, the resources available to Maduro are vanishing.

The decline last year was mainly due to record exports of crude oil and petroleum products, made possible since Congress lifted the U.S. oil export ban in December 2015.

But possibly the most significant and ambitious goal in Vision 2030 is to wean the kingdom's economy off of oil exports, which accounted for roughly 87 percent of total budget revenues as of December 2016.

And as if to make room for more foes in the federation, Kenney also hinted he could cut off oil exports to B.C. if Premier John Horgan, another New Democrat, takes action to block the Trans Mountain pipeline expansion.

Talk is growing of a nuclear deal that could see a lifting of sanctions against Iran, a move that could turn the tap on its oil exports — something that would have significant ramifications for the volatile commodity, analysts say.

Secondly, as guest and I have been trying to point out if the appreciation in currency for Japan / Germany is due to increased demand for there manufacturing exports this is not the same thing as an appreciation caused by increased demand for oil exports.

The event, part of the kingdom's drive to free itself of reliance on oil exports in an era of cheap oil, attracted senior executives of global banks such as Citigroup, Goldman Sachs, Bank of China and Mizuho.

With regard to oil exports, the product from Alberta has to be moved across B.C. (more pipelines needed) and shipped in tankers (more port construction) to Asia.

For example, you'd need the Saudis to donate the next 146 years of revenue from their oil exports to fully pay down the debt.

Oil exporting countries could be next to devalue their currencies after Kazakhstan and Vietnam follow China's move, putting global markets on edge.

Related: Expect A Major Leap In U.S. Oil Exports