Sentences with phrase «as our crude oil import»

Between now and 2020 expect a huge overseas clamour for our LNG even as our crude oil import bill grows wildly.

Not exact matches

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

For one thing, the concerns over the decline in crude oil prices may be overdone, it said, adding that the economy is still resilient and Malaysia is likely to maintain a trade surplus as demand for imports is also softening along with exports.

As for consumers, it bears asking whether they're really any better off paying high prices for oil that's pumped close to home versus crude that's imported from overseas.

In China, domestic crude oil output is dropping while demand is continuously growing, and as such, China is raising its imports.

Rising crude oil prices over the last two years will further aggravate the trade deficit as the currency is also depreciating, which will add to the import bill.

As today's Hot Chart shows, U.S. volume imports of crude oil plummeted to their lowest level since 1996 in April.

Hyundai Oilbank bought 300,000 barrels of crude from Chevron Corp as part of its efforts to diversify its crude imports and gain access to cheaper Canadian oil.

Exports of cars and auto parts posted big increases in February as did imports of pharmaceuticals, crude oil and civilian aircraft.

Hengli Petrochemical, part of the Chinese chemical giant Hengli Group, has obtained government approval to import 400,000 b / d of crude oil — the largest quota ever handed to a private Chinese refiner, as it aims to start a new refinery this year.

Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not match the outcomes!

ABUJA — Nigeria's woes in the area of dwindling revenue from crude oil sales is expected to heighten in the next couple of days, as the South African Petroleum Industry Association, SAPIA, yesterday, stated that South Africa would likely stop importing crude oil from Nigeria following the lifting of the sanctions on Iran.

For countries in the Organization for Economic Cooperation and Development (OECD), apparent consumption is derived from refined product output plus refined product imports minus refined product exports plus refined product stock changes plus other oil consumption (such as direct use of crude oil).

The downward pressure is so great that even record Chinese crude imports for December - as the world's second - largest oil... [Read More...]

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

As the U.N. Council approved new sanctions which went against North Korean economy by capping imports of crude oil and banning condensates and natural gas, the hacking activity might just get a newfound impetus to sustain its financial requirement.