Sentences with phrase «biggest oil exporter»

The Scandinavian nation is the world's 13 largest oil producer and third biggest oil exporter, yet has been one of the most active champions of funding climate change projects.

The U.S. looks likely to overtake Saudi Arabia to become the world's biggest oil exporter next year, according to Citigroup Inc..

Saudi Arabia is the world's second - largest oil producer and single biggest oil exporter, so any development that might alert investors that the kingdom's production levels or oil policy could be disrupted has historically had a profound effect on prices.

Big oil exporters have understandably been following the Great Shift with some apprehension.

The IEA said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share by not reducing production appeared to be working.

Best long term strategy for US would be playing Iran of against Saudi Arabia as well as having another big oil exporter around so that the chances of another unified oil embargo are much lower.

Not exact matches

Oil prices are also drawing support from declining output in Venezuela, OPEC's biggest producer in Latin America, and Angola, Africa's second - largest exporter.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

Saudi Arabia had become the world's leading oil producer and exporter and the US was their biggest customer.

Saudi Arabia, the world's biggest exporter, has been able to use its low cost base to put even more oil onto the world market.

Then, as now, farmers sold their harvest to middlemen, big vegetable oil companies and exporters, although today those exporters are likely to be Chinese, not French.

After the precipitous fall in global oil prices, even the world's biggest petroleum exporter is now forced to reduce its reliance on fossil fuels.

Oil prices near the highest level in over three years are driving the world's biggest energy exporter deeper into debt.

Norway is western Europe's biggest exporter of oil.