Sentences with phrase «crude oil imports»

That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of about C$ 76 billion — and 41 percent of U.S. crude oil imports in 2016.

The EIA reported that U.S. crude oil imports in 2015 were down 27 percent from their high in 2005, when the shale oil revolution was just getting under way.

These new supplies, which are available to meet U.S. domestic petroleum product demand, have substantially reduced U.S. dependence upon crude oil imports from overseas.

China's Sinopec plans to cut Saudi crude oil imports loading in May by 40 percent, an official from the company's trading arm Unipec said.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

Since the RFS was instituted more than a decade ago the U.S. has greatly reduced its dependence on crude oil imports.

The Canadian oil sands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue.

A decade ago Congress passed legislation creating the federal Renewable Fuel Standard (RFS)-- requiring escalating volumes of ethanol in the U.S. fuel supply — that was intended in part to help reduce crude oil imports while capitalizing the supposed environmental advantages of ethanol.

A more severe action reportedly under consideration would be a ban on Venezuelan crude oil imports into the U.S., which would likely have far - reaching implications for Venezuela, the U.S., and the oil market.

Crude oil imports registered an 11.4 percent increase to ¥ 711.3 billion, up for the 14th straight month.

12 % of US Daily Crude Imports Done by Enbridge Enbridge Energy is intimately connected with expanding production of oil from the Alberta tar sands and delivering it to the United States — their 2009 annual report states that they transport 71 % of western Canadian crude exports, satisfying 12 % of US daily crude oil imports.

Crude oil imports indeed have been falling since 2008.

The Energy Independence and Security Act of 2007 (EISA) was legislation enacted under the assumptions of declining domestic production of crude oil and far greater crude oil imports.

First, remember that as the U.S. continues to lead the world in oil and gas production, we've seen economic benefits, cost savings for consumers, lower crude oil imports that have helped make America more energy secure and carbon emissions reductions that lead the globe.

According to CEC numbers for 2017, California set a new annual record for foreign crude oil imports, and the state's refineries processed the second highest total sum of crude oil since the 2008 economic crisis.

To meet this demand, France had net crude oil imports of 1.89 million bbl / d in 2005, the largest sources of these imports being Norway, Saudi Arabia, Russia, and the United Kingdom.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

Crude oil imports from Mexico have tumbled 25 % from September 2012, and Venezuela's over 22 %.

(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.

Imports climbed 7.9 percent to ¥ 7.03 trillion, reflecting a surge in the value of crude oil imports, the Finance Ministry said in a preliminary report.

In its April Monthly Oil Market Report, the cartel — which accounts for close to 60 percent of China's crude oil imports — said that «the extent to which the INE contract is independent from government interference is currently the main risk factor facing western investors, which is in addition to a currency risk, given that the INE is settled in yuan.»

Since Japan took its 48 commercial reactors offline to pass new safety requirements, the country has seen a 16 percent increase in crude oil imports, contributing to a record trade deficit.

According to the draft SEIS, «the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports.»

However, a 2010 report prepared for the Department of Energy concluded that «U.S. crude oil imports» from the Middle East, Africa, Canada and other countries are «insensitive» to «whether or not KXL is built.»

Our crude oil imports fell mostly because of surging domestic oil production, not the RFS.

In 2013, U.S. crude oil imports were 541 million barrels lower than in 2010, a 16 percent decrease, according to the U.S. Energy Information Administration (EIA).

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

For years we've argued EPA should repeal or significantly reform the RFS, which was conceived by Congress to reduce U.S. crude oil imports and to spur production of futuristic fuels made from agriculture waste.