Sentences with phrase «current oil situation»

Many observers noted that the President had the facts of the current oil situation wrong and that there were no longer record amounts of oil in storage or loaded on ships at sea.

By now, it should be obvious that the Saudis and their Gulf allies are playing the long game when it comes to the current oil situation, and that means keeping the taps flowing in the midst of a global glut no matter how low prices go.

Not exact matches

«The main dynamic which is facing all of the producers, whether they are OPEC or non-OPEC, was that had the current market situation remained in place we would have gone into 2017 and probably through most of 2017 with the oil market still in considerably surplus supply over demand, and that would be the fourth year in a row where that situation prevailed,» Atkinson said.

Incidentally, the government and the RBI are reasonably comfortable with the country's Current Account Deficit (CAD) situation, following the big slide in crude oil prices recently.

In the current situation with the oil shock, any package aiming to stimulate the economy ought to focus on areas of the country where the economy is currently slack.

The current situation in Libya can be best characterized as a struggle pitting the «centre» that controls national institutions, the flow of oil, and billions in unfrozen assets against a marginalized «periphery» that can challenge the centre's legitimacy via its use of force and appeal to local loyalties.

At this moment, though, it remains to be seen whether policy - makers and (the few) private investors will take advantage of the current economic situation to move beyond dependence on the dominant oil sector.

The committee, in a communique issued at the end of its first meeting for the 2016 fiscal period in Abuja, observed that while the period of low oil prices, which occurred in 2005, lasted for a maximum of eight months, the current situation was expected to continue over a longer period of time.

The report sets out the current resource situation and presents in detail the markets for crude oil, natural gas and metal - bearing ores.

The regulated oil pump only consumes as much energy as is necessary for the current driving situation.

«The current understanding of this situation by some IPCC proponents is that the forces of evil (oil companies and all that) are causing problems for scientists because they want to make money.»

We are doing the best we can to deal with the current situation and to try to stop the oil from flowing and to then clean it up.»