Sentences with phrase «domestic oil barrels»

Pegged to domestic oil barrels valued at $ 60, Petro is the first ever state - backed cryptocurrency to be released to the public.

Not exact matches

Domestic exports have not dipped below 1 million barrels a day since late November, as U.S. oil producers fill the void left by reduced capacity from Mexico and Venezuela.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

Maduro's government claims that the Petro is backed by domestic energy reserves, with its price pegged to one barrel of Venezuelan oil.

Indeed, domestic oil production — driven by shale extraction — rose to an all - time high of 10.59 million barrels per day (bpd) last week, the Energy Information Administration (EIA) said.

Domestic oil is approaching $ 70 a barrel thanks to sanctions on OPEC nations and unrest in Venezuela.

«If oil prices go to $ 110 a barrel (bl) or $ 115 / bl, gross domestic product (GDP) growth in Russia might be even stronger next year, at over 2 percent [but] we estimate growth is likely to remain positive only with oil prices above $ 92 - 93 / bl.

According to its website, LOOP has received more than 12 billion barrels of oil from foreign and domestic sources over the past three decades, but as an imports - only facility, it's never been used to load an export cargo — until now.

In the first quarter of 2012, average domestic crude oil production topped 6 million barrels per day (bbl / day).

«There is an underlying demand for something better than $ 90 per barrel oil, that has better domestic supply and can help cope with increasing environmental pressure,» ATA's Heimlich says.

The issue is not whether the U.S. can significantly reduce its reliance on oil imports with domestic, offshore oil, say both Kaufman and Nathan, but whether there is enough that is recoverable to significantly lower the price of a barrel of oil on the global market.

??? I mean Russia only pays approx $ 50.00 per barrel for domestic oil.......

Back then, oil reached a record price of more than $ 130 per barrel, yet here we are several years later with prices less than one third of that and baggage fees persist for domestic flights on most carriers.

Increase existing domestic onshore oil and natural gas liquids (NGLs) production of approximately 8 million barrels a day by 3 - 4 million barrels a day through the acceleration of horizontal drilling and hydraulic fracturing to develop the enormous unconventional oil and NGL resources that underlie many parts of our country;

It is hard for most Americans to understand how it is contrary to the national interest to create 20,000 construction and manufacturing jobs, increase US gross domestic product by an estimated $ 350 billion, and bring 830,000 barrels of oil per day via pipeline from friend and neighbor Canada to Texas refineries.

The U.S. Energy Information Administration (EIA) offered a preview of its 2014 Annual Energy Outlook that will come out next spring, and the second slide in Administrator Adam Sieminski's presentation is an attention grabber, charting how expanding domestic oil production will reach historic levels in 2016 — 9.6 million barrels per day, a mark set in 1970.

The U.S. last week reached a 21 - year high for domestic oil production, more than 7.3 million barrels of oil per day, something that is «nothing short of phenomenal,» writes blogger Mark J. Perry.

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..

Taking the field off line will reduce domestic oil production by 400,000 barrels a day, or 8 percent — equivalent to about one - third of the amount the United States imports daily from Venezuela.

The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production — 7.3 million barrels a day last week alone — to the highest level since 1986, according to the U.S. Energy Information Administration.

Which brings me to another advantage — domestic production of ethanol resulted in over 220 million FEWER barrels of oil imported into this country, saving over $ 16 billion going to foreign countries.

Maduro's government claims that the Petro is backed by domestic energy reserves, with its price pegged to one barrel of Venezuelan oil.