Sentences with phrase «for oil exporters»

Asia remains the key market for oil exporters and this market is already looking for alternatives to Middle Eastern oil.

Not exact matches

Iran re-emerged as a major oil exporter in January 2016 when international sanctions against Tehran were lifted in return for curbs on Iran's nuclear programme.

It's good news for both, but oil importers will see 4.7 percent growth in 2018 and 4.6 percent in 2019, while oil exporters in the region will see 2.8 percent growth in 2018 and 3.3 percent in 2019, according to the IMF outlook.

Iran, a member of the Organization of the Petroleum Exporting Countries, re-emerged as a major oil exporter in January 2016 when some international sanctions against Tehran were lifted in return for curbs on Iran's nuclear program.

A Royal Bank of Canada report released in early January even suggested that the benefit of a low dollar for exporters, coupled with an upswing in the U.S. economy and increased consumer spending in Canada, could offset the economic hit of low oil prices.

Elsewhere, oil prices were higher on Monday, on the back of hopes that leading exporters would agree to extend the output cut - as OPEC members gear up for a meeting in Vienna this Thursday.

As we near peak summer driving season, American consumers would have worried a generation ago that such a meeting would be an impetus for a pullback in production, with oil exporters aiming to raise prices by limiting supply.

Given the country's status as an oil exporter, the worldwide rise in oil prices was a windfall for Canada.

For both Persian Gulf exporters and East Asian consumers, the free passage of oil shipments is vital.

One such trade route is the maritime path for transporting oil from Persian Gulf exporters to East Asian consumers.

U.S. crude oil output rose above 10 million barrels per day (bpd) late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia.

By the late 2020s, the U.S. will become a net exporter of oil for the first time since the 1950s.

OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target, which helped offset weaker compliance by other members.

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), re-emerged as a major oil exporter in January, 2016 when international sanctions against Tehran were lifted in return for curbs on Iran's nuclear programme.

A recovery in commodity prices was due primarily to rising prices for oil and natural gas and was thus a strong positive for exporters of those commodities.

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.

Just imagine what that could mean for Canada under a new, rewritten NAFTA that triggers a renegotiation whenever the U.S. develops a trade deficit with Canada: when oil prices go up, trade rules for other goods from cars to cattle could be rewritten, creating uncertainty for exporters.

As the country's oil - dominated trade flows have tied the value of the Loonie to triple - digit world oil prices, the resulting strength of the currency has turned into a curse for exporters in general and Ontario's factories in particular.

Iran resumed its role as a major oil exporter in January 2016 when international sanctions against Tehran were lifted in return for curbs on Iran's nuclear programme.

The problem with this argument is that what is good for oil producers and exporters is inversely bad for major oil consumers and importers like the United States, Europe, and China in this zero sum game of global energy markets.

An exporter to China using RMB oil futures could, for example, use a separate futures contract to swap the renminbi for gold.

In the area of climate change, for example, after 1993 China moved from being an oil exporter to an oil importer.

«We are set to unveil the world's largest refinery which will make Nigeria self - sufficient in petroleum products refining and also become a major exporter of oil.This project will mark a turning point in Nigeria's search for local refining of crude oil.

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.

«With the exception of Chad, which already had a program in place with the IMF prior to the oil price shock, we have not received any new request for financial assistance from sub-Saharan African oil exporters,» the IMF spokeswoman added.

The European Parliament is set to back a ban on use of palm oil for biofuels, in a bid to protect rainforests, but exporters warn this would violate trade rules

For one thing, the money we currently pay (as a result of recent increases) goes substantially to overseas oil exporters and to the folks at ExxonMobil.

Do you want to keep paying, for a long time, large amounts of money to overseas oil exporters and to ExxonMobil?

Saudi Arabia, the world's largest oil exporter, called for the negative economic impacts of curbing fossil fuels to be included in the text.

Some countries with shared histories cluster, including Arabian peninsula oil - exporters that have high growth rates for their energy use, and former Soviet states in Eastern Europe that have low growth rates for their energy use (Figure 1A).

Saudi Arabia, the world's largest exporter of oil, was the first to call for an investigation.

-- Instruct the new Energy Secretary to work with oil and gas industry to put together and implement an energy independence plan, with the clear goal of making the USA a net exporter of energy products within four years, at the same time creating millions of new jobs — Instruct the EPA Director to work with coal burning companies to encourage «clean coal» projects (eliminating pollution), by offering tax incentives for those who invest in these projects — Instruct the new Energy Secretary to set up a special task force to encourage the expansion of nuclear power and ease the permit procedure for new or expanded plants, with the goal of increasing nuclear power generation from 20 % to 25 % within four years

A detailed report for the Canadian International Council, for example, cited «opportunities to broaden climate change and clean energy discussions,» including «the potential impact of Canadian and American climate change policy on oil sand exporters.

Even Saudi Arabia, the largest exporter of oil in the world, told the Bush administration back in 2008, during the last major spike in oil prices, that speculation was responsible for about $ 40 of a barrel of oil.

To many of them the American energy revolution — with oil production projected to reach 10.7 million barrels per day this year, and the U.S. becoming a net natural gas exporter for the first time in nearly 60 years — means our armed forces are less likely to be deployed to faraway places to protect energy interests.