Sentences with phrase «foreign oil declines»

But as the US reliance of foreign oil declines, fewer petrodollars should result in relatively smaller purchases of US bonds.

Not exact matches

Although there is hope for a boost in local production after the country opened its oil fields to foreign investors this year, it's going to be hard to make the kind of turnaround needed after a 13 - year production decline.

The difference, however, is that while foreign companies mostly sold oil assets, they mainly purchased natural gas assets as an adjustment strategy to cope with the anticipated decline in oil prices and even the global oil industry.

The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.

The Saudi Arabian Monetary Authority has sharply reduced its foreign holdings to help offset declining oil revenues.

In 2015, due to oil price declines and consequent worsening of our balance of payments, foreign portfolio investors began to seek a 10 % depreciation of the Naira to reflect what they thought was its fair value.

In a new article for Foreign Affairs, I discuss the perils of Angola's reliance on declining oil revenues.

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

The NBS, in its Foreign Trade Statistics for the Third Quarter of 2015, had noted that the value of Nigeria's crude oil export for the nine month period 2015, represented a decline of 45.39 per cent or N4.381 trillion when compared to crude oil export of N9.652 trillion recorded in the same period in 2014.

The Obama team declined to comment on such a post, even as environmentalists and power industry executives say it's being widely discussed inside the transition offices as a way to spur a clean energy industry, which Mr. Obama has promised will ween the U.S. from foreign oil and create millions of «green jobs.»

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Mexican President Enrique Peña Nieto has revolutionized his country's oil and gas industry, opening it for foreign investors after 75 years and taking strict action against the 20 years of production decline, political stagnation, and a slow, underperforming economy.