Sentences with phrase «from oil country»

Not exact matches

In late August, PetroChina, that country's largest oil producer, announced it seeks to boost its overseas production to half its total output (from about a tenth currently) in less than a decade through acquisitions.

A religious teetotaler who tithed from his first paycheck, John D. built Standard Oil into the country's most feared and powerful monopoly in the late 19th century.

Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

For oil - importing countries we expect growth this year to be 4.7 percent, coming up from 4.2 percent last year.

Oil - importing countries were also set to see a continuation in the growth recovery in 2018, the IMF said, aided by «gains from ongoing reforms, improved domestic confidence in some countries, and a steady upswing in external demand.»

Persistent headwinds from deleveraging and lingering uncertainty will influence the extent to which some oil - importing countries benefit from lower prices.

«The good news is that the regional growth is improving for both oil - importing and oil - exporting, yet the region is not fully benefiting from the improvement in the global outlook and this requires countries in the region to pursue the reform agenda,» he said.

Saudi Arabia's Crown Prince Mohammed bin Salman has set out an ambitious plan to modernize his country and diversify the economy away from its reliance on oil.

Despite the U.S. Treasury Department warning investors away from it, Venezuela President Nicolas Maduro says the launch of his country's oil - backed answer to Bitcoin, Petro, raised $ 735 million in its first day.

Ever since John F. Kennedy signed Presidential Proclamation 3447 on Feb. 3, 1962, declaring «an embargo upon all trade» in response to Cuba nationalizing U.S. - owned Cuban oil refineries without compensation, Americans have been effectively blocked from doing business in the country.

From doggie spas to oil companies, employers have been given the green light to hire temporary foreign workers even in regions of the country struggling with joblessness, including the Maritimes and southwestern Ontario, and in sectors where there is no apparent lack of domestic candidates.

As the oil sector becomes increasingly focused on margins, Parex benefits from the low costs in that country, without the market access problems that impose a discount on crude prices in Western Canada.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

As one of the country's largest independent refiners, Phillips 66 hasn't taken as severe a beating from the cheap - oil shocks that shook the rest of the energy industry.

It buys oil products from refiners and delivers it to corporate customers such as FedEx and GM all over the country.

Production from shale has helped keep a lid on crude oil prices at about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.

Oil output in Venezuela , a member of the Organization of the Petroleum Exporting Countries (OPEC), has fallen from almost 2.5 million barrels per day (bpd) to just around 1.5 million bpd currently due to political and economic turmoil in the South American country.

The so - called shale revolution could help to alleviate Washington's reliance on foreign oil, including from turbulent Middle Eastern states, while also supporting a bid to export to more countries around the world.

Even a 5 percent drop in demand for fuel in those countries would knock about 325,000 bpd from global crude oil consumption.

Because of insatiable energy demand from developing countries, oil will become permanently and prohibitively expensive, Rubin claims.

The transit costs of moving crude by rail from North Dakota across the country tips the balance in favor of foreign oil.

This is especially true in the new boomtowns that have powered the shale oil revolution in the U.S. (For an on - the - ground report from North Dakota oil country, see «Waiting for the Reckoning.»)

In a country that depends overwhelmingly on oil exports for hard currency, Dos Santos had made fortunes in mobile telecoms and supermarkets, benefiting — her critics say — from family connections, before being appointed head of Sonangol in 2016.

(If you expand your definition of «dirty» to include resources from countries that abuse human rights, disregard labour standards or fund terrorist organizations, as conservative commentator Ezra Levant does in his new tome, Ethical Oil: The Case for Canada's Oil Sands, the range of options shrinks even more.)

In Nigeria in 2014, Lamido Sanusi was fired as head of the central bank after trying to track down $ 20 billion that he said had been stolen from that country's state oil company, NNPC.

President Trump has also banned Americans from buying the Venezuelan government's «Petro» cryptocurrency, which is supposedly backed by the South American country's oil reserves.

A deal with the French oil giant Total to sell d.light's new S300 (about $ 30) and S20 (priced in the mid-teens) in its gas stations in countries like Cameroon, Indonesia and the Republic of Congo, has boosted shipments from less than 30,000 to more than 500,000 lanterns each month.

While oil - related dependence is down to 22 percent of 2015 government revenue from 35 percent in 2015, the country is still trying to squeeze more dividends out of state - owned oil and gas player Petronas, he said.

Backers of the project say it will reduce U.S. reliance on oil from the Middle East and allow the country to fulfill its energy needs from one of its closest allies.

Malaysia's economy and currency are suffering from «an almost perfect storm» due to an outflow of funds from emerging markets, low oil prices and China's slowdown, the country's economic planning minister said on Tuesday.

It's true that our country benefits from having scarce commodities like oil and potash.

Let's look at a rough sketch of what are likely to be the perceived negative ethical implications of oil from the top 10 countries listed by oil production:

Despite being one of the world's sunniest countries, Saudi Arabia does not generate much power from solar, which makes up just a marginal amount of its largely oil - fired power production.

The country needs to find a sustainable path away from deficit spending; it imports most of its manufactured goods and oil.

Sources reported that an armed militia from Zintan, directly linked to the heavily armed Petroleum Facilities Guard, which was set up to protect the country's oil and gas infrastructure, has closed the El Feel and Hamada fields by blocking their respective pipelines.

Since June, oil has receded 30 % on fears China's economic slowdown would lead to reduced oil consumption from a country that accounts for 15 % of the world's economic output.

NEW YORK, April 20 Prices for heating oil and diesel fuel traded on the U.S. East Coast are scaling multimonth highs, bolstered by unusually cold weather across the country and a surge in export demand, particularly from Brazil and Canada.

A sale of Apache Canada would mark the Houston - based company's exit from the country, the latest international oil firm to sell Canadian operations in favor of concentrating on U.S. shale plays.

U.S. Republicans have often argued that buying oil from Canada reduces dependence on the Middle East and other less - than - friendly countries.

To answer a few of your questions, exporting bitumen from Canada's west coast will not make the country any stronger, only the Texas oil company a little richer, and the earth much more in peril.

[2] This additional demand has come almost entirely from outside the OECD countries, which were traditionally the biggest users of oil.

Oil ministers from OPEC and non-member countries are looking hard for a recovery in prices, and are hoping their meeting next month will produce an output freeze that can be Continue Reading

Canadian motorists, like American ones, will be hard pressed to see any benefits from their country's rising oil production.

Venezuela's only hope at this point would be more assistance from Russia or China, two countries that have loaned large sums of money to the South American nation, a lot of which was given in exchange for oil cargoes.

Japan is a very important trade partner of Iran, from which the Japanese buy oil and gas, like many other countries.

Although the country is taking steps to rein in carbon pollution in other parts of the country, the exponential rise in emissions from the oil sands will more than offset gains being made elsewhere.

Hawaii is farther away from America's oil production and refineries than anywhere in the country — and its gas prices reflect that.

Evan Solomon: The government of Alberta, they point to these statistics: the oil sands creates $ 307 billion in tax revenue, $ 187 billion for the federal government, 23 % of employment is from oil sands, 7 % of employment in Canada from the oil sands and in Ontario alone, 7 %, they say, of employment comes from the oil sands and they say royalties of $ 1.9 billion fund programs across the country.

It notes, for example, that about 55 % of the world's current oil output comes from countries Freedom House categorizes as «not free,» a substantial risk that makes America's resurgence in oil production all the more important.

In terms of wealth transfers (ignoring price differentials), that's a wash for us and a loss for the U.S. and a gain for the country from which we buy oil on the east coast.