Sentences with phrase «high oil imports»

«Following Russia's recent acceptance of the renminbi as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail, referring to the Chinese currency.

Not exact matches

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

In the past it was used to ship imported oil west into Ontario; in the future, it will likely ship prairie oil east into Quebec refineries hobbled at having to pay the higher Brent price for oil.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

Last November, the International Monetary Fund (IMF) commended the government of Mali's deficit reduction, praising GDP growth of more than 5 % arising from strong harvests and government spending, even as the cost of oil imports moved higher.

As for consumers, it bears asking whether they're really any better off paying high prices for oil that's pumped close to home versus crude that's imported from overseas.

Chinese demand for commodities, which were up 25 percent in 2016, is indeed skyrocketing, with imports of oil, iron ore, copper and soybeans reaching all - time highs last year.

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.

Imports from the U.S. rose 3.1 per cent in March due in large part to higher imports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of cruImports from the U.S. rose 3.1 per cent in March due in large part to higher imports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of cruimports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of crude oil.

A large part of the rise in the September quarter reflected the impact of higher oil prices and the importation of a number of lumpy capital imports, including some civil aircraft and defence equipment.

The EIA reported that U.S. crude oil imports in 2015 were down 27 percent from their high in 2005, when the shale oil revolution was just getting under way.

Economists had expected a deficit of $ 2 billion for 2018's second month, and are blaming the large deficit on an increase in energy imports which hit their highest level since November 2014 (the country saw imports in crude oil and refined petroleum products grow 15.4 % and 24.1 % respectively).

They include: high levels of degraded soils; reductions in irrigation quotas to restore the health of the Murray - Darling system; the re-forestation of some agricultural land to meet emissions reductions targets; the impacts of peak oil, such as the diversion of food crops into feed - stock for biofuels; and the price and crop yield implications of peak phosphorous, given Australia's dependence on imported fertilisers.

We start out with our own Gold Label Virgin Coconut Oil as the base, and use other high quality organic ingredients, such as Virgin Red Palm Oil and organic essential oils imported from France.

We have: • normalized the domestic yield curve • issued the country's maiden 15 - year bond in April 2017 • improved external balances, driven by higher export earnings and lower imports • improved gross international reserves to US$ 7.2 billion, equivalent to 4.1 months of imports cover • improved primarybalanceto0.3 percent surplus in September 2017 against a deficit of 1.6 percent in September 2016 • received positive sovereign rating reviews from international ratings Agencies: Fitch, B / stable; Standard & Poor, B - / positive • successfully completed the 4th IMF / ECF program review, and • achieved positive developments in the oil & gas sector — favorable ITLOS ruling, and Sankofa producing 1st oil three months ahead of schedule.

President - elect Nana Addo Dankwa Akufo - Addo further pledged to reduce the tax burden on the private sector through lower corporate tax and the removal of import duties and VAT from some items while relying on revenue measures such as improving tax compliance, improving the quality of public finance administration and higher oil and gas production to finance these tax cuts.

One of the charges read, «That you, Adegbite Adetoye and Ponnle Abiodun whilst being directors of Origin Oil and Gas Limited on or about the 8th day of October 2010 to December, 2011 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja and with intent to defraud, conspired to obtain the sum of N735, 132, 076.18 From the Federal Government of Nigeria under false pretence that the said sum represented subsidy accruing to you, whereas the sum is above the actual subsidy payment for the importation of 15,000 mt of premium motor spirit (petrol) which you claim to have purchased from Vitol SA and imported into Nigeria through MT Silverie which representation you knew to be false.»

Oil sent on the planned line could supplant much of those imports and give oil sands producers access to high - priced Atlantic markets for the first tiOil sent on the planned line could supplant much of those imports and give oil sands producers access to high - priced Atlantic markets for the first tioil sands producers access to high - priced Atlantic markets for the first time.

Chef Nancy Silverton has a precise recipe for this that includes a knockout scallion oil, but I'm gonna go out on a limb and say that imported prosciutto (unless it's high - quality domestic) draped over a split baguette spread with butter is one of the nicest things you can do for yourself.

A lack of capacity on this end along with pipelines facing environmental opposition have led California refiners to import oil, often from foreign sources, via ship and pay a higher price for doing it.

For example, the double - digit inflation of the 1970's was caused by banks keeping interest rates low in an attempt to stimulate a weak economy, at a time when imported inflation from the oil shock was high (leading to stagflation).

South Korea's economy will likely grow by 3.9 % in 2016, and a big stimulus program and continued low oil prices could push that figure higher; South Korea imports almost all of its oil, bringing in the fifth - largest amount in the world, after Germany.

One reason is the high cost of electricity in Hawaii, where 93 percent of electricity is generated by burning imported oil.

But even much higher supplies of wind power would improve security only marginally, because the U.K. would still have to import just as much oil (wind replaces mostly coal, rarely oil) and much of its gas, leaving it dependent on Russia.

Within as few as five years, it will be importing a higher percentage of its oil than the United States.

As tar sands oil has a much larger carbon footprint than conventional oil, climate change legislation targeted by Prop 23 would limit California's imports of high - carbon fuels — fuels that would likely include toxic tar sands oil from Alberta.

It came about because of low oil prices, and it led to a higher dependence on imports.»

Reduce dependency on (imported) fossil fuels (balance of payments, reliance on potentially unfriendly or unstable nations as suppliers, high cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency projects (tax breaks)-- encourage basic research into new (non fossil fuel) resources (subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas exploration («drill, baby, drill»)-- encourage «clean coal» projects (tax incentives)-- set goal to become energy independent within ten years

According to CEC numbers for 2017, California set a new annual record for foreign crude oil imports, and the state's refineries processed the second highest total sum of crude oil since the 2008 economic crisis.

Without significant other policy intervention, it would simply be cost - effective to import other oil, via our existing pipeline network, to satisfy our demand at the higher prices.

Domestic oil production is at a 15 - year high while oil imports are at a 15 - year low.

Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest - cost fuel and shut aging oil - fired plants, a survey of Japan's nine biggest power companies showed.

Energy Department Ministry of Energy and Mineral Resources Renewable Energy Seminar Amman - Jordan 27 - 28 March 2012 Current Energy Challenges Ministry of Energy and Mineral Resources Current Energy Challenges Jordan is facing a real challenge in securing its energy supply due to: Almost no indigenous energy resources High dependency on imported energy (97 % imports in 2011) Oil prices up (energy / Biofuels production).

Ignoring the huge environmental impact of exploration, spillages, refining and usage of oil for a second... We have to import vast amounts of oil from all over the world, some from particularly unstable areas, at a high financial cost.

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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..

The leaked position paper reveals that the proposed trade deal - the Transatlantic Trade and Investment Partnership, or TTIP - could change U.S. energy policy to allow for increased exports of oil and gas and keep the EU dependent on high levels of fossil fuel imports.

Beginning in 1965, electric power companies began building generating plants burning high - sulfur heavy fuel oil made from imported crude.

BC's natural gas exports will be hit with a big CA carbon tax, even though the BC natural gas supplies displace demand for higher - emitting oil products and coal - fired electricity imports.

«The world's poor are the most vulnerable to price fluctuations in such commodities — in addition, many of the world's developing nations also depend on imports of crude oil, which is now trading at near record high prices.