Sentences with phrase «net oil importer»

Clouding the specifics on Wednesday was the small matter of Indonesia suspending its membership in OPEC, due to its status as a net oil importer.

Not exact matches

Egypt is an oil producer, but it is a net importer — not exporter — of hydrocarbons.

As a net importer, higher oil prices hurt India.

Admittedly we are a net importer of oil (increasingly so as Bass Strait reserves diminish), but Australian entities make large exports of natural gas and thermal coal, whose prices are highly correlated with oil prices over time.

The American economy will strain to support elderly dependents comprising a third of its population, but the Iranian economy will collapse — particularly given the projection, common among economists, that, by about 2020, Iran will be a net importer, rather than exporter, of oil, as its reserves dry up.

Oil revenues have fallen, and Yemen will soon be a net importer.

By the mid-2020s, the United States become the world's largest liquefied natural gas (LNG) exporter and a few years later a net exporter of oil — still a major importer of heavier crudes that suit the configuration of its refineries, but a larger exporter of light crude and refined products.

Especially given the fact that Canada is a net importer of «unethical» oil.

America has significantly increased domestic crude oil production and transitioned from a net importer of refined petroleum products to a net exporter.

Though U.S. oil production is up and oil imports are down, the country is still a net importer of crude oil and petroleum products.