Sentences with phrase «of oil producing countries»

Similarly, while some fuel - importing nations may see an overall benefit in terms of their trade deficits, there are plenty of oil producing countries who will lose out as demand falls and oil prices remain depressed.

What is at play here is the unfair situation that other properly run clubs have to face when competing with resources of an Oil producing country and this just is not healthy for the sport!

Not exact matches

The company operates in over 70 countries and produces about 3.7 million barrels of oil a day.

«That would only be if there were losses of significant size in any major oil - producing countries, particularly in the Middle East.»

When national budgets of various oil - producing countries are determined by crude prices, then a lower price forces capital to be repatriated back to the country of origin (and we haven't even mentioned Russia, which is flooding the crude market for budgetary reasons).

In terms of output, the IEA noted that member countries of the OPEC oil - producing cartel cut their production for the second month in a row.

Late last year, the Organization of the Petroleum Exporting Countries and other producing countries announced oil output cuts of 1.8 million barrels per day (bpd) for the first six months of tCountries and other producing countries announced oil output cuts of 1.8 million barrels per day (bpd) for the first six months of tcountries announced oil output cuts of 1.8 million barrels per day (bpd) for the first six months of this year.

«The UAE, among all the oil - producing countries, has become the first mover,» Adnan Amin, director general of the International Renewable Energy Association, based in Abu Dhabi, said in a recent interview with The National, an English - language newspaper based in UAE.

At the same time, the low level of oil prices will continue to dampen growth in Canada and other energy - producing countries.

HOUSTON, April 25 An international arbitration court has ordered Venezuela's state - run oil company PDVSA to pay ConocoPhillips $ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC - member country, the U.S. firm said on Wednesday.

Saudi Arabia thinks a summit of oil - producing countries would fail to produce concrete action toward defending prices, sources familiar with the matter said.

Crude oil price volatility rose significantly, driven by the desire of some large producing countries to capture greater market share by driving prices down sharply.

In addition, Canada is an oil - surplus country, exporting more than 60 percent of the oil produced domestically, with a substantial amount transported to the United States and the rest to Europe and Asia.

Among commodities, oil prices moved higher as fears about rising US shale production abated somewhat, and market participants began giving more weight to the effectiveness of supply cuts by members of the Organization of the Petroleum Exporting Countries and several other large oil - producing cCountries and several other large oil - producing countriescountries.

Global crude - oil production has risen about 30 percent this century; expanding from around 75 million barrels per day in 2000 to 95 million barrels in 2016, with the top 10 - producing countries accounting for more than 60 percent of the total production.

The oil producing countries have agreed to continue this program until the conclusion of 2018.

Following an agreement late last year among members of the Organization of the Petroleum Exporting Countries and several other large oil - producing countries to restrict supplies, prices rose and largely held their gains as participants appeared to be mostly complying with the terms of Countries and several other large oil - producing countries to restrict supplies, prices rose and largely held their gains as participants appeared to be mostly complying with the terms of countries to restrict supplies, prices rose and largely held their gains as participants appeared to be mostly complying with the terms of the deal.

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait's OPEC governor Nawal Continue Reading

Another significant factor is the price that's necessary for countries that produce crude oil or export crude oil out of the Organization of the Petroleum Exporting Countries (OPEC) or countries that produce crude oil or export crude oil out of the Organization of the Petroleum Exporting Countries (OPEC) or Countries (OPEC) or non-OPEC.

A surge in intraregional mergers and acquisitions and a pickup in Islamic debt, or sukuk, issuance contributed to a 19 % rise in investment banking fees in the Middle East last year, as oil - producing countries in the Gulf funneled some of their export earnings into the purchase of companies in neighboring countries.

Political turmoil in the region threatens to stunt any equity - market rallies, but the oil - producing countries of the Gulf have strong economies and active sovereign wealth and private equity funds.

The top seven oil - producing countries in the Middle East accounted for more than 90 percent of the total black gold produced in the Middle East in 2016.

The Organization of the Petroleum Exporting Countries (OPEC) is unable to even set a production target, and Saudi Arabia and Iraq are producing record amounts of oil.

For example, as long as there are large pools of oil in the ground, the price of oil will be determined by the policies of oil - producing countries as to how much to pump.

There are traders and dealers of copra in coconut producing countries, and they sell their copra to coconut oil manufacturing plants.

We are very fortunate today that the coconut oil producing countries have done quite a bit of research on virgin coconut oils over the past several years.

Since the dried coconut (desiccated coconut) industry is well established in coconut producing countries, many of these industries have added virgin coconut oil to their product line.

However, rain forests and peat lands in palm oil producing countries are under pressure — particularly in Indonesia and Malaysia — and in response, many of the world's largest retailers and food companies have pledged to convert entirely to sustainable palm oil by 2015.

As I predicted on the last day of 2010 in my blog post «Significant Research and News from 2010 Regarding Coconut Oil and Saturated Fats,» 2011 is seeing some major research being committed to the health properties of coconut oil from the coconut producing countriOil and Saturated Fats,» 2011 is seeing some major research being committed to the health properties of coconut oil from the coconut producing countrioil from the coconut producing countries.

Certainly, oil has attracted a lot of dubious characters into the country and it's not just Ghana, also Nigeria and many other oil - producing countries on the continent.

In that case we were able to come out with what we called the amnesty programme which brought about the end of militancy in that part of our country where crude oil is being produced.

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.

Monarchs on the platform of Traditional Rulers of Oil Mineral Producing Communities of Nigeria have commended President Muhammadu Buhari for making conscious efforts to eliminate corruption in the country.

Following the visit of the acting President, Prof. Yemi Osinbajo to the oil producing region in the country, the Niger Delta Non-Violence Youth Leaders Assembly, (NDYLA), a peace advocacy group, has commended his action describing it as a morale booster.

In his second leg visit to the oil producing region of the country, Nigeria's acting President, Prof. Yemi Osinbajo has on Friday urged militants in the area to desist from destroying oil pipelines has this would only hinder growth in the region and hurt the citizens more.

A lot of them haven't been to school and they are claiming, you know, that Nigeria has been an oil - producing country and therefore they should sit down and do nothing, and get housing, healthcare, education free...» In response to Buhari's unfortunate remarks, twitter hashtags #LazyNigerianYouths and #LazyNigerianPresident emerged with young Nigerians rejecting the notion they are lazy, and affirming they were working hard against significant odds erected by Buhari and his generation of failed Nigerian leaders!

According to President Akufo - Addo, as a relatively new entrant in the league of oil - producing countries, Ghana is not going to treat her oil like she has done with gold, and allow it to be exported in its raw material form as crude.

The governor said: «It is shameful that Nigeria produces crude oil but imports refined petroleum products from other countries that have no crude oil deposits, instead of our refineries to be functional.

Speaking at a rally at Anweaso in the Adansi Asokwa constituency of the Ashanti region, President Mahama stressed the NDC is the only party stable enough to govern the young oil - producing country.

Following months of exploration activities, Borno State has joined the club of states producing oil in the country with the discovery of crude oil in the...

A lot of them have not been to school and they are claiming that Nigeria has been an oil producing country, therefore they should sit and do nothing and get housing, healthcare and education free.»

The president said that Nigeria has a very young population, most of whom were uneducated but wanted everything offered them on a silver platter, just because the country is an oil - producing nation.

«More than 60 percent of the population is below 30, a lot of them haven't been to school and they are claiming that Nigeria is an oil producing country, therefore, they should sit and do nothing, and get housing, healthcare, education free,» Buhari said.

New Jersey Democratic Senator Corey Booker later asked Pruitt if he had sent similar letters of behalf of Oklahoma citizens affected by pollution, citing statistics showing the major oil and gas producing state has among the highest asthma rates in the country.

Max Shauck, chair of the Baylor Institute for Air Science (who flew an ethanol - powered prop plane at air shows in the 1980s), has converted at least 1,000 such aircraft in Brazil, a country that has weaned itself from foreign oil by embracing ethanol domestically produced from sugarcane.

«The governments of oil and gas producing countries are already under pressure to reduce spending on subsidies as revenues shrink,» says Jewell.

On top of this Canada has more stringent environmental laws then many oil - producing countries, so if oil has to be used, Canada is the best place to get it.

Mark Brownstein, a climate expert at the non-profit Environmental Defense Fund, said the countries, two of the world's largest petroleum drillers, showed real leadership in «setting a mark for other major oil and gas producing nations.»

Oil - rich Nigeria produces the most oil of any African country, yet struggles with widespread poverty and corruptiOil - rich Nigeria produces the most oil of any African country, yet struggles with widespread poverty and corruptioil of any African country, yet struggles with widespread poverty and corruption.