Sentences with phrase «of oil control»

Not exact matches

«The Petro is really a top - down hierarchically controlled asset, and its much more akin to a new way to tokenize oil,» he added, noting that when the first gold ETF appeared, they weren't considered gold, but a different way of packaging the commodity.

The companies that extract oil and control access to reserves are the ones whose fortunes most closely track the price of oil.

Tillerson's predecessor, Lee Raymond, tried to buy Russia's most profitable oil company Yukos from the oligarch Mikhail Khodorkovsky, who had gained control of it during the highly corrupt privatizations under Boris Yeltsin in the 1990s.

Jim Cramer argues that OPEC is a «shadow of its former self» and no longer wields control over the price of oil.

Meanwhile, the 2015 repeal of a 40 - year - old ban on crude oil exports - passed by a Republican - controlled Congress and signed by former President Barack Obama - has made strategic shipments overseas possible.

They lead production facilities like oil wells, mines and fisheries, and are responsible for a wide variety of duties, from ensuring production targets are met to quality control to health and safety.

In early March, as rebels fought for control of the country's east coast ports, where much of the country's oil is refined or shipped abroad, the price of the American crude contract (West Texas Intermediate, or WTI) broke US$ 100 for the first time since 2008.

To be fair, there have been a several times that markets didn't recover as quickly after seismic geopolitical events such as the invasion of France in 1940 and the Yom Kippur War (which led to a complete realignment of control over global oil), according to the Credit Suisse team led by Keating.

That could cut off a major supply of oil while potentially handing the region's balance of power to Iran, which could end up in control of the routes used by 40 % of the world's seaborne oil.

HOUSTON, April 16 - Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

HOUSTON, April 16 (Reuters)- Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

Prosecutors began to uncover a string of corruption scandals in 2014 and 2015, involving both private and state - controlled companies, like Petrobras, the nation's oil and gas champion, as well as current and former elected officials — namely, the former president of Brazil, Luiz Inácio Lula da Silva.

Trump has increased US support for the Saudis against Iran, which could increase the risk of a battle for control of the oil market spilling into an all out confrontation.

A variety of factors, like regulations, exchange and price controls, and insecurity would inhibit the broader Venezuelan economy's ability to respond in the event oil income dried up, Rodriguez added.

The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts.

The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts, the sources told Reuters.

As someone in their mid-50's, I am old enough to remember the start of oil - price gouging and the beginning of OPEC (Organization of Petroleum Exporting Countries) holding our energy consumption hostage by controlling the supply of crude and keeping prices high.

Ahern earned an electrical engineering degree from University of Vermont and with help from an unnamed angel investor who «bet on people heading in the right direction» started a company in 2002 — Industrial Defender, a cybersecurity firm that protects industrial control systems for the electrical grid, oil and gas, and chemical companies — which Lockheed Martin acquired in 2014.

But the oil companies have made just ungodly profits, and we're spending just a boatload of money over in Iraq — we should have control of the oil.

The Calgary - based company, which specializes in analytical instrumentation and process control equipment for industries including oil and gas, pipeline, wastewater and petrochemical, did $ 11 million worth of business that year.

Having noted the success of oil refineries, the government - controlled bank invested in one.

With nearly 2.5 million miles of oil, gas and chemical pipelines crisscrossing the country, intrusions into control systems could do more than disrupt deliveries, said Andrew R. Lee, a cybersecurity expert at the law firm Jones Walker in New Orleans.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Saudi Arabia is converting Aramco, the holding that controls the world's biggest oil reserves, into a joint - stock company and plans to list a stake of up to 5 % on stock exchanges in Riyadh.

«But we can't control the price of oil.

So the government is stuck between the rock of boosting its spending for 11MP goals and the hard place of keeping its budget deficit under control amid declining oil revenue.

Of course, there's also the growth systems, irrigation controls, lights and piping, fertilizers, hydroponics, hothouse supplies, all the things involved in farming and harvesting, and even oil extraction — everything except the seeds and plants.

On the contrary the Jewish interest is solely in the marketing of petroleum products and even there it is probably no more than 5 per cent, the chief marketer being American Oil of Baltimore, and American Oil, though still managed by the Blausteins, who founded it, is now controlled by a Standard of Indiana subsidiary.

«Oil industry companies would do well to be cautious and stop assuming that good relations with PDVSA can last forever due to a common interest in pumping oil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book about how oil ruined the Venezuelan economy, said in an interview with ReuteOil industry companies would do well to be cautious and stop assuming that good relations with PDVSA can last forever due to a common interest in pumping oil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book about how oil ruined the Venezuelan economy, said in an interview with Reuteoil,» Raul Gallegos, associate director with the consultancy Control Risks, and author of Crude Nation, a book about how oil ruined the Venezuelan economy, said in an interview with Reuteoil ruined the Venezuelan economy, said in an interview with Reuters.

Today's «Big Five» possess less than 5 % of global reserves — national oil companies control most of the rest.

The Shanghai oil futures contract is similarly designed to wrest some control over pricing from the main benchmarks in New York and London — West Texas Intermediate (WTI) and Brent — and to promote the use of the yuan, also known as the renminbi.

That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon's accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.

Haftar's advisors expect that the militias will try to attack the Gulf of Sidra area in an attempt to gain control of the ports and oil installations up there.

In the past six years, it has morphed into a business juggernaut that now holds stakes in nearly every sector of Iranian industry, including finance, oil, telecommunications, the production of birth - control pills and even ostrich farming.

This year the Conservative government approved the sale of $ 1.9 billion in oil sands assets to two companies controlled by the Chinese government.

The primary beneficiaries of the Trans Mountain pipeline are Houston's Kinder Morgan, Alberta's slumping oil sector, controlled by foreign multinationals such as Exxon and Shell, and export markets in Asia, primarily China.

The joint statement by the Institutional Investors Group on Climate Change, the Investor Network on Climate Risk, and the Investors Group on Climate Change also encourages intensive gas users and governments in oil and gas importing regions to consider playing a role in encouraging control of methane emissions.

«In light of growing trends, and following the decisions made today, the government of Canada has determined that foreign state control of oil sands development has reached the point at which further such foreign state control would not be of net benefit to Canada,» Harper said.

The oil revenue streams is not yet in control of the elites and Venezuela has not yet defaulted.

Similarly, State owned Petro China spent about $ 2 billion acquiring full control of the Mackay River project from Athabasca Oil Sands Corp...

Not later than 270 days after the date of enactment of the Dodd - Frank Wall Street Reform and Consumer Protection Act, the Commission shall issue final rules that require each resource extraction issuer to include in an annual report of the resource extraction issuer information relating to any payment made by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals...

In March of 2008 the Canadian Boreal Initiative, the Pembina Institute and the Alberta Research Council published a report recommending the use of offsets in the oil sands region of Alberta as one tool to control the terrestrial impacts of oil sands development, including the impact on caribou.

Many traders thought the run - up on crude oil was based only on the potential of an attack on Syria and fears that it would spin out of control.

Those of you who can recall our experience with the oil price shock of the 1970s will remember the subsequent effort required to bring inflation under control.

Years of underinvestment at state - controlled oil company Petróleos Mexicanos (Pemex) have taken their toll.

That deal more than doubled Exxon's resource position to 6 billion BOE, giving it control of an extensive inventory of low - cost drilling locations that it can tap in the years ahead to grow output in an improving oil market.

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

Brazilian state - controlled oil company Petroleo Brasileiro SA has chosen French company Engie SA to enter exclusive talks to sell its gas pipeline network Transportadora Associada de Gás, three people with knowledge of the matter said on Thursday.

The Venezuela state oil company PDVSA, which has borrowed more than $ 6bn from Kremlin - controlled Rosneft, caused consternation in Washington last year after putting up a 49.9 percent stake in its US - based refining subsidiary, Citgo, as collateral against a portion of the loan.

Canada would not deliver control of its oil sands — the world's third - largest proven reserves of crude — to a foreign government, Harper insisted.