Sentences with phrase «of oil country»

Alternative feedstocks are needed to boost ethanol production, Saha said, and the 1.3 billion tons of biomass available in the U.S. would be sufficient to produce the total amount of oil the country imports each year.

Now with the rise of the oil country backed teams like Man City it is nigh impossible to win titles.

So, one of the oil countries selling billions of oil also needs subsidies?

Not exact matches

The program had aimed to use a number of measures to wean the country off oil by 2020.

The collapse of oil prices is one culprit — but the larger problem is that Canada's aging population is radically reshaping the country's fiscal destiny

Saudi Arabia's state - owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.

Iran, a member of the Organization of the Petroleum Exporting Countries, re-emerged as a major oil exporter in January 2016 when international sanctions against...

In a country that relies on oil for more than 70 percent of its GDP8 (gross domestic product), diversifying the economy is a critical issue,» concludes Yves Duteil.

Fresh sanctions on Iran could result in a reduction of the country's oil exports, which would strain global supplies even more, especially given the discipline of the Organization of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.

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

Iran, a member of the Organization of the Petroleum Exporting Countries, re-emerged as a major oil exporter in January 2016 when some international sanctions against Tehran were lifted in return for curbs on Iran's nuclear program.

It suggests the Saudi - led Organization of the Petroleum Exporting Countries and Russia have some work to do if their goal is to lift oil's value.

We are among the limited number of countries with plentiful supplies of oil.

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...

Even more amusing was the realization that the Quebec maple syrup industry maintains a «global strategic reserve» in much the same way that countries keep mass stockpiles of oil or grain.

Despite this, traders said oil was unlikely to tumble far as markets remain supported by strong economic growth and by supply restrictions led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia.

Iran's oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries...

Iran, a member of the rganization of the Petroleum Exporting Countries, re-emerged as a major oil exporter in January 2016 when international sanctions against Tehran...

The VC firm is owned, in turn by Renova Group, owned by Russian billionaire, Victor Vekselberg, who is one of Russia's richest men and dominates the country's oil and metals industry.

Meanwhile, the American oil and gas sector is a fairly small proportion of the country's overall economy.

«The good news of this recovery this year is that the outlook is positive for both oil - importing countries and oil - exporting countries,» Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told CNBC's Hadley Gamble on Monday.

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.

But there's one nook of the country's economy where the plummeting price of oil hasn't yet been felt: plane tickets.

The oil price has risen by 15 percent in the last four weeks thanks to expectations that the United States will re-impose sanctions against Iran, a major oil producer and member of the Organization of the Petroleum Exporting Countries (OPEC).

Chinese oil companies thereafter directed more of their capital into stabler countries like Canada and Australia, notably with the $ 15 - billion acquisition of Nexen Inc. in late 2012.

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

Markets across much of the country have softened, particularly in the energy - reliant Prairie provinces of Alberta and Saskatchewan, where low oil prices are wreaking havoc on regional economies.

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.

The pro-independence Scottish government says Scotland would be entitled to 90 per cent of Britain's oil wealth — based on divvying up the two countries» waters — but only liable for about 8 per cent of its 1.3 trillion pound ($ 2.1 trillion) national debt, based on its share of the U.K. population.

But they represent another way for Wall Street and shale producers to increase the flow of oil, and frustrate plans by the Organization of the Petroleum Exporting Countries to prop up prices.

WASHINGTON, March 21 - The United States on Wednesday imposed sanctions on 15 South Sudanese oil operators that it said were important sources of cash for the government, an action aimed at increasing pressure on President Salva Kiir to end the country's conflict and humanitarian crisis.

Still, though China has managed not to rely on any single country for more than a small percentage of its oil needs, its imports are still quite concentrated in terms of geographical region and in unstable regions at that, namely the Middle East and Africa.

Canada — reliable, stable Canada — is a country Beijing officials would love to see more of in their oil - imports pie chart.

While the loss of the city has no immediate effect on oil exports, now at over three million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

That logic is another reason why OPEC countries have less of an incentive to cut back production: renewable energy sources is starting to give fossil fuels some serious competition, and oil - exporting countries have an interest in keeping oil a cheap alternative.

Oil prices began to recover in 2016 as the Organization of the Petroleum Exporting Countries discussed a return to market management with the help of Russia and other non-members.

One of the country's most connected business leaders, Murray Edwards made his billions in the Alberta oil industry.

SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

Mining giant Woodside Petroleum will expand its presence off the Moroccan coast after entering into a contract with the country's national oil company for a licence to explore another block of the Doukkala basin.

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.

West Texas Intermediate crude oil, the US benchmark, has gained 11 % this year as Russia along with the Organization of Petroleum Exporting Countries continue to cut their production.

Certain regions of the country could also be affected differently by oil prices.

Siv Jensen, finance minister of Norway, told CNBC about the impact of moving oil prices on the country's economy.

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.

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.

Williams rode an oil boom and a pugnacious attitude to the highest approval ratings of any leader in the country, and now exits stage left with barely a dent in them.

Oil prices are near their highest since late 2014 thanks to strong demand and supply cuts by the Organization of the Petroleum Exporting Countries and other...

Kansas is still largely dependent on coal, however, and is one of the country's top hubs for crude oil and natural gas production.

Prosecutors in the country last week slapped Chevron and drilling partner Transocean with an $ 11 billion fine for accidentally releasing around 3,000 barrels of oil off of Brazil's coast.

Oil investor hopes were raised at the start of the year by a deal to cut production between members of the Organization of Petroleum Exporting Countries and some non-OPEC producers.