Sentences with phrase «of oil exporting»

However, it has also drastically reduced the revenues of oil exporting countries, whose governments rely heavily on oil and gas royalties to finance budgets and loan repayments.

The security of oil supplies, given the political and military turmoil in much of the oil exporting world, centered in the Persian Gulf region;

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading

Black has also said he thinks his proposed refinery, by providing permanent jobs and economic benefits to British Columbians hitherto wary of oil exports, «will change the debate on the pipeline.»

President Trump's launch of 59 Tomahawk missiles to destroy one Syrian airstrip exacerbated an already complex situation in the Middle East, risking additional disruption of oil exports.

U.S. President Donald Trump will decide by May 12 whether to restore U.S. sanctions on Tehran, which would likely result in a reduction of its oil exports.

But possibly the most significant and ambitious goal in Vision 2030 is to wean the kingdom's economy off of oil exports, which accounted for roughly 87 percent of total budget revenues as of December 2016.

The surplus in goods trade with the U.S. was the smallest since the third quarter of 2016, as weaker prices decreased the value of oil exports.

The OPEC countries were able to obtain a considerable share of the wealth of the world by combining to raise the price of their oil exports.

With the lifting of the oil export ban, the pipelines could service New Jersey or other ports with export facilities, instead of or in addition to the Bayway refinery in New Jersey, which opponents say does not want and could not use anything close to all of the crude oil Pilgrim might be shipping south from Albany.

The fossil fuel - funded Americans for Prosperity wrote a coalition to Congress signed by 21 front groups calling for the elimination of the oil export ban.

Though they lauded the tax credit extensions, environmental groups including the Sierra Club opposed the lifting of the oil export ban that Republicans demanded in return.

Not exact matches

«You have an economy where 85 percent of export is some form of oil and the rest, even the non-oil, is petroleum products,» Iradian said.

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

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.

Canadian crude oil exports, in 1000s of barrels per day, to US Petroleum Administration Districts for Defence (PADDs).

NEW YORK, April 24 - Oil prices slipped on Tuesday as concerns the United States might reinstate sanctions against Iran faded somewhat, reducing worries about the future of Iranian exports.

Later, on the sidelines of Suncor's annual general meeting, Williams said he hopes that «good sense and reason prevail» but added Suncor has a contingency plan in case Alberta follows through with its plan to restrict oil or refined fuel exports through the existing Trans Mountain pipeline to B.C.

It didn't matter that Canada did not actually export many of these products, including oil, to China; demand growth there affected prices worldwide.

Canadian crude oil exports do flow predominantly to the U.S., but the regional distribution of those crude oil exports is vitally important to understand.

Buried in statistics released by the Energy Information Administration this week indicating the United States is exporting more crude oil than it has in 15 years is a still more startling fact: «Almost all of the crude oil exported from the United States has been delivered to Canada.»

About a half of those imports are heavy naphtha, bought by PDVSA to dilute its extra heavy oil output and make it suitable for export.

«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.

But that's not to say that Norway doesn't sell refined oil products to the rest of the world; Statoil has built a 110,000 bbl / day refinery specifically to serve the export market.

-- One pipeline would carry up to 525,000 barrels a day of oil sands products west to Kitimat for export.

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

For all the defiance, pressure on the Russian economy is slowly mounting under the combined influence of sanctions and, more importantly in the short term, the sharp drop in the price of oil, its main export.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

More than 30 percent of seaborne oil exports pass through that narrow waterway daily.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for U.S. support of the Israeli military.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

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.

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.

The Canadian dollar appreciated by nearly 42 % relative to the greenback, mostly due to the increase in the value of Canada's oil exports.

In 2012 and the first half of 2013, Canada's oil exports averaged about 2.4 million barrels per day.

Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's ooil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oOil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oiloil.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

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.

The EIA estimates that approximately 17 million barrels of oil per day — about 35 % of all seaborne oil exports — pass through the strait.

«The people of B.C. don't want our Pacific coast to be transformed into a export facility for dirty oil, no matter where the proposed pipeline runs,» says Ben West of the Wilderness Committee, an environmental group.

Hamm favors the approach of cutting off Venezuelan oil exports to the U.S., as well as stopping U.S. light sweet crude exports to Venezuela, which uses that type of crude to blend it with its heavy crude oil before shipping it to international markets.

Trump will decide by May 12 whether to restore sanctions on Iran that could result in a reduction of Iranian oil exports, according to Reuters.

U.S. crude oil exports rose to 2.175 million barrels per day, or more than 15 million a week, at the end of March.

The U.S. is exporting crude oil at a record pace with no signs of slowing down.

Department of Energy Secretary Ernest Moniz told reporters in Seoul, South Korea that the government was reviewing the issue of crude oil exports, given the mismatch between rising supplies of crude and the U.S. refining capacity, The Wall Street Journal reported.

Canadian Prime Minister Stephen Harper was «profoundly disappointed» that Obama delayed a decision on the pipeline, and has spoken of the need to diversify Canada's oil exports.

Ninety - seven per cent of Canadian oil exports now go to the U.S.

The price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil exports.

«The exports are what we need to focus on through the next 30 days,» Kloza, co-founder of the Oil Price Information Service, told CNBC's «Futures Now» last week.