Sentences with phrase «of oil fuel»

Not exact matches

LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

More than half of the world's oil fuels transportation like cars, trucks, and planes.

Wednesday: Boeing & Biogen Boeing: In the past, this company has been deemed a loser on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price of oil is so low.

We are also investing in this field ourselves: one of our airlines, Virgin Australia, is working in partnership with Dynamotive Energy Systems and Renewable Oil to develop an alternative jet fuel that will enable our global aircraft fleet to transition to clean energy.

Fossil - fuel subsidies drain government budgets, throwing up a fiscal wall that blocks state support for clean energy while protecting the interests of the oil industry.

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.

Fossil fuel usage, meanwhile, is expected to hit its ceiling in 2030 at 2.93 billion tons of oil equivalent with coal expected to continue as the top energy source for China by 2050.

It is often difficult to calculate the precise proportion of fossil fuel investments in complex funds, but about $ 400bn of the $ 5.2 tn total is likely to be in coal, oil and gas.

Large integrated oil companies are known as such because they not only produce oil, but they also refine it into finished products, such as jet fuel, gasoline, heating oil, and diesel, and sell it via a network of gasoline stations.

Fuelled by a tripling of oil prices during the last five years, Gulf Arab acquisitions of foreign companies have surged.

That was before the dawn of the Oil Age, the energy transition that would fuel the company's real rise.

The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial investment and pension funds.

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

It was a modified steam - assisted gravity drainage (SAGD) technology that, instead of burning natural gas to create steam to inject into the oilsands layer and thus «melt» the bitumen (heavy oil) away from the sand (as some experts describe it, burning a clean fuel to create a dirty one), it would burn a bituminous byproduct of the upgrading process in a closed loop.

So although the air travel industry faces two huge challenges — the rising price of oil, and the environmental impact of the roughly 1.5 billion barrels of jet fuel that the airline industry burns through each year — the solutions are likely to be all but invisible.

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.

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.

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.

India wants to increase the share of gas, which is a cleaner fuel than oil, to 15 percent of its energy usage by 2030 from 6.2 percent currently.

The engine itself may be made up of various parts, such as an oil filter, a fuel pump, a radiator and so on.

UAF has worked extensively with both institutional and commercial partners in Alaska and in recent years, using drones to monitor sea lion populations in the Aleutian Islands, conduct ice flow and environmental surveying missions for NASA and National Oceanic and Atmospheric Administration, inspect pipelines for oil and gas giant BP and assist a Russian tanker during a dangerous late - season fuel delivery to the remote Alaskan outpost of Nome.

The net bullish position was equivalent to 1.411 billion barrels of crude and fuels - enough to satisfy global oil consumption for more than two weeks.

Along with the sharp rise in crude oil prices since 2003, B.C. and Ontario added 7 % to 8 % to the price of fuel with the introduction of HST in those provinces in 2010.

Oil prices were higher in choppy trade on Wednesday, as a bigger - than - expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.

«A DPRK - flagged tanker, SAM MA 2 owned by Korea Samma Shipping Company, conducted a ship - to - ship transfer of oil and fabricated documents in mid-October 2017, loading almost 1,600 metric tons of fuel oil in one transaction,» the United Nations said.

Now their increasingly dominant role as fuel thieves pits two of the country's biggest industries — narcotics and oil — against one another.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

LAUNCESTON, Australia, April 30 (Reuters)- The term «demand destruction» is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back on their fuel consumption.

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Servioil, said Tom Kloza, global head of energy analysis at Oil Price Information ServiOil Price Information Service.

In the season where Formula 1 gets to grip with its own «fuel crisis», we look at two of the biggest global oil companies involved with the business of F1.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

In Lebanon, for instance, an IRC report found that 87,700 Syrian refugee families each given $ 575 via ATM cards spent the money on food, clothes, fuel oil and getting out of debt.

«People have been predicting the end of oil and other fossil fuels for decades.

«There isn't really yet a large scale substitute for crude oil as a source of transportation fuel,» said Foley.

Rive argues that it should stay underground, that the oil majors look at the world through petroleum - coated lenses, and that the benefits of solar are so obvious that once the price becomes more competitive, fossil - fuel use will plunge.

Suncor provides a good, diversified example of the sector — Suncor markets oil sands products from a variety of operations, both mining and in situ operations, and sells both diluted bitumen and synthetic products including diesel fuel.

There was not much to see in Luanda except massive traffic jams and high - rise yellow cranes, because the nation was in the midst of an oil - fueled construction frenzy.

Instead of a world dominated by renewable sources of power like wind and solar — as people concerned about the dangers of climate change would hope — PE execs see gas, oil and even coal as a substantial component of electricity and fuel sources in 2039, according to recent interviews conducted by CNBC.com on the future of energy as part of CNBC's 25th anniversary.

Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his company's quarterly results and the impact of lower oil prices on jet fuel costs.

In addition to tax changes (more on that below), Trump's plan to grow the economy focuses largely on generating more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for oil and gas) and as a result of new infrastructure projects.

A similar wells - to - wheels study released in September by IHS Cambridge Energy Research Associates out of Massachusetts found fuels derived from oilsands to be just 6 % more carbon intensive than the average of all oil sources consumed in the U.S.

«The oil companies knew from 1959 on, they did their own study that there would be global warming happening because of fossil fuels, and on top of it that it would be risky for people's lives, that it would kill,» Schwarzenegger said in the podcast.

• Abu Dhabi National Oil Co., or Adnoc, is seeking an IPO of up to $ 2 billion for its fuel - retaining unit, Bloomberg reports.

Meanwhile, the world's nearly 8 billion people and $ 80 trillion economy depend on hydrocarbons to supply over 80 % of global energy; oil fuels 98 % of transportation.

In the case of limiting exports of refined fuel to B.C., he said, the government could argue it is simply pursuing a policy of enhancing value by relieving a glut of unprocessed oil from the oilsands for the good of its citizens.

His rivals play off it on the campaign trail, with the NDP's Thomas Mulcair bemoaning billions in subsidies to the fossil fuel sector and Liberal Leader Justin Trudeau saying Harper «bet everything on the price of oil.»

This and other advances have pushed American oil and gas output to record highs and fueled a revival of U.S. energy exports.

Papa's comments on Tuesday were a stark contrast to the tone of cautious optimism at the conference, where many executives claimed that data analytics and technology, like machine learning, will improve efficiency in the oil patch and fuel further gains.

It described a scenario whereby gas begins to replace coal and oil as a transportation and electricity - generating fuel and satisfies a dominant share of new demand.

Producers would have to develop new products and uses for the resource — gasoline, diesel, heating oil, asphalt, lubricants, petrochemicals and aviation fuel — before oil supplanted coal, wood and whale oil, the dominant energy sources of the day.