Sentences with phrase «oil exporting nations»
As oil exporting nations experience both declining oil production and increased domestic oil consumption, they will reduce oil exports to the U.S. Because the U.S. is highly dependent on imported oil for transportation, food production, industry, and residential heating, the nation will experience the impacts of declining oil supplies sooner and more severely than much of the world.
https://dotearth.blogs.nytimes.com/ Not exact matches
While U.S. exports are soaring, its imports are falling - reducing its economic and political dependence on oil - producing nations in the Middle East and elsewhere.
«The value of the Canadian dollar and the price of oil, one of the nation's top exports, have both tumbled to near record lows,» the billionaire and former three - term mayor of New York wrote ahead of Trudeau's arrival for town - hall event on live television.
The United Nations Security Council on Monday unanimously approved new sanctions against North Korea, the harshest yet — capping North Korea's oil imports, banning textile exports, ending additional overseas labor contracts.
Oil accounts for over 95 percent of Venezuela's export earnings, so the collapse has been acutely felt in the South American OPEC nation.
Determined to prevent any uprisings of this nature in their domains, oil - exporting nations have reacted to The Arab Spring by ramping up spending on social programs.
Venezuela, an oil - rich nation that went on a spending spree, is struggling to meet $ 10 billion in debt obligations this year, since 95 percent of export earnings depend on crude.
Consumers are reaping the benefits, while oil - exporting nations are struggling to balance their fiscal budgets and oil companies are seeing their stock prices slump.
Higher oil prices have provided a boost to the economies of oil - exporting nations such as Saudi Arabia.
While we hear a lot in Canada about the prospects for exporting our oil and gas resources to China, there are also abundant opportunities in that nation's clean energy sector.
As a G - 20 nation and the only OPEC country in Asia - Pacific, Indonesia exported $ 6.4 billion of petroleum last year, but it will ride out the oil price crisis practically unscathed.
The Treasury Department says a group of 15 «oil - exporting» nations including Saudi Arabia held a total of $ 281 billion in Treasuries in February, deposited either in the United States or in one of the 15 countries.
This fact was derived from the United Nations Conference on Trade and Development Commodity Yearbooks which show «Third World» commodity exports by value in the period 1970 — 1998 as being in order of crude oil in first place, Kona in second, followed by sugar, cotton, and others.
«Emphasis should be on adding value to the primary commodities like oil before exporting them in order to get the desired yield like other nations from natural resources
Ghana was forced to turn to the IMF for a three - year $ 918m loan programme in 2015, after the nation, which began exporting oil seven years ago and produces large amounts of gold and cocoa, was hit by the slump in commodities prices.
Dangote, whose cement unit is Nigeria's biggest listed company, has been investing in agriculture as the country's government seeks to diversify away from oil, which accounts for 90 percent of the nation's export earnings and the bulk of revenue.
Less than 18 months ago, the US depended on our oil, today US exports oil to other nations.
As a major oil producer, involving the private sector — and I am aware that Dangote is building some refineries and tank storage capacities — it should be possible to process Nigerian oil locally into finished petroleum products and export them to West Africa and the rest of Africa without us having to import petroleum products from outside.Speaking as a former leader of an African country, I can tell you that our quest to build our countries into industralised economies that can begin refining our own raw materials and manufacturing what we need, is not a development paradigm that the rich nations are enthused about.
The report, entitled Financing Climate Disaster: How Export Credit Agencies Are a Boon for Oil and Gas, calls on USEXIM and other nations» export credit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate cExport Credit Agencies Are a Boon for Oil and Gas, calls on USEXIM and other nations» export credit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate cexport credit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate change.
For many, debt is heavily driven by the need to import oil that at today's oil prices can not be paid for by sales of agricultural products, textiles, and other typical developing nation exports.
Walking down East Patapsco, she pointed out the facilities as they came into view: the nation's largest medical waste facility along with coal export terminals, oil tank farms, animal rendering facilities, chemical factories and Baltimore City's main landfill — among others.
The global trade of oil and natural gas is dependent on our nation's ports and waterways to move crude oil to our nation's refineries, export refined products and natural gas to markets abroad and move products domestically on our vast inland waterway system.
As oil prices languish, even oil - producing nations are getting in on the fun: cutting subsidies and curbing consumption so they can save more of their production for export.
American energy abundance also strengthens our ability to export oil and natural gas to our allies, enhancing their security by lessening dependence on nations that use energy as a political weapon.
Currently, officials estimate national fossil fuel - related emissions by what is burned (known as production) within a nation, but this approach underestimates the emissions contributions from countries that extract oil and oil for export.
The chapter's media release noted, «The Mid Island chapter of the Council of Canadians is joining the Snuneymuxw First Nation, Save our Shores, the Sierra Club and Tanker Free B.C. for a rally outside the Kinder Morgan open house... Kinder Morgan is planning on twinning the Trans Mountain oil pipeline and increasing oil tanker exports from the Port of Vancouver from one tanker a week to one tanker a day.