Sentences with phrase «oil exports as»

And Secretary Kerry must know that the Obama administration is already playing a role in pushing tar sands oil exports as a «free trade» issue, to which an investigative report in the February 13 issue of Rolling Stone called attention:

As well, the government says the deep discount on Canadian oil exports as compared with world prices has added up to about $ 8.4 billion in 2011 - 2012.

Not exact matches

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..

While manufacturing has shown a little weakness, the biggest difference by far is in mining — and that's where the Oil patch weakness shows up, as well as coal and metals production for export (recall how awful rail and steel have been in the Weekly Indicators for the last 4 months).

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.

The report comes as world oil and gas prices are falling and other major LNG developers, including Malaysian state - owned Petronas, put their B.C. LNG export facility plans on hold.

For one thing, the concerns over the decline in crude oil prices may be overdone, it said, adding that the economy is still resilient and Malaysia is likely to maintain a trade surplus as demand for imports is also softening along with exports.

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.

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 then fly to Beijing where, according to senior administration officials, he will try to convince a reluctant President Xi Jinping to squeeze North Korea further with steps such as limits on oil exports, coal imports and financial transactions.

Domestic exports have not dipped below 1 million barrels a day since late November, as U.S. oil producers fill the void left by reduced capacity from Mexico and Venezuela.

Disruptions in Venezuela's oil industry can have outsize impact on the country, as oil brings in about 95 % of its export revenue, which has been used to purchase imports like food and medicine as domestic production dries up.

OPEC oil output rose slightly in October, keeping the global market well supplied, as additional exports from Iraq, Angola and Libya offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.

The vow came as the Calgary - based company blamed clogged export pipelines for its worst heavy oil price discounts in five years during the first three months of 2018, contributing to a higher - than - expected $ 914 - million net loss in the first quarter.

CNBC's Jackie DeAngelis takes a look at oil prices as markets react to the possibility of the U.S. oil export ban being lifted.

The costs of the discount are increasing as delays continue for all three major proposed oil pipelines to export more oil from Western Canada, including Kinder Morgan's Trans Mountain expansion, Enbridge's Line 3 replacement, and TransCanada's Keystone XL.

The company is also involved in the cultivation of olive trees, as well as sale and export of olive oil in the retail industry.

Considering that Canada's oil and gas exports to the U.S., worth $ 92 billion in 2010, account for more than half of Canadian production of those commodities — and nearly a quarter of Canada's total merchandise exports — this is an ominous turn of events for Canada as well.

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.

And as if to make room for more foes in the federation, Kenney also hinted he could cut off oil exports to B.C. if Premier John Horgan, another New Democrat, takes action to block the Trans Mountain pipeline expansion.

All told, the province's economy stands to gain up to a maximum of $ 10 million a day: up to $ 5 million by not importing as much oil and another $ 5 million by increasing exports of gas.

Indeed, the US is so awash in oil that, even as Obama ponders his decision on Keystone, the American Petroleum Institute is working hard to remove restrictions on exporting crude that date back to 1975.

Oil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own oOil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own ooil - exporting countries increasingly consume more of their own oiloil.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

By its actions, the central bank shows it clearly understands the pressing role a devalued loonie will have to play in boosting non-energy exports, as contributions from the oil economy continue to fade in the coming years.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

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.

Secondly, as guest and I have been trying to point out if the appreciation in currency for Japan / Germany is due to increased demand for there manufacturing exports this is not the same thing as an appreciation caused by increased demand for oil exports.

The event, part of the kingdom's drive to free itself of reliance on oil exports in an era of cheap oil, attracted senior executives of global banks such as Citigroup, Goldman Sachs, Bank of China and Mizuho.

Indeed, because of the difficulty of transmitting electricity or moving oil, it's entirely possible that Canada could export to the U.S. while the U.S. exports the exact same good to Canada as well.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

«Apart from the oil trade, the non-oil trade for Kazakhstan is very much linked to Russia as an export market,» Randolph said.

It's why a project that's really about exporting raw bitumen to foreign refineries is instead being sold as a way to reduce the risks to Canada of buying oil from far - flung producers.

But with the crude oil export ban lifted and liquefied natural gas (LNG) exports on the rise, landowners like Rosinski are starting to question whether or not giving up their land to serve these private aims qualifies as «public good.»

Admittedly we are a net importer of oil (increasingly so as Bass Strait reserves diminish), but Australian entities make large exports of natural gas and thermal coal, whose prices are highly correlated with oil prices over time.

Political attempts to strong - arm B.C. — such as Alberta cutting back oil exports to the province or Ottawa withholding infrastructure dollars — appear to be less effective in getting those currently opposed to the project to say «yes,» according to Angus Reid.

OPEC oil output is rising in March, a Reuters survey found, as higher supply from Iran after the lifting of sanctions and near - record exports from southern Iraq offset maintenance and Continue Reading

Saudi Arabia cemented its position as India's top crude oil supplier in February, exporting 60 % more crude than it did in February 2015 and 24 % more than January, and leaving Continue Reading

But if this article was meant to convey an opinion (i.e. «We shouldn't export oil because higher pump prices are an unstoppable evil») then you might as well argue that we shouldn't export ANY goods because that causes the price of those good to go up at home.

In terms of oil shipments to the U.S. and China, Saudi exports to the U.S. have been on the decline as the total U.S. imports fall while domestic shale production rises.

Just as Albertans expected their political leaders to fight back when Trudeau - the - dad tried to force his National Energy Plan on them in 1980, British Columbians expect our premier to fight to protect our province from bullies from across the Rockies trying to bisect British Columbia with an unwanted pipeline to deliver toxic bitumen to Burnaby for export on oil tankers.

Crude oil exports are also set to rise further, so in a global context, the U.S. Gulf Coast has emerged as one of the most vital energy hubs, meaning that «in some respects, it can be compared to the Strait of Hormuz in that normal operations are too important to fail,» the IEA cautioned.

Last week's strange diesel exports are more likely an anomaly than a trend: As the U.S. continues to ramp up output of light, sweet, Texas oil, refiners» ability to pump out diesel will be threatened, and the U.S. will soon face a shortfall, Fitch's BMI Research analysts said Wednesday in a note.

The negative effects of lower oil prices hit the economy right away, and the various positives - more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending as households spend less on fuel - will arrive only gradually, and are of uncertain size.

Higher oil prices have provided a boost to the economies of oil - exporting nations such as Saudi Arabia.

As such, it's not at all clear that the Province has the right to enact the powers it is attempting to here over refined products, although it clearly does have the broad power to restrict exports in the case of crude oil, synthetic crude oil, and bitumen and other resources.

Implementing (another nascent trend) better economic policy in key emerging economies (China, India) as well as key developed economies (eurozone, Japan) with at least the possibility of future breakthroughs in U.S. economic policy (immigration, oil exports, trade promotion authority).

The Canadian economy continues to work its way back from the post-crisis global recession and the associated collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.

A steady drop in the quality of the oil Venezuela exports, as well as default on payments to various refineries, have whittled away at whatever confidence was left in the Venezuelan government.

With crude - oil exports rising year - over-year, the value of the exports did not rise proportionally, with Canada's crude - oil export bill declining about 11 percent to $ 50 billion in 2016 compared to $ 55.8 billion the previous year, as lower crude prices and a weaker dollar cramped the export value of crude.