Sentences with phrase «oil exports from»

Canadians hoping Alberta's oil exports from its tar and oil sands will expand may be disappointed.

12 March, 2018 — Canadians hoping Alberta's oil exports from its tar and oil sands will expand may be disappointed.

NDP leader Adrian Dix has precluded a major increase in oil exports from the existing Westridge Terminal in Burnaby

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.»

The United States is the largest market for Canadian crude, with the neighbouring country purchasing almost 99 percent of the total crude oil exported from Canada in 2016 and the five - year average ranging between 97 - 99 percent.

Not exact matches

Canada exported $ 42.0 billion in merchandise in May 2015, down $ 2.4 billion from the previous May, partly due to falling oil prices.

«The good news is that the regional growth is improving for both oil - importing and oil - exporting, yet the region is not fully benefiting from the improvement in the global outlook and this requires countries in the region to pursue the reform agenda,» he said.

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.

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.

The so - called shale revolution could help to alleviate Washington's reliance on foreign oil, including from turbulent Middle Eastern states, while also supporting a bid to export to more countries around the world.

Although much of the recent drop in oil prices has been due to the prospect of higher exports from Iran in the coming months (the International Energy Agency forecasts an extra 300,000 barrels a day by the end of March), the dumping of stored oil is essentially a short - term factor, and its influence on crude prices should logically pass quite quickly.

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.

In a country that depends overwhelmingly on oil exports for hard currency, Dos Santos had made fortunes in mobile telecoms and supermarkets, benefiting — her critics say — from family connections, before being appointed head of Sonangol in 2016.

Diplomats have said the UN Security Council could now consider banning Pyongyang's textile exports and the North's national airline, stop supplies of oil to the government and military, prevent North Koreans from working abroad and add top officials to a blacklist to subject them to an asset freeze and travel ban.

«The Obama Administration is already studying whether to lift the restrictions on oil exports, but this is something that is likely to face a lot of opposition in Congress from both Democrats and Republicans, who worry that lifting the restrictions could cause gasoline prices to rise,» said Herman Wang, senior editor of oil news at Platts.

The Paris - based IEA forecasts in its latest oil markets report that crude - by - rail exports will grow from 150,000 barrels a day in late 2017 to 250,000 barrels a day this year and then to 390,000 barrels a day in 2019.

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.

According to a recent Reuters report, depending on who takes a Senate seat from several of these battle ground states and who wins certain gubernatorial races could mean which of the energy topics — EPA carbon regulations, the Keystone Pipeline XL's approval, relaxing crude oil export rules, developing clean energy technology — will take priority.

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.

That was followed in 2012 by Victoria newspaper publisher David Black's much more ambitious but somewhat speculative Kitimat Clean project, consisting of a $ 25 - billion oil refinery in the northern town that would create jobs and taxes in B.C. while ensuring that the exports were of finished products rather than the diluted bitumen from the oilsands whose behavior in the case of a marine spill is virtually unknown.

On Monday, Kinder Morgan Canada formally applied to the National Energy Board for permission to triple the capacity of its Trans - Mountain oil pipeline from Edmonton to the Pacific Coast and expand export capacity at its Westridge Marine Terminal in Burnaby, B.C.. We'll spare you the details of the 15,000 - page filing.

April 14, 2005: The company announces a deal with PetroChina Co. to transport oil from Alberta to the B.C. coast for export.

Not only are oil producers trying to back out from Alberta Clipper, but Enbridge itself has battled an effort by TransCanada Corp. to build another major pipeline, called Keystone XL, to export crude to the U.S..

Before the recent string of production disruptions, which were caused by militant blockades on pipelines carrying crude from three fields to export terminals, Libya was pumping over 1 million barrels of oil daily, eyeing 1.2 million bpd in output by the end of the year.

Saving oil and natural gas through efficiency gains and investment in renewables would also generate profit by allowing BC to import less oil from Alberta and to export more of the natural gas it already extracts.

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.

NEW YORK, April 20 Prices for heating oil and diesel fuel traded on the U.S. East Coast are scaling multimonth highs, bolstered by unusually cold weather across the country and a surge in export demand, particularly from Brazil and Canada.

Higher use of oil and gas in transport, heating and industry would lead EON and RWE to export its surplus energy from coal, gas, and nuclear to other European markets that are lagging behind.

And though exports of oil have increased, helping to shrink the U.S. trade deficit in energy by half from fourth quarter 2016 to fourth quarter 2017, the improvement has had negligible impact on the much larger overall U.S. trade deficit, which grew during that period.

The majority of its revenue comes from exporting oil via the Trans - Alaska Pipeline System.

With regard to oil exports, the product from Alberta has to be moved across B.C. (more pipelines needed) and shipped in tankers (more port construction) to Asia.

For example, you'd need the Saudis to donate the next 146 years of revenue from their oil exports to fully pay down the debt.

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

To answer a few of your questions, exporting bitumen from Canada's west coast will not make the country any stronger, only the Texas oil company a little richer, and the earth much more in peril.

He's signaled he may approve the Keystone XL oil pipeline from Alberta's oil sands to the U.S. Gulf Coast and may authorize new spending and tax cuts, which could boost Canadian exports of raw materials and equipment.

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.

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

Moreover, lower potential output in the U.S. eases the risk of a regulatory ban on oil from Canada's oil sands, and could lead to increased oil exports to the U.S.»

In the last two years, for the first time, the value of U.S. energy exports to Mexico (mainly petroleum products) has been greater than the value of energy imports from Mexico (mostly crude oil).

Moreover, because Canada is a landlocked market with infrastructure that only allows for the export of crude oil to the U.S., the U.S. does not have to compete with any other customers for heavy oil from Canada.

The U.S. refines crude oil — including the imports from Canada — both for its own consumption and for export.

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.

«Based on the Saudi current - account balance, Aramco had revenues of $ 160 billion last year from just oil and refined products exports when the average price of oil was $ 43 a barrel,» Fareed Mohamedi from the Rapidan Group said.

My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products from Southwestern Ontario push up the value of the Canadian dollar, making life more difficult for oil sands producers.

From the perspective of Energy East, Canada is simply electing to sell oil to itself (presumably at world prices) rather than importing at world prices on the east coast and exporting at (eventually, hopefully) world prices in the west.

And there is a lot to make up for considering that four - fifths of the government's revenue comes from oil and gas exports — and its 2015 budget was calculated against $ 85 oil.

(e) the conditions under which the export from Alberta of natural gas, crude oil or refined fuels by the licensee may be diverted, reduced or interrupted;

Imports from the U.S. rose 3.1 per cent in March due in large part to higher imports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of crude oil.