Sentences with phrase «oil fuels transportation»
More than half of the world's oil fuels transportation like cars, trucks, and planes.
https://www.cnbc.com/ Not exact matches
So policy makers focus on «core inflation,» which ignores changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect taxes.
The drivers behind OPEC's forecast include steadily rising economic activity around the world, strong demand for transportation fuels like gasoline and jet fuel and a growing petrochemical industry, which turns byproducts from oil and natural gas into chemicals.
«Oil is used primarily for transportation, and alternatives for transportation fuel needs to be found,» according to one CEO.
«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.»
«There isn't really yet a large scale substitute for crude oil as a source of transportation fuel,» said Foley.
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.
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.
Refiners don't particularly want tar sands oil, which is tougher to make into usable transportation fuel, so it sells for about $ 20 to $ 30 less per barrel than crude from Texas or the Dakotas.
Of course, energy companies and countries that depend on oil exports will suffer, but users of transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatly.
Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»
OccupyGhana ® has been observing with keen interest, the matters and issues arising from the sale of some fuels by the Bulk Oil Storage & Transportation Company Ltd. (BOST), a company owned by the Republic of Ghana.
Pressure GroupOccupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as «deficient.»
He added that they suspect some industry insiders at the Bulk Oil Storage and Transportation Company (BOST) deliberately caused the contamination of the 5 million litres of fuel.
Ghana allegedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.
Kwesi Pratt Jnr, Managing Editor of the Insight believes the Chief Executive Officer of Bulk Oil Storage and Transportation (BOST) Company Limited, Alfred Obeng, must step down for investigations to be conducted into the alleged sale of contaminated fuel to consumers.
The minority in Parliament has noted with grave concern the sale of contaminated fuel product to the tune of five million litres to a company known as Movenpiina by the MD of the Bulk Oil Storage and Transportation Limited under very dubious and bizarre circumstances in another clear example of escalating corruption in the Akufo - Addo / Bawumia Government.
Controversial musician Kwame Asare Obeng popularly known as A Plus has revealed that the Bulk Oil Storage and Transportation (BOST) has terminated his contract to supply fuel to parts of the country.
Responding to claims of allegations against the Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng on Asempa FM, he revealed that some elements within the party are fueling his sack because he has refused to allow them have their selfish way.
It emerged last month that the Bulk Oil Storage and Transportation company (BOST) signed a deal to sell about 5 million litres of contaminated fuel to Movenpiina Energy and Zup Oil at a discounted price that could result in Ghana losing about GHs7 million in revenue.
Some powerful state actors are involved in the recent $ 5 million litres contaminated fuel which was reportedly offloaded by the market at the Bulk Oil Storage and Transportation Company (BOST).
This comes at a time when the Bulk Oil Storage and Transportation Company Limited (BOST), is being accused of wrongfully selling about 5 million litres of contaminated fuel to some unlicensed companies under suspicious circumstances.
The fearlessly outspoken lawmaker and philanthropist had early last year dared his party that he would spill the beans on how the New Patriotic Party (NPP) won the 2016 elections, if they touched his (Ken Agyapong's) good friend and Party Financier Mr Alfred Obeng, Managing Director of the Bulk Oil Storage and Transportation Company (BOST) who had come under fire for allegedly selling contaminated fuel under dubious circumstances to unlicensed companies.
The Managing Director of the Bulk Oil Storage and Transportation Limited (BOST), Alfred Obeng Boateng, has been cleared of any wrongdoing in the release of off - spec fuel onto the market.
A Minority MP and a member of the Energy Committee in Parliament, Edward Bawa, believes the Energy Ministry's attempt to unravel the controversies surrounding the contaminated fuel sale at the Bulk Oil Storage and Transportation Company (BOST), will be held back by staff who have kicked against calls for the interdiction of their Managing Director, Alfred Obeng.
The Junior and the Senior Staff unions of the Bulk Oil Storage and Transportation Company Limited (BOST), have called on the government to move against what they describe as a cartel within the company sabotaging fuel prices.
The Senior Staff of the Bulk Oil Storage and Transportation Company (BOST) are predicting a shortage in fuel following what they say is the continuous interference by a cartel in the company's activities.
Mr. Agyapong alleged on Oman FM that Mr Hosi attempted to bribe the Managing Director of the Bulk Oil Storage and Transportation Company (BOST) with $ 1million to enable him buy the contentious 5 million litres of contaminated fuel sold to an unregistered oil firm, Movenpiina and Zup OOil Storage and Transportation Company (BOST) with $ 1million to enable him buy the contentious 5 million litres of contaminated fuel sold to an unregistered oil firm, Movenpiina and Zup Ooil firm, Movenpiina and Zup OilOil.
The Majority in Parliament has called for a full - scale forensic audit into the activities of the Bulk Oil Storage and Transportation Company (BOST), beginning from 2009, as they referred to the minority's stance on the contaminated fuel sale saga as hypocritical.
President Nana Akufo - Addo's daughter, Edwina, has denied involvement of any kind in the contaminated fuel saga involving the Bulk Oil Storage and Transportation Company Limited (BOST) and private firms Movenpinaa and Zup Oil.
The Minority has accused the Bureau of National Investigation (BNI) of an intent to cover up the alleged rot at the Bulk Oil Storage and Transportation Company Limited (BOST) in the sale of some 5 million litres of contaminated fuel.
The National Democratic Congress (NDC) Member of Parliament for the Bongo constituency, Edward Bawa has said the President, Nana Addo Dankwa Akufo - Addo was not given proper briefing on the contaminated fuel scandal that hit the Bulk Oil Storage and Transportation Company Limited (BOST).
Employees of the Bulk Oil Storage and Transportation (BOST) have shown bad faith by resisting calls for the CEO's interdiction over the contaminated fuel saga, Executive Director of the Chamber of Petroleum Consumers, Duncan Amoah has said.
Pressure Group Occupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as «deficient.»
The Minority in Parliament has called for the immediate interdiction of the Managing Director of the Bulk Oil Storage and Transportation (BOST) Company, Alfred Obeng Boateng, over the sale of 5 million litres of contaminated fuel.
The National Petroleum Authority, (NPA), has confirmed that the two companies alleged to have purchased the over 5 million litres of contaminated fuel under suspicious circumstances from the Bulk Oil Storage and Transportation (BOST) Company, were not licensed to engage in that questionable transaction.
Edwina Akufo - Addo, the daughter of President Nana Addo Dankwah Akufo - Addo has denied any involvement in the contaminated fuel saga raging at the Bulk Oil Storage and Transportation Company Limited (BOST).
The Member of Parliament for Bongo, Edward Bawa has suggested that the Energy Minister Boakye Agyarko's decision to exonerate the CEO of the Bulk Oil Storage and Transportation Company Limited (BOST) of any wrongdoing in the contaminated fuel saga was made «under duress».
Some powerful state actors are involved in the recent $ 5 million litres contaminated fuel are working vigorously to cover the rot at the Bulk Oil Storage and Transportation Company (BOST).
The Bulk Oil Storage and Transportation Company Limited (BOST) has been heavily criticized for selling 5 million litres of contaminated fuel to two unlicensed companies, Movepiina and Zup Oil, which were allegedly set up few days before the sale making Ghana lose about GHc 7 million in revenue.
Citi News has laid hands on a document naming at least Thirty Eight (38) companies without a National Petroleum Authority (NPA), license, yet the Bulk Oil Storage and Transportation (BOST), sold Twenty Million, Five Hundred and Ninety Thousand (20, 590,000) litres of contaminated fuel to them in 2015 and 2016 respectively.
The Africa Centre for Energy Policy (ACEP), has called on the Chief Executive Officer of the Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng, to step aside for a full - scale investigation into the alleged sale of contaminated fuel.
The country is said to have lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.
In June 2017, it emerged that the Bulk Oil Storage and Transportation Company Limited (BOST) sold about 5 million liters of contaminated fuel to some unlicensed companies; Movepiina and Zup Oil, causing the state to lose GH cents 7 million
If oil - intensive algae were cultivated on a broad scale — the kind of scale now used for other commercial crops — they could eventually replace the 70 percent of the U.S. oil supply used for transportation in the form of jet fuel, gasoline, and diesel, according to Weeks.
The same is true for other forms of transportation fuel, whether corn ethanol for cars or algal oil to power ships.
The conversion of the pyrolysis oil to a renewable transportation fuel is made through a process called gasification.
In an email, co-author Lucky noted that although oil may be losing some share of the world's total primary energy consumption, it is still expected to be the dominant fuel for transportation globally and will continue to grow in absolute numbers going forward.
Despite these factors, oil stands to remain the world's primary transportation fuel for decades, ensuring its strategic value and U.S. interest in protecting the trade.
We encourage you to investigate and include significant direct and indirect emissions from all fuels, including conventional petroleum, heavy oils, natural gas for transportation, oil sand - based fuels, and the range of fuels used to power electrified transportation, consistent with the best available science.