Sentences with phrase «oil importer»

The phrase "oil importer" refers to a country or entity that buys or brings in oil from other countries to fulfill its energy needs because it doesn't produce enough oil on its own. Full definition
And as the largest oil importer in the world, there is a great deal of logic in having oil contracts trade in yuan.
As of October of this year, the U.S. will cease to be the world's largest net oil importer, a title it's held, somewhat reluctantly, since the 1970s, the U.S. Energy Information Administration predicts.
China is now the biggest crude oil importer in the world, and the pace of its oil demand growth is capable of influencing the oil market and the trade in the two most traded crude futures in the world, Brent and WTI.
Non-oil growth is gaining traction in oil exporters, while a fragile recovery continues in oil importers across the region, according to the IMF's latest Regional Economic Outlook.
Meanwhile, a number of EM governments are implementing reforms that could help spur growth, and lower and stable oil prices may benefit oil importers in the emerging world.
As owner of the five - year - old, Lancaster, Pennsylvnia - based Katerina's Finest, an olive oil importer and distributor, Zeppos says signing up with a barter network, comprised of local small business owners and companies that offer personal services, has been a godsend, particularly for financially - strapped startups like hers.
Losing energy self - sufficiency and becoming a net oil importer in1993, the Taiwan Strait crisis and South China Sea disputes with the Philippines in 1995 - 6, all heightened Chinese insecurity about relying on US - controlled oil sources and supply routes.
Erstwhile Minister of Finance, Ngozi Okonjo - Iweala has revealed how oil importers and marketers wanted confine her to a wheelchair.
Ghana's domestic oil importers said on Friday they may take legal action against the government to recover interest on an outstanding debt of $ 384 million that presents an early headache for the incoming government.
It is also the third - ranking oil importer.
Korea is the sixth - largest oil consumer in the world, and the third largest oil importer.
Clouding the specifics on Wednesday was the small matter of Indonesia suspending its membership in OPEC, due to its status as a net oil importer.
In short, Canada is perfectly positioned to serve the interests of both the world's number one and the number two oil importer — even if they trade places.
China has become the world's largest oil importer, and despite establishing the largely successful yuan - denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as Continue Reading
Given India's role as a net oil importer, higher oil prices will lead to higher inflation and will negatively impact the fiscal and current account...
China's economy, the world's largest oil importer, is faltering as its industrial revolution peaks and fades.
The Russians are now the world's largest oil producer and the Chinese are now the world's largest oil importer and they've made an arrangement to price oil in Chinese Yuan eliminating the dollar altogether.
To put this in context, the U.S. remains the world's largest oil consumer by far, but in 2013 China passed it as the world's largest oil importer.
In 2013, China became the world's largest oil importer.
In the area of climate change, for example, after 1993 China moved from being an oil exporter to an oil importer.
The evident irony is that if subsidy stays, the happiest people will be the bureaucrats administering the subsidy and their oil importer cronies!!!
China was the world's second - largest consumer of oil and liquids in 2011, as well as second - largest oil importer (trailing the United States in both categories).
Concerns about the insecurity of oil supply are not new — they were expressed as long ago as 1952 by the Paley Commission, when the United States was just turning from an oil exporter to an oil importer.
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