Sentences with phrase «oil imports in»

«The top five exporting countries accounted for 59 percent of United States crude oil imports in April while the top ten sources accounted for approximately 80 percent of all U.S. crude oil imports.»

The Canadian oil sands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue.

When that is adjusted for ethanol's lower energy content, it means ethanol will displace only 1.8 % of total U.S. oil imports in 2015.

The administration's plan included federal aid and incentive programs that would have cut U.S. net oil imports in half by 2020.

The EIA reported that U.S. crude oil imports in 2015 were down 27 percent from their high in 2005, when the shale oil revolution was just getting under way.

That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of about C$ 76 billion — and 41 percent of U.S. crude oil imports in 2016.

Not exact matches

This production, combined with steadily increasing imports from Canada led to a glut in the U.S. Midwest, and a disconnection of the U.S. mid-continent oil market from world markets.

Although the oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction, as a stronger dollar encourages non-U.S. investors to sell oil and crude - importing countries to curtail their purchases.

Oil - importing countries were also set to see a continuation in the growth recovery in 2018, the IMF said, aided by «gains from ongoing reforms, improved domestic confidence in some countries, and a steady upswing in external demand.»

Fifty per cent of the oil and gas used in Canada is imported.

«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.

Oil - importing countries in the Middle East and Central Asia region are to beat their oil - exporting counterparts in the growth stakes in coming years, according to the International Monetary Fund (IMF) in its latest regional outloOil - importing countries in the Middle East and Central Asia region are to beat their oil - exporting counterparts in the growth stakes in coming years, according to the International Monetary Fund (IMF) in its latest regional outlooil - exporting counterparts in the growth stakes in coming years, according to the International Monetary Fund (IMF) in its latest regional outlook.

«The falling pound is driving up the price of imports and rising oil prices are being reflected in higher fuel costs,» he added.

U.S. presidents since Richard Nixon have talked about weaning America off imported oil, but Obama is the only one who can claim to have succeeded in any great measure.

«This decision clearly flies in the face of volumes of scientific evidence that shows the Keystone XL pipeline would be safe, enhance environmental standards, and be a more cost - effective alternative to importing oil from overseas,» said Michael Whatley of the Consumer Energy Alliance, which advocates for the energy industry.

Natural gas is poised to further displace oil imports, especially in the commercial transportation sector.

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.

We referenced their numbers when we looked at the changing anatomy of U.S. oil imports, or when showing the decline in coal use over recent years.

Still, though China has managed not to rely on any single country for more than a small percentage of its oil needs, its imports are still quite concentrated in terms of geographical region and in unstable regions at that, namely the Middle East and Africa.

Canada — reliable, stable Canada — is a country Beijing officials would love to see more of in their oil - imports pie chart.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continenIn fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continenin the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continenin Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continenin the mid-continent.

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.

By contrast, economic growth in Canada contracted in the first half of the year and business investment — the most important factor in demand for imports — collapsed along with oil prices.

In a story yesterday, the news agency reported that US oil imports form Africa were greater than those from the Middles East in 2006, for the first time in 21 years, according to government datIn a story yesterday, the news agency reported that US oil imports form Africa were greater than those from the Middles East in 2006, for the first time in 21 years, according to government datin 2006, for the first time in 21 years, according to government datin 21 years, according to government data.

Hypocrisy aside, it is a preferable sort of regulation in that it aims to set a standard for oil imports to meet, rather than blacklisting an entire producing region.

In 2016, the US received 18 % of its oil imports from the Persian Gulf.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflicIn 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflicin situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflicin the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflicin environmental conflict.

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters.

China's Sinopec plans to cut Saudi crude oil imports loading in May by 40 percent, an official from the company's trading arm Unipec said.

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

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.

«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.»

In the past it was used to ship imported oil west into Ontario; in the future, it will likely ship prairie oil east into Quebec refineries hobbled at having to pay the higher Brent price for oiIn the past it was used to ship imported oil west into Ontario; in the future, it will likely ship prairie oil east into Quebec refineries hobbled at having to pay the higher Brent price for oiin the future, it will likely ship prairie oil east into Quebec refineries hobbled at having to pay the higher Brent price for oil.

The port is one of only a few in Shandong, China's main oil importing province, where Very Large Crude Carriers (VLCCs) carrying 2 million barrels of oil per trip can discharge oil to be pumped through pipelines for state and private refineries.

China's Sinopec, Asia's largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.

After all, Canada is oil independent, yet refineries in Quebec and the Atlantic provinces, lacking access to western Canadian oil, import crude from Algeria and the U.K. Subject to no tariffs and few other import restrictions, raw energy is a freely traded commodity that follows the dictates of the market.

Over the same period, American oil consumption steadily grew — to more than 20 million bpd in 2007 — with a larger share every year provided by imports.

The U.N. Security Council has unanimously boosted sanctions on North Korea since 2006 in a bid to choke off funding for Pyongyang's nuclear and ballistic missile programs, banning exports including coal, iron, lead, textiles and seafood, and capping imports of crude oil and refined petroleum products.

«China does have to play the game in technology to an extent because they still import more silicon semiconductors than oil and it will take years until they can be fully self - sufficient on semiconductors.»

The administration has indeed granted 20 waivers, to countries that made significant reductions in Iranian oil imports.

If the marginal barrel is moving by pipeline, the difference between oil in Alberta and oil on the east coast is likely to be comparable to the shipping tolls on Energy East, and so running Canadian oil would not save refiners any money at all relative to running imported crude.

The U.S. Energy Information Administration (EIA) reported last week that China imported more crude oil than the U.S. for the first time in 2017.

Now our oil imports have plummeted, our clean energy industry is booming, and America is a global leader in the fight against climate change.

In this case, the pipeline expansion was further complicated by the fact that a related Enbridge pipeline involved in oil imports from Canada spilled nearly one million gallons of oil in Marshall, Mich., in July 2010 after tape intended to prevent corrosion on the pipeline faileIn this case, the pipeline expansion was further complicated by the fact that a related Enbridge pipeline involved in oil imports from Canada spilled nearly one million gallons of oil in Marshall, Mich., in July 2010 after tape intended to prevent corrosion on the pipeline failein oil imports from Canada spilled nearly one million gallons of oil in Marshall, Mich., in July 2010 after tape intended to prevent corrosion on the pipeline failein Marshall, Mich., in July 2010 after tape intended to prevent corrosion on the pipeline failein July 2010 after tape intended to prevent corrosion on the pipeline failed.

But we know from experience the directional impact of sharp disruptions in the supply of imported oil, and it's not at all what Ross and Navarro say it would be.

Because oil and refined products are traded in dollars, their import costs rise for countries using other currencies, potentially crimping demand.

«Following Russia's recent acceptance of the renminbi as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail, referring to the Chinese currency.

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.

Again, it's this ingenuity that's kept oil prices relatively low, which in turn has helped strengthen GDPs in oil - importing emerging markets and squeeze the revenue of exporters such as Russia, Qatar, Saudi Arabia and others.

It's full of talk about freeing motorists in eastern Canada from their dependence on imported oil from volatile geopolitics locales such as Saudi Arabia, Algeria, Nigeria, and -LSB-...]