Sentences with phrase «oil the country imports»

Alternative feedstocks are needed to boost ethanol production, Saha said, and the 1.3 billion tons of biomass available in the U.S. would be sufficient to produce the total amount of oil the country imports each year.

Not exact matches

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.

For oil - importing countries we expect growth this year to be 4.7 percent, coming up from 4.2 percent last year.

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.»

Persistent headwinds from deleveraging and lingering uncertainty will influence the extent to which some oil - importing countries benefit from lower 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.

Oil - importing countries include Egypt, Pakistan, Morocco and Tunisia, while oil exporters include the Gulf Cooperation Council (Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar) as well as Iran, Algeria and LibOil - importing countries include Egypt, Pakistan, Morocco and Tunisia, while oil exporters include the Gulf Cooperation Council (Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar) as well as Iran, Algeria and Liboil exporters include the Gulf Cooperation Council (Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar) as well as Iran, Algeria and Libya.

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 good news of this recovery this year is that the outlook is positive for both oil - importing countries and oil - exporting countries,» Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told CNBC's Hadley Gamble on Monday.

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.

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.

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

The country needs to find a sustainable path away from deficit spending; it imports most of its manufactured goods and oil.

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

Since the publication of the QTR the Department of Energy is working seriously on reducing oil demand, other entities are working hard to increase domestic supply, the combination of both leaves us with an incredible scenario in which one the US is predicting to import 2 mbd less from OPEC countries by 2035 and 1 mbd more from Canada.

But now the U.S. energy boom is curtailing the country's demand for imported oil, and Pemex is being forced to look farther afield.

Economists had expected a deficit of $ 2 billion for 2018's second month, and are blaming the large deficit on an increase in energy imports which hit their highest level since November 2014 (the country saw imports in crude oil and refined petroleum products grow 15.4 % and 24.1 % respectively).

Most developing countries borrowed heavily in the seventies in order to pay for more costly oil imports and because loans were so available and so cheap.

We have: • normalized the domestic yield curve • issued the country's maiden 15 - year bond in April 2017 • improved external balances, driven by higher export earnings and lower imports • improved gross international reserves to US$ 7.2 billion, equivalent to 4.1 months of imports cover • improved primarybalanceto0.3 percent surplus in September 2017 against a deficit of 1.6 percent in September 2016 • received positive sovereign rating reviews from international ratings Agencies: Fitch, B / stable; Standard & Poor, B - / positive • successfully completed the 4th IMF / ECF program review, and • achieved positive developments in the oil & gas sector — favorable ITLOS ruling, and Sankofa producing 1st oil three months ahead of schedule.

Except against countries from which we import oil or certain rare earths we can impose trade sanctions with impunity at the national scale.

As part of the recommendations in the report by the Senate Committee on Works on the National Roads Fund Establishment Bill 2017, a levy of N5 will be imposed on every litre of Premium Motor Spirit (petrol) and Automobile General Oil (diesel) imported or refined in the country.

One could frame the debate in the advantages of using less fossil fuel, which range from lower costs to people (an all electric car has operating costs about 1/4 that of a gasoline vehicle), to balance of payments (less capital flowing out of the country, especially relevant to countries who import most of their oil), to terrorism (not funding it, and western influence leaving the ME, which is the basis of most ME terrorist organizations) to conflict in general (most of the major conflicts in the last 30 years have involved ME oil), to finite supply (when we run out, we'll be facing a global economic meltdown).

The governor said: «It is shameful that Nigeria produces crude oil but imports refined petroleum products from other countries that have no crude oil deposits, instead of our refineries to be functional.

«It may soon come to a situation whereby Nigeria will be importing refined oil from small countries like Chad and Niger, if urgent steps are not taken by the government to address the prevailing problems facing the oil sector.»

Following the global report indicating that Ghana's market has been flooded with toxic diesel, it has been reported that data from the National Petroleum Authority (NPA) has revealed that Bulk Oil Storage and Transport Company Limited (BOST), the state owned strategic reserve holder, accounts for a significant 25 % of the total quantity of diesel imported into the country for the first six months of 2016.

As a major oil producer, involving the private sector — and I am aware that Dangote is building some refineries and tank storage capacities — it should be possible to process Nigerian oil locally into finished petroleum products and export them to West Africa and the rest of Africa without us having to import petroleum products from outside.Speaking as a former leader of an African country, I can tell you that our quest to build our countries into industralised economies that can begin refining our own raw materials and manufacturing what we need, is not a development paradigm that the rich nations are enthused about.

Following the global report indicating that Ghana's market has been flooded with toxic diesel, it has been reported that data from the National Petroleum Authority (NPA) has revealed that Bulk Oil Storage and Transport Company Limited (BOST), the state owned strategic reserve holder, accounts for a significant 25 % of the total quantity of diesel imported into the country for the first...

We now import roughly $ 1 billion worth of oil every single day, a huge wealth transfer out of the country into, often, the bank accounts of our adversaries.

China has set an ambitious target of putting 5 million electric or plug - in hybrid vehicles on the country's roads by 2020, part of Beijing's efforts to fight pollution and reduce reliance on oil imports.

During South Africa's apartheid period, for example, the country could not import oil, so it gasified locally abundant coal to make gasoline.

The United States has become deeply reliant on extreme extraction from Canada's tar sands, which this year are expected to become this country's top source of imported crude, surpassing our purchases from the vast oil fields of Saudi Arabia.

The U.S. Export - Import Bank (USEXIM) is the third - largest supporter of fossil fuels among all G20 countries, according to a new report out today from Oil Change International, Friends of the Earth U.S., and WWF's European Policy Office.

Ahmed decided to create Moroccan Elixir and import Argan Oil from the Marjana Co-Operative to help people in his country of origin and also introduce Americans to the healing and beauty elixirs that are part of Moroccan culture.

Following the direction set by President Obama on May 21, 2010, NHTSA and EPA have issued joint Final Rules for Corporate Average Fuel Economy and Greenhouse Gas emissions regulations for model years 2017 and beyond, that will help address our country's dependence on imported oil, save consumers money at the pump, and reduce emissions of greenhouse gases that contribute to global climate change.

There are diesel models offered in Europe but after accounting for less one in 20 sales in this country, Audi Australia made the decision not to import any oil - burning A5 Cabs here.

Similarly, while some fuel - importing nations may see an overall benefit in terms of their trade deficits, there are plenty of oil producing countries who will lose out as demand falls and oil prices remain depressed.

Even though United States oil imports from Nigeria have been dropping, the country still vies with Iraq for fifth place on the Energy Department's top - ten list of importers.

Norway, the world's top farmed salmon producer, now imports more fish oil than any other country.

This country did not agree on how to value or price its concerns about oil imports (others taxed oil), whether or not one should move away from oil (others taxed all fuels), and more recently about CO2 (the brave Nordic countries have CO2 taxes).

Oil product country invest over serval times money more to solar energy, but oil import country invest fewer serval times money to solar enerOil product country invest over serval times money more to solar energy, but oil import country invest fewer serval times money to solar eneroil import country invest fewer serval times money to solar energy.

But the new energy options could pay off in the long run by greatly reducing the country's reliance on imported oil, the report concluded.

-- Seeking the creation of an organization of oil - importing countries (an OPIC, not an OPEC) to collaborate on reducing global dependence on oil.

Then the question is can we have the safe, reliable import of natural gas, because our own reserve is very limited for the moment and the U.S. becomes larger and larger, and maybe the largest oil and gas production country.

Instead, the United States will be forced to pay billions more for imported oil, often from unethical, environmentally reckless countries.

This is particularly critical for oil importing countries that will be cut off from oil exports at about twice the rate of the global decline in available transport fuels.

``... we've cut our imports of foreign oil by nearly 60 percent, and cut carbon pollution more than any other country on Earth.

The myopic focus on anthropogenic climate change is diverting attention and resources from our critical challenge of developing and transitioning to alternative transport fuels fast enough to prevent massive economic harm especially to oil importing countries.

Thus, opponents contend, Canadian oil coming through the pipeline would displace little if any oil imported from unstable, undemocratic, or unfriendly countries like Nigeria, Saudi Arabia, or Venezuela.

Washington, D.C. — The U.S. Export - Import Bank (USEXIM) is the third largest supporter of fossil fuels among all G20 countries, according to a new report from Friends of the Earth U.S. and Oil Change International.