Sentences with phrase «on oil exports»

For a country with the largest oil reserves in the world, and whose economy is now almost completely dependent on oil exports to obtain money, that is not a good thing.

The Canadian economy is heavily dependent on oil exports and the falling price of oil resulted in a big move away from the Canadian dollar.

Congress is considering lifting a ban on oil exports in place since the OPEC oil embargo of the 1970s.

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.

Today rumors picked up speed that parties to the spending bill negotiations have reached some sort of deal, pursuant to which a relaxation of restrictions on oil exports would be traded for an extension of the wind energy industry's primary subsidy, known as the production tax credit («PTC»).

«The sharp decline in oil prices represents a formidable shock on the oil exporting countries of sub-Saharan Africa, especially in view of their strong reliance on oil receipts for fiscal and external revenues,» an IMF spokeswoman said in a statement.

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.

While the loss of the city has no immediate effect on oil exports, now at over three million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

The Canadian Chamber of Commerce has a new report out claiming that, due to pipeline bottlenecks at the U.S. border and south of Cushing, OK, we are losing $ 50 million per day on our oil exports to the U.S. Does this number make sense?

Trump will then fly to Beijing where, according to senior administration officials, he will try to convince a reluctant President Xi Jinping to squeeze North Korea further with steps such as limits on oil exports, coal imports and financial transactions.

The United States has until May 12 to decide whether it will leave the Iran nuclear deal and instead impose new sanctions against Tehran, including potentially on its oil exports, which would further tighten global supplies.

Saskatchewan Premier Scott Moe said Tuesday his province will support Alberta in the fight over the Trans Mountain pipeline expansion by introducing its own legislation on oil exports.

Talk is growing of a nuclear deal that could see a lifting of sanctions against Iran, a move that could turn the tap on its oil exports — something that would have significant ramifications for the volatile commodity, analysts say.

The event, part of the kingdom's drive to free itself of reliance on oil exports in an era of cheap oil, attracted senior executives of global banks such as Citigroup, Goldman Sachs, Bank of China and Mizuho.

Like Shell Petroleum and ExxonMobil, Eni, parent company of Nigerian Agip Oil Company (NAOC), on Tuesday said it had declared force majeure on oil exports from the Brass Oil Export Terminal off Bayelsa shoreline.

While many Democrats and renewable energy adovcates oppose lifting the ban on oil exports imposed in 1975, Greentech Media reports they saw it as an opportunity to secure extensions for crucial tax incentives for wind and solar.

Though Nigeria has technically come out of a recession, the macroeconomic environment in Nigeria still continues to remain challenging with no certainty as to how long oil prices will remain above $ 50.00 per barrel, continued reliance of the country on the oil export sector for foreign currency earnings and the early hints of political (election) discourse within the polity.

Utterly dependent on oil exports for revenues, the resources available to Maduro are vanishing.

«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.

For evidence that US Congress members are more responsive to the interests of Big Oil than to the citizens who elect them, one need look no further than Congress's recent decision to lift the 40 - year ban on oil exports, despite the fact that 69 percent of Americans across both parties support the ban.

Remember that Russia is one of the major oil - exporting countries, and significantly dependent on oil exports for its budget.

While aggressively lobbying for an end to the ban on oil exports, fossil fuel companies hedged their bets by contributing millions of dollars to Super PACs dedicated to a Republican majority in the Senate.

Though the so - called oil shale revolution has produced so much U.S. crude that Obama ended the country's forty - plus year ban on oil exports, Trump wants more.

Stephen P.A. Brown and Charles F. Mason explain how, despite fears to the contrary, lifting the US ban on oil exports would bring down prices at the pump.