Sentences with phrase «producer of crude oil»

Before BASF, Haas worked at Wintershall, Germany's largest internationally active producer of crude oil and natural gas, for two years.

Safe, responsible energy development has made the United States the world's No. 1 natural gas producer, and the U.S. could become the world's top producer of crude oil related liquids before the year is out, the International Energy Agency reports (h / t Financial Times.com).

Technological breakthroughs in shale gas and tight oil production are poised to make the United States — not Saudi Arabia — the world's largest producer of crude oil as early as the end of the decade, according to the latest World Energy Outlook published by the International Energy Agency (IEA).

Today, the United States is first in natural gas production, petroleum refining and soon to be the No. 1 producer of crude oil as early as this year, with some projecting we are already there.

Meanwhile back in the present, the FT reports that the US is overtaking Saudi Arabia to become the largest producer of liquid petroleum, and might even be the largest producer of crude oil by the end of the decade.

The term is also used more generally to describe a host of unconventional extraction techniques, such as horizontal drilling, which have helped make the United States the top producer of crude oil in the world.

The top producer of crude oil in Africa will become the 21st member of Barclay's government bond index at the start of 2013.

Based on the stats provided by Natural Resources Canada, the country is the fifth - largest producer of crude oil in the world after the United States, Saudi Arabia, Russia and China.

The major producers of crude oil had an abundance of dollars, which was recycled back into the system to purchase dollar - denominated assets.

Not exact matches

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

In Russia, Rosneft, one of the world's biggest oil producers, said its crude production had not been affected by the outage.

However, the current deal between allied major oil producers could soon be at risk amid heightened tensions over an escalating proxy war between two of OPEC's top three crude producers, Shah said.

Sinclair attributes the higher prices to a combination of factors including «the effects of the production cutbacks by OPEC and non-OPEC foreign producers finally kicked in, not to mention speculative money going into crude oil futures.»

Because energy producers cut back on drilling and production when oil is cheap (and less profitable for them), investors were concerned that they would also stop ordering as many of MRC's pipes, which are used to pump and transport crude.

Chevron Corp, the second - largest U.S. - based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most - drastic reactions to date to the plunge in crude prices CLc1.

However, that configuration is ill - suited to an era when the fastest - growing crude oil supply is coming from the middle of the bowl, from U.S. oil producers using new extraction techniques and the Canadian oilsands.

The bottlenecks are frustrating for Canadian oil producers because heavy crude is in great demand from U.S. Gulf of Mexico refineries, which are designed to process it, and have faced shortages of Venezuelan and Mexican heavy crude.

All of this follows news that the U.S. is now the world's number two crude oil producer.

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

Syria is not a significant oil producer, but any sign of conflict in the region triggers concern about crude flows across the wider Middle East.

As its name suggests, the oil and gas producer focuses entirely on prospects within the state of California, and the crude oil price declines in 2015 created massive losses for the small exploration and production company.

For the longest time, OPEC and Russia have been pulling out all the stops to limit the production of crude oil in the East, while shale producers in the West have only been taking advantage of these efforts to ramp up their own output.

Crude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer suCrude oil prices fell more than 2 % on Friday after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer sucrude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

Although not an OPEC member, Russia, once the world's largest producer of crude, is being squeezed by plunging oil prices on the left, international sanctions on the right.

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading

Using daily spot prices for platinum group metals, gold and crude oil, daily levels of a broad U.S. stock market index, monthly U.S. consumer and producer price indexes and monthly U.S. industrial production levels during July 1992 through December 2011, they find that: Keep Reading

In June of 2013, the Canadian Association of Petroleum Producers forecasted a doubling of the country's daily crude oil production to

For Angola, Africa's second - largest oil producer, the fall in the price of crude oil has brought changes to its fundamentals, prompting the government, investors and analysts to review their positions on the economy.

In June of 2013, the Canadian Association of Petroleum Producers forecasted a doubling of the country's daily crude oil production to 6.7 million barrels by 2030.

While it's perfectly true that there isn't enough U.S. shale to flood the world with oil, a lot of what there is is historically cheap to produce so as to give crude from the Middle East a real run for its money; and a solid proportion of that production has been sold forward at attractive levels in the futures market ensuring financial stability for U.S. producers.

Since the March agreement between major oil producers to cut production, oil prices have risen sharply; in October the crude oil price averaged US$ 22.63 per barrel, up from an average of US$ 12.00 in February.

Russian oil producers to make money from China's yuan - backed crude futures — analysts Kozmino, an oil - loading sea port in Primorsky Region, the terminal point of the Eastern Siberia — Pacific...

OPEC, especially its Middle Eastern producers, will be closely watching the futures contract because once established, the Chinese reference crude price could act as a regional benchmark for negotiations of spot or term crude oil prices.

National Bank analysts Travis Wood, Dan Payne and Brian Milne said in the note they were watching to see if more oil was moving out of Alberta and Saskatchewan on railway cars to clear out of the glut of crude in storage in Western Canada, which has weighed on domestic oil prices and producers.

Syria is not a significant oil producer, but any sign of conflict in the region tends to trigger concern about potential disruption to crude flows across the wider Middle East, home to some of the world's biggest producers.

KAMPALA, Uganda (AP)-- Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude.

The strategy is designed to drive out higher - cost producers of heavy oil and shale, whose rapid development is squeezing Middle East crude out of the huge U.S. market and threatens to eat into its share of other lucrative growth markets.

The damage from the oil plunge is already hitting producers of more expensive crude in various outposts from Alberta to the North Sea to the fracking fields of Texas and North Dakota.

Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale frackers curtail output, Kilduff said.

As the present economics of oil — which require a $ 66.70 barrel price to make Saudi crude profitable — continue to work against the world's energy producers, the KSA has turned its focus towards its long - term «Vision 2030» strategy of economic diversification.

Iran will officially notify producer group OPEC in December of its plans to raise its crude oil output by 500,000 barrels per day (bpd), the Iranian oil minister said on Saturday.

Last week, Bill McCaffrey, chief executive of oil sands producer MEG Energy Corp., said his company is considering such exports as it becomes easier to move Canadian crude to Houston through expansions of the pipeline network.

Russia, the world's biggest crude oil producer and its fifth - largest emitter of greenhouse gases, signed the Paris agreement but has delayed formally ratifying it.

Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.

Producers could also shift more drilling to crude oil, selling it for $ 100 a barrel, or gas liquids, a valuable oil - equivalent byproduct of gas used in chemicals and plastics production.

TransAtlantic Petroleum Ltd. is an international energy producer that engages in engaged in the acquisition, exploration, development and production of crude oil and natural gas.

A new deal between OPEC, Russia and other big oil producers to limit output through the end of 2018 should help support current crude prices.

Known for decades for corruption and environmental degradation, the Niger Delta is also a verdant place, an abundant food producer as well as provider of crude oil and natural gas to the entire globe.

Thanks to vast domestic shale reserves and safe hydraulic fracturing, the U.S. is the world's leading producer of oil and natural gas — which by far has had the most to do with reducing U.S. net crude imports.

In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.