Sentences with phrase «reliance on crude»

Though the IMF report from December 2017 said the country has exited its recession, tepid GDP growth forecasts and reliance on crude oil exports make calls on January 25, 2018, from CBN Governor Edwin Emefiele to regulate cryptocurrencies seem tenuous.

Though the IMF report from December 2017 said the country has exited its recession, tepid GDP growth forecasts and reliance on crude oil exports make

But environmental groups have mounted a major campaign to derail the project, arguing that approval of a pipeline from Canada's «tar sands» will increase global emissions of greenhouse gases, threaten local water sources and frustrate U.S. efforts to reduce its reliance on crude oil.

According to President Buhari, «My administration's economic agenda has always been to move away from over reliance on crude oil and food importation.

Given the cartel's reliance on crude exports, that could be a tough sell.

Not exact matches

Oil supply concerns are greater for Europe, where crude prices have jumped even higher due to the region's larger energy reliance on MENA.

Demand for the U.S. dollar has remained high despite this because of the world's reliance on it to fund crude oil purchases.

But a majority of Americans, Republican lawmakers and construction union members welcomed the prospect of boosting reliance on a firm U.S. ally for new supplies of the heavy crude, which would be shipped by a pipeline built largely in this country and processed at Gulf Coast refineries uniquely capable of dealing with the low - grade oil.

Even so, China's biggest oil supplier, Saudi Arabia, only provided 16 percent of its crude in 2014, less than half the U.S.'s reliance on Canada.

Canada had an almost complete reliance on the US market for its crude exports.

In the light of the crash in global crude oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on oil and gas infrastructure in the oil - rich Niger Delta which has resulted in lock - in or leakages of crude oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on oil, becomes more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.

The report continued: «Although the committee recognises that opportunities exist for efficiency gain as the tariff is reduced, it is concerned that excessive reliance on this instrument will result in both quality reduction and crude cost shunting.»

Freshman Republican Congresswoman Elise Stefanik shares Senator Schumer's concern about oil trains, including his mantra to build stronger cars, but she believes in other ways to reduce the reliance on oil trains to move Bakken crude.

However, continued reliance on conventional technologies leaves the United States vulnerable to crude oil supply disruptions, with economic, energy security, and national security consequences.