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Barrels in sentence

186 examples of Barrels in a sentence

Nigeria presently produces two million barrels per day.
Nigeria, grappling with a worsening economic crisis, wants to double daily production to four million barrels, to reflect new discoveries that the Nigerian National Petroleum Corporation (NNPC) claimed in December 2003 had increased reserves to 34 billion barrels.
Oil is not leaking at the rate of 1,000 barrels per day, as BP originally estimated, nor up to 19,000 bpd, as calculated by the Flow Rate Technical Group.
Over a trillion barrels of reserves have been proven, and more are likely to be found.
The US uses about 21 million barrels of oil a day, and imports about 2.5 million of it from the Persian Gulf.
The six biggest Middle Eastern oil-producing countries officially hold around 740 billion barrels (Gbs) of proven oil reserves.
Indeed, Iraq is reportedly pumping 1-2 million barrels of oil a day rather than the 2-3 million barrels that the country could quickly achieve in peaceful circumstances.
Each reduction of one million barrels per day translates into lost revenues of around $30 million per day at today's world market price of $30 per barrel.
This implies that if Iraq increased its oil exports by one million barrels a day--which it could quickly achieve with a cessation of attacks on its infrastructure--it would have around $10 billion per year in additional revenues to begin reconstruction.
Iraq's oil production could probably rise to around five million barrels per day within three years.
That would represent an extra 3-4 million barrels per day on top of today's production, or roughly $30-40 billion per year--enough not only to restore basic services, but to achieve big improvements in living standards and economic growth in the medium term.
Of course, during this period Venezuela produced as much corruption and political irresponsibility as it did barrels of oil.
America’s ability to use oil sanctions to force Iran to negotiate an end to its nuclear-weapons program depended not only on Saudi willingness to make up Iran’s exports of a million barrels per day, but also on the general expectations that the shale revolution created.
Before the revolution, Libya produced nearly 1.6 million barrels of oil per day, accounting for 96% of the country’s export earnings.
Roughly 80% of Sudan’s oil production of 490,000 barrels per day is concentrated in South Sudan.
In 2010, China imported almost half of this output, roughly 250,000 barrels per day, which accounts for about 5% of China’s oil imports.
The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change (roughly two million barrels a day) in the supply-demand balance.
That reflects Saudi Arabia’s output increase of more than a million barrels a day, as well as mandated efficiency measures in the European Union, partly motivated by efforts to cut carbon dioxide emissions, which have contributed to a comparable drop in demand – by about 1.5% a year.
Assume that one ton of steel and ten barrels of oil are needed to produce one car.
Over a trillion barrels of proven reserves exist, and more is likely to be found.
Nonetheless, dependency on oil will grow at an annual rate of 1.5%, from 20 million barrels per day in 2003 to 27.9 million in 2025.
In 1970, the country’s crude-oil production stood at 3.4 million barrels per day.
Since1974, when Libya took strategic control of its oil industry from Western companies, daily output has never topped two million barrels.
Before the invasion, Iraq's oil production capacity reached three million barrels per day.
According to OPEC, oil production has declined by 16% since May, down more than 350,000 barrels a day.
Had BP spilled hundreds of billions of barrels of bitumen across hundreds of square kilometers, environmentalists would rightly demand that no expense be spared to rid the dirt of every trace of oil.
Imported technologies are cheap if you convert their prices into barrels of oil, so the country produces a shortage of its own geologists and chemists, not to mention economists and lawyers.
As Canadian Prime Minister Justin Trudeau conceded at a March 2017 energy conference in Houston, Texas, “no country would find 173 billion barrels of oil in the ground and just leave them there.”
China is not only the world’s largest consumer of coal, but also is second only to the US in oil imports – more than five million barrels of oil per dayin 2011, from Saudi Arabia, Angola, Iran, Russia, and other producers.
This was a place where fingernails of countless victims were ripped out, where others were strung upside down and dunked in barrels of water, where many were brutalized with metal prongs and batons.
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