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Petroleum in sentence

135 examples of Petroleum in a sentence

Moreover, the government’s anti-corruption campaign is targeting some of the most powerful industry groups, such as the petroleum faction, thereby weakening their resistance to reform.
As the director of the State Council’s Development Research Center, Li Wei, pointed out in February, at the current rate, China will be consuming 800 million tons of oil annually, and importing 75% of its petroleum, by 2030.
Libya withstood the sanctions in part by importing food and oil infrastructure supplies via Egypt, and by exporting petroleum and steel with Mubarak’s help.
The country’s poor immediately hit the streets, already angry because their corrupt and incompetent government has been unable to repair state-owned refineries, thereby forcing Africa’s largest oil producer to import petroleum products.
As a result, it remains predominantly an exporter of petroleum products and an importer of manufactured goods.
The US tried to control Japanese expansion in Asia by limiting Japan’s energy (especially petroleum) imports.
Elsewhere, however, the effects were catastrophic – nowhere more so than in the Soviet Union, whose economy was heavily dependent on petroleum exports.
The good news for US energy security is that in 2011, the country became a new net exporter of petroleum products.
The first type are those caused by major shocks, say an outbreak of war or a sudden, sharp increase in the price of petroleum.
It has pursued a campaign to recover its former position not just in crude, but also in petroleum products, natural gas liquids, and petrochemicals.
Saudi Arabia is now pursuing a major shift in its foreign, economic, and energy policies, exemplified by the impending privatization of a portion of Aramco, its national petroleum company, which is set to expand its refining capacity.
A shift from competition in crude to competition in petroleum products would have a profound effect on global oil markets and related industries, like shipping.
Living the Saudi DreamIRVING, TEXAS – Saudi Arabia wants it all: to salvage OPEC, achieve income diversification and industrialization, and preserve its market share in crude oil, petroleum products, petrochemicals, and natural gas liquids (NGLs).
Since the US does not allow exports of crude oil, the shale revolution pushed down the US benchmark price, the West Texas Intermediate, relative to international crude prices, sometimes with differentials as wide as $20.US refiners took advantage of lower prices to increase their exports of petroleum products – so much so, that they are now threatening the market share of Saudi refineries in Asia and elsewhere.
Likewise, US companies have increased NGL production considerably, enabling the country to slash its liquefied petroleum gas (LPG) imports and expand its NGL exports significantly.
Moreover, Russia has pressed these countries to rely on Russian pipelines to export their commodities, giving the Kremlin a veto over their petroleum exports.
Greece will be dependent upon foreign aid for essential imports such as petroleum and food.
Current reliance on coal, natural gas, and petroleum, without regard for CO2 emissions, is now simply too dangerous, because it is leading to climate changes that will spread diseases, destroy crops, produce more droughts and floods, and perhaps dramatically raise sea levels, thereby inundating coastal regions.
Electricity, water, petroleum products and many other consumer basics are seeing double-digit increases, partly as a result of a decrease in government subsidies.
Some governments began to store oil in strategic petroleum reserves that could be used to for short periods in a crisis.
President Nicolas Sarkozy should be applauded for supporting a new initiative promoting strict transparency standards for petroleum, gas, and mining companies listed on European stock exchanges.
A mesh of interlocking share-holdings in the finance and banking sector, upstream petroleum refining, and the booming telecoms industry draws business barons, retired generals, and powerful traditional rulers into a rancorous but surprisingly stable family.
The best option is to build a carbon charge into existing fuel taxes and apply similar charges to coal, natural gas, and other petroleum products.
Petroleum independent until 1993, China now consumes more and more imported petroleum every year, and power consumption is predicted to double by 2025, requiring an average of one new coal-fired plant to come on line each week.
In the longer run, OPEC will shift to pricing petroleum in a basket of currencies.
In the industrial world – even in the United States, an increasingly important producer of petroleum – low oil prices are unambiguously good for the economy in the short term.
The Industrial Revolution turned steel and coal into strategic goods, and struggles over oil dominated much of the twentieth century, including during World War I, when the loss of Romanian petroleum contributed to the German collapse on the Western Front in 1918.
In addition, measures should target the Sudanese government where it hurts most: revenue and foreign investment inflows into Sudan’s petroleum sector, and supply of goods and services to that and associated sectors.
The EU and its member states’ governments must enact legislation to ban companies based in their countries from direct involvement in Sudan's petroleum sector and in industries related to it.
In October, the former oil minister and the chief of the national petroleum company were arrested.
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