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5,957 results on '"Petroleum -- Exports"'

1. Crude oil exports from Turkiye down this year

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Business, international
Abstract

Crude oil exports from Turkiye have maintained their downward trend during the first five months of 2024, established since the start of 2023. In its latest weekly report, shipbroker said [...]

Published
2024

2. ANALYSIS OF NON-OIL EXPORTS--ECONOMIC GROWTH RELATIONSHIP IN NIGERIA: THE ROLE OF INSTITUTIONAL QUALITIES

Author

Adedapo, Odebode

Subjects
Exports -- Economic aspects, Econometric models -- Economic aspects, Petroleum industry -- International economic relations -- Exports -- Growth, Economic growth -- Economic aspects, Petroleum -- Exports, Company growth, Business, Economics, Business, international, Regional focus/area studies
Abstract

One of the primary policy issues over the years in the context of the Nigerian economy has been how to enhance the performance of the non-oil export sector of the economy in order to diversify the country's export base and contribute more to GDP (gross domestic product). Rather than a lack of policy initiatives, the noticeably abysmal performance of Nigerian non-oil exports has been increasingly attributed to poor policy implementation. However, the question of whether such poor implementation is due to the quality of institutional settings, particularly in a developing economy such as Nigeria, has been largely unexplored. To the best of our knowledge, none of the previous studies deemed it necessary to control for the role of institutional quality in the non-oil export-growth nexus from the perspective of the Nigerian economy. To bridge this important gap in the literature, we hypothesize that institutional qualities matter in the relationship between economic growth and non-oil exports. Motivated by a desire to diversify Nigeria's economy away from its reliance on oil exports, this study re-examines the export-led growth hypothesis from the standpoint of non-oil exports while accounting for the role of institutional qualities. We employ the ARDL estimation technique as the best econometric model for the study given its suitability for variables of mixed order of integration in terms of the series' stationarity. More so, the ARDL technique enables us to simultaneously capture both the short-run and long-run dynamics of the nexus. Empirically, we show results that suggest that improved institutional qualities have the potential to boost the positive effects of non-oil exports on economic growth. We also find that the extent to which institutional quality matters for enhancing the effects of non-oil exports on economic growth depends on the institutional quality indicators chosen. On the whole, we expand on the export-led growth hypothesis by considering the role of institutional characteristics and conclude that improving institutional qualities should be prioritized in the path to Nigerian economic diversification. JEL Classifications: Keywords: Non-oil exports; Economic growth; Institutional quality; ARDL, INTRODUCTION It is only commonplace knowledge that before the discovery and development of the oil economy in Nigeria, agriculture was the primary economic activity of approximately 70% of the country's [...]

Published
2023

6. China Buys Nearly All of Iran’s Oil Exports, but Has Options if Israel Attacks

Author

Bradsher, Keith

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports
Abstract

China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted. Iran’s oil infrastructure has been pushed to the center of the escalating https://www.nytimes.com/topic/middle-east, but an [...]

Published
2024

8. Cameroon: Dangote Refinery Exports PMs to Cameroon

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, News, opinion and commentary
Abstract

Byline: Peter Egwuatu In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa's [...]

Published
2024

9. Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts

Subjects
Exports, Petroleum industry -- International economic relations -- Contracts -- Exports, Petroleum -- Exports, Contract agreement, Business, Business, international
Abstract

M2 PRESSWIRE-December 2, 2024-: Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts (C)1994-2024 M2 COMMUNICATIONS RDATE:02122024 CAPE TOWN, [...]

Published
2024

10. South Sudan: South Sudan Delegation in Port Sudan for Oil Export Restart Talks

Subjects
Rapid Support Forces, Exports, Ports -- Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports
Abstract

Port Sudan / Heglig -- A high-level delegation from South Sudan arrived in Port Sudan to discuss the long-anticipated resumption of oil exports following a seven-month suspension. The delegation, who [...]

Published
2024

12. South Sudan, Sudan to resume oil production and export

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, General interest, News, opinion and commentary
Abstract

Tanzania, Sept. 17 -- Juba and Khartoum have agreed to resume oil production and export, signalling cooperation over a key pillar of their economies that had been halted after war [...]

Published
2024

16. Iran oil export to China hit almost 1.5 mn bpd in June

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, News, opinion and commentary
Abstract

The analysts of the London-based Standard Chartered Institute in a report estimated the Iranian oil export to China in June 2024 at about 1.450 million barrels per day (bpd). The [...]

Published
2024

21. Conflict in Sudan disrupts oil exports from South Sudan

Subjects
Exports -- Forecasts and trends, Petroleum industry -- International economic relations -- Forecasts and trends -- Exports, Civil war -- South Sudan -- Sudan -- China, Petroleum -- Exports, Market trend/market analysis, Regional focus/area studies
Abstract

For the first time since Sudan's civil war began in April 2023, Sudan's Ministry of Energy and Petroleum declared a force majeure on South Sudan's oil exports on March 16th, [...]

Published
2024

22. Government allows UAE's Adnoc to export oil from Indian strategic storage

Subjects
Indian Oil Corporation Ltd. -- Exports -- International economic relations, Abu Dhabi National Oil Co. -- Exports -- International economic relations, Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Government business enterprises -- International economic relations -- Exports, Transportation industry
Abstract

Byline: Maritime Gateway The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility [...]

Published
2024

23. Russia has finally admitted Western sanctions are hitting its oil exports

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Consumer news and advice, General interest
Abstract

Russia's oil industry is facing challenges due to intensified Western sanctions. Secondary sanctions are spooking global banks, some of which are turning away from doing business with Russia. Russian banks [...]

Published
2024

24. Crude Posts Moderate Gains on Libyan Export Disruptions

Author

Asplund, Rich

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Oil fields -- Exports, Petroleum -- Exports, Business
Abstract

April WTI crude oil (https://www.barchart.com/futures/quotes/CL*0/overview) on Monday closed up +1.09 (+1.43%), and Apr RBOB gasoline (https://www.barchart.com/futures/quotes/RB*0/overview) closed up +4.79 (+1.91%). Crude oil and gasoline prices on Monday shook off early [...]

Published
2024

25. Crude reality: The shadow fleet helping Russia to evade oil sanctions

Author

Matthews, Owen

Subjects
European Union -- International economic relations, Government regulation, Market trend/market analysis, Tankers -- Usage -- Statistics, Gross domestic product -- Forecasts and trends, Economic growth -- Forecasts and trends, Petroleum -- Exports, Sanctions (International law) -- Laws, regulations and rules, Russia -- International economic relations -- Military policy, United States -- International economic relations, Russian Invasion of Ukraine, 2022- -- Economic aspects
Abstract

Economic sanctions were meant to be the West's secret weapon against Russia, a way of crippling Vladimir Putin's war machine and bringing his invasion of Ukraine to a halt without [...]

Published
2024

26. Campaign for a Safe and Healthy California Releases New Ad Exposing Big Oil's Dirty Game to Export Oil and Keep Supplies Short to Gouge Californians

Subjects
Exports, Gasoline supply -- Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, General interest, News, opinion and commentary
Abstract

SACRAMENTO, Calif: Campaign for a Safe and Healthy California has issued the following news release: Today, the Campaign for a Safe and Healthy California (CSHC) released a new ad unmasking [...]

Published
2024

27. Nigeria: Diversification - Nigeria Rakes in $2.7bn From Non-Oil Exports in First Half of 2024

Subjects
Exports, Petroleum industry -- International economic relations -- Officials and employees -- Exports, Petroleum -- Exports, Executives -- Compensation and benefits, News, opinion and commentary
Abstract

Nonye Ayeni, Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), says Nigeria recorded total receipts of $2.7bn from non-oil exports in the first half of [...]

Published
2024

28. Iran's oil exports are being curbed by the United States

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, General interest, News, opinion and commentary
Abstract

The US government is considering ways to limit Iranian oil exports amid rising Middle East tensions following Tehran's pledge to avenge the death of Hamas leader Ismail Haniyeh. The State [...]

Published
2024

29. SENATOR MARKEY, REP. GRIJALVA URGE BIDEN ADMINISTRATION TO BETTER CONSIDER HEALTH, ENVIRONMENTAL, AND CLIMATE IMPACTS IN DEEPWATER OIL EXPORT PROJECT APPROVALS

Subjects
Exports -- Political aspects, Legislators -- Political aspects -- Political activity, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, News, opinion and commentary
Abstract

WASHINGTON -- The following information was released by Massachusetts Senator Edward J. Markey: Senator Edward J. Markey (D-Mass.), chair of the Senate Environment and Public Works Clean Air, Climate, and [...]

Published
2024

30. Nigeria Loses $1,000 Per Barrel of Crude Oil it Exports

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Petroleum, energy and mining industries
Abstract

Nigeria is losing $1,000 on every barrel of crude oil it exports, due to a lack of the added value from refining, Nigerian media quoted energy policy expert Henry Adigun [...]

Published
2024

31. Iran's 4-Month Oil Export Stands at $15.7b

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Balance of trade -- Iran, Petroleum, energy and mining industries, Organization of the Petroleum Exporting Countries -- Exports, International Monetary Fund -- Exports
Abstract

Head of the Islamic Republic of Iran Customs Administration said the country exported $15.7 billion worth of crude oil to various countries in the first four months of the current [...]

Published
2024

32. Ukrainian Sanction Blocks Russian Oil Exports to Hungary

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Foreign ministers, Petroleum -- Exports, Petroleum, energy and mining industries
Abstract

A presidential decree from Ukraine to tighten sanctions against Russia came into force on June 26, banning Lukoil from exporting its products via Ukraine, directly impacting Hungarys massive energy giant, [...]

Published
2024

33. Iran’s Non-Oil Exports Up 7% in Three Months

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Petroleum, energy and mining industries
Abstract

Irans export of non-oil goods in the first three months of the current Iranian calendar (started March 21, 2024) reached $13.5 billion, registering a 7.1 percent growth compared to the [...]

Published
2024

34. CBN Says Rise in Crude Oil Exports will Strengthen the Naira

Subjects
Exports, Financial markets, Foreign exchange, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Economic forecasting, Petroleum, energy and mining industries
Abstract

The Central Bank of Nigeria has said an improvement in domestic production of crude oil and its exports will raise the value of the naira. The CBN disclosed this in [...]

Published
2024

35. Venezuela Pivots to Non-Oil Exports with New Legislative Push

Subjects
Exports -- Laws, regulations and rules, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Economic forecasting -- Laws, regulations and rules, Government regulation, Petroleum, energy and mining industries
Abstract

On July 17, Venezuelas National Assembly green-lit a pivotal law aimed at diversifying its economy. The Law for the Promotion of Non-Oil Exports targets the vitalization of sectors beyond the [...]

Published
2024

36. Russian Federation : OPEC countries' oil export revenues fall by 18% in 2023

Subjects
Exports, Petroleum industry -- International economic relations -- Company sales and earnings -- Exports, Petroleum -- Exports, Company earnings/profit, Business, international
Abstract

OPEC member countries' oil revenues fell by 18% in 2023 compared to 2022, to $679.746 billion. This data is provided in the organization's annual statistical bulletin. Equatorial Guinea saw its [...]

Published
2024

37. FIRST WASTE OIL EXPORT SHIPMENT SCHEDULED FOR END OF JULY

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Refuse and refuse disposal, Petroleum -- Exports, News, opinion and commentary
Abstract

ST. THOMAS, VI -- The following information was released by the Government of the Virgin Islands: Twelve thousand gallons of waste oil is scheduled to be exported by the end [...]

Published
2024

38. Iran’s Non-Oil Exports to Iraq up 27% in Q1

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Gas-turbines -- Exports, Petroleum, energy and mining industries
Abstract

Farzad Piltan, who is an adviser to the head of the Trade Promotion Organization of Iran (TPOI), added that Iran exported natural gas, ferrous and steel bars, fresh apples, iron- [...]

Published
2024

39. Iran’s Non-Oil Exports Up 7.6% in 3 Months: IRICA chief

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, Petroleum, energy and mining industries
Abstract

The head of the Islamic Republic of Iran Customs Administration (IRICA) said that in the first three months of the current Iranian calendar year (started March 19, 2024) the country [...]

Published
2024

48. Thames Water customers shouldn't pay for its mistakes, says Jeremy Hunt; Iran oil exports hit six-year high -- business live; Rolling coverage of the latest economic and financial news

Subjects
Exports, Petroleum industry -- International economic relations -- Exports, Petroleum -- Exports, News, opinion and commentary
Abstract

Byline: Graeme Wearden block-time published-time 7.47am BST Iran oil exports hit 6-year high as west prepares sanctions In the energy sector, Iran is exporting more oil than at any time [...]

Published
2024

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