#Oil Imports

[the-psudo]

[source]

We've never had a time when we've exported more crude oil than we've imported, but there are times that we've exported more petroleum products than we've imported. Petroleum products includes crude oil, gasoline, diesel fuels, jet fuel, plastics, and much more. Anything that can be made from what comes out of oil wells.

That negative net imports era began in 2020 under Trump, and he touted it as 'energy independence.' Exporting more plastics than we import doesn't really relate to energy independence, though. Real energy independence starts with exporting more crude oil than we import.

But the net exports of petroleum products that Trump celebrated as an accomplishment are greater now than they ever were then.

#energy independence #uspol #crude oil #oil and gas #energy #fossil fuels #Biden is doing Trump policy better than Trump #oil imports #oil exports #petroleum

[indizombie]

With a small dip in the Indian currency, the Indian government has to pay a little extra for the same goods it was importing earlier. So, importing items get more expensive. Oil imports will get costlier, which has a direct impact on prices of many other things – anything that needs to be transported will (if it hasn’t, already) now see an increase in its prices. India currently imports 85% of its oil demand and the rise in crude oil prices directly increases import bill and expenses.

‘SIMPLY PUT: Why Is The Rupee Falling And How It Affects Your Food, Education, Healthcare And Other Expenses’, Business Insider India

#Business Insider India #Indian Rupee #Oil imports #oil demand #crude oil price rise #import bill #transportation of goods

[freepressjournals]

India’s Growing Reliance on Oil Imports Signals Concerns for FY24

As we approach the end of the financial year 2023–24 (FY24), India faces a sobering reality: its dependence on imported crude oil is on the rise, potentially reaching unprecedented levels. According to recent data released by the oil ministry’s Petroleum Planning & Analysis Cell (PPAC), India’s reliance on imported crude surged to nearly 88% in the period from April to February, indicating a trend that could see FY24 surpass the record high levels of the previous year.

Despite efforts to bolster domestic production, India’s self-sufficiency in crude oil dwindled to just 12.3% during the April-February period, a decline from 12.8% in the corresponding period of the previous financial year. This decline in self-sufficiency is primarily attributed to stagnant domestic crude oil output coupled with escalating demand for fuel and petroleum products.

Over the years, India’s reliance on oil imports has been steadily increasing, barring a brief respite in FY21 due to the COVID-19 pandemic-induced slowdown. The country’s dependence on imported crude stood at 85.5% in FY22, with previous years witnessing a similar upward trajectory. Despite governmental aspirations to curtail this reliance — with targets set as early as 2015 to reduce oil imports to 67% by 2022 — the actual dependency has only surged, making the Indian economy susceptible to global oil price fluctuations and impacting various economic indicators such as foreign trade deficit, foreign exchange reserves, and inflation rates.

In response to this escalating dependence, the government has been advocating for alternative energy sources such as electric mobility and biofuels to mitigate the reliance on costly oil imports. Efforts to augment domestic crude oil output through incentivizing exploration and production contracts and opening up new areas for hydrocarbon exploration have also been intensified. However, these measures have yet to yield significant offsets to the burgeoning demand for petroleum products.

India’s refining capacity, exceeding 250 million tonnes per annum, positions it as a net exporter of petroleum products despite being one of the world’s largest importers of crude oil. However, the widening gap between domestic production and consumption underscores the urgency for sustainable solutions to balance energy needs and economic stability.

As we navigate the complexities of India’s energy landscape, the trajectory of oil imports in FY24 will be closely monitored, bearing implications not only for the energy sector but also for broader economic indicators and policy directions. Efforts to diversify energy sources and enhance domestic production remain imperative in ensuring energy security and economic resilience in the years to come.

#Oil Imports #Energy Dependency #Petroleum Production #Indian Economy #Fuel Demand

[bigdatadept]

Navigating the Maze: China's Oil Dependency and the Geopolitical Tightrope

"China's Oil Quandary: A Deep Dive into Its Energy Crisis" - Discover how China, the world's largest oil importer, navigates its complex energy dependency. #China #EnergyCrisis #Geopolitics #OilDependency #GlobalEconomy

China’s position is particularly precarious in a world where energy security is synonymous with national security. Despite being the second-largest oil consumer globally, its domestic reserves need to be increased, forcing the nation to look outward for its energy needs. This blog delves into the complex web of China’s oil dependency, exploring Beijing’s geopolitical ramifications and strategies…

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#Belt and Road Initiative #China #Economic Growth #Economic Policy #Energy Crisis #Energy Security #Geopolitical Strategy #Geopolitics #Global Superpower #Global Trade Routes #Infrastructure Development #International Relations #Maritime Chokepoints #Middle East Relations #National Security #Oil Dependency #Oil Imports #Strait of Malacca #Strategic Reserves

[agreenroad]

India Oil Imports From Russia Increase 42 Percent In 2023

New Delhi: India’s oil imports from Russia saw a sharp surge in July 2023, posting a rise of 42.54% to US$ 3,371.68 million from the same month the previous year, according to data released by the Ministry of Commerce and Industry. From Middle East to Moscow: India’s evolving oil routes paint a new energy map, ET…

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#India #oil imports #Russia #sanctions

[mossadegh]

• Mossadegh media: newspaper & magazine articles, editorials

#britain #iran #iranian #iranian oil #mossadegh #british #oil industry #oil #BP #cold war #kuwait #oil market #oil majors #oil imports #tehran #saudi arabia #history #diplomacy #oil extraction #oil trading #1950's

[inkskinned]

as we enter the start of a semester and the dreaded Hour of Making Friends us upon us... if ur ever at a loss for what to say in one of those weird social situations where you only vaguely-know people, one of my favorite questions to ask is "what is your favorite food crime." a food crime is like the food combination that you love that other people find revolting. press them to take it further than pineapple on pizza, that's rote. food crimes is a good topic that has many benefits as it turns out all people are degenerates and also it will give you some cool ideas to try out later in the privacy of your own degenerate kitchen

the other good thing to ask is "okay but has anyone here ever been someplace haunted" bc it turns out if you ask most people directly they don't believe in ghosts, but many people are like "oh yeah i lived in a haunted house. ghosts aren't real tho"

#my food crime is that i regularly make a “pasta and tuna” situation that has somehow gotten even more evil and degenerate over time. #it is a ''white wine reduction'' (it's just white wine and garlic powder & seasoning) #and tuna from a can. #and plain pasta. #if i have the spoons i will actually chop garlic for it but this tends to be my comfort food for a REALLY bad day #bc its super easy to make: #boil pasta. drain. put into bowl for later. into same pot u used for pasta. #put tuna (with oil/water from can). let fry a little for like 2-3 min. put in whatever amount of wine. season to taste. #the tuna will get a little crisp on it which is nice. important side note: #this began as a Bolognese sauce. #and one day i had to sub for tuna. i know. not ideal. i cried about it too. #somehow over time it is now its own little evil thing. i would never make someone else eat it. it is beautiful. #but yeah i don't even stir the pasta in afterwards i just slap pasta into serving bowl #slap this ''''''sauce'''''''' on top #molto bene #(i really can cook fairly well btw. this is a food crime. not a suggestion of skill or ability) #(i LOVE baking but when i cook for myself. the autism is obvious. bc i just don't understand the point of most of the steps) #(.... i can just eat the deli meat out of the bag. it is protein. i don't even have to like it. i just have to eat enough calories.) #(also i used to cook MUCH more before this apartment which is so small that i can stretch my arms out and overreach the counter length.) #(.... i'm 5.2. so.)

[mathes0n]

My partner asked me to draw evil Wheatley

#Wheatley #glados #chell portal #portal 2 #mathes0nart #giving him this cool tech android villain design is so cool and awesome #but what if he dressed like an evil oil baron #what if he googled ‘smart handsome guy’ and raided glados’s private butch collection to dress the part #I can’t emphasize how much I love this man and how it’s so important to me that he’s so stupid #dumbass rep

[timesofocean]

New EU sanctions to hit Russian oil, target more banks

New Post has been published on https://www.timesofocean.com/new-eu-sanctions-to-hit-russian-oil-target-more-banks/

New EU sanctions to hit Russian oil, target more banks

Brussels (The Times Groupe)- The European Union will slap new sanctions on Russia for waging war against Ukraine, targeting its oil industry, more Russian banks, and those responsible for misinformation, the EU’s top diplomat said Tuesday.

“We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors and tackle oil imports,” Josep Borrell, head of the foreign policy unit at the EU’s executive European Commission, said in a tweet.

Diplomats say the latest round of sanctions would also affect top Russian lender Sberbank (SBER.MM), adding it to a list of other banks prevented from using SWIFT messaging.

Borell said the 27 EU states would be asked to approve the Commission’s proposal against Russia for attacking Ukraine by land, sea, and air on Feb. 24.

On Wednesday, European Commission President Ursula von der Leyen is expected to unveil the proposed new sanctions, which include a ban on imports of Russian oil by the end of this year.

Tuesday, Russian President Vladimir Putin warned the West that he could halt exports and deals due to the sanctions burden imposed by the EU and the United States.

As the EU is reliant on Russian oil for 26% of its oil imports, an embargo on Russian oil would deprive Moscow of a significant revenue stream. However, reaching an agreement on the measure has divided countries of the bloc.

Hungary and Germany had reservations about an oil embargo. Their main concern was that rising energy prices would hurt already inflagged EU economies.

Reuters reported that resistance to an oil import ban had waned over the past week as an agreement came together that would exempt Slovakia and Hungary, two countries highly dependent on Russian crude oil.

Over 47 billion euros ($47.43 billion) has been paid by EU countries to Russia for gas and oil since it invaded Ukraine, according to the Centre for Research on Energy and Clean Air.

#brussels #Centre for Research on Energy and Clean Air #de-SWIFT #eu embargo #European Commission President Ursula von der Leyen #European Union #inflagged EU economies #josep borrell #oil embargo #oil imports #Russia sanctions #Russian banks #Russian lender Sberbank (SBER.MM) #Russian president Vladimir Putin #Sanctions On Russia #The Times Groupe #Times #Times Of Ocean #United States #Unravel News #Politics

[umblrspectrum]

one of these days I will make something I'm truly proud of again. something that makes me feel as great as I did on that artfight attack, but for my murder drones followers instead.

anyways here's something I spent about 7 minutes on and that i hate more and more by the second just to keep yall fed

#ive got sketches ive got plans #i just need to digitalize them first #cause my paper drawings suck ass #art #murder drones #murder drones cyn #i need you to go to the fan russian dub for episode 5 and skip to the scene at the beginning where cyn “drinks” the oil #this is a very important matter

[dailyrothko]

Mark Rothko, Untitled, 1968

Acrylic on paper mounted on linen 39 1/4 x 25 3/8 in. (99.5 x 64.5 cm) Estate/Inventory MAR G Collection of Kate Rothko Prizel.

 © Kate Rothko Prizel and Christopher Rothko

#mark rothko #rothko #daily rothko. dailyrothko #abstract expressionism #art #modern art #abstraction #important art #color field painting #gallery #oil painting #new york artist #1968

[flowersandfashion]

hot twink is tied up and penetrated

A Collection of Homoerotic Paintings of Saint Sebastian

Carlo Saraceni, c. 1610 /// Nicolas Regnier, c. 1620 /// Guido Reni, c. 1625 /// Louis Finson, c. 1613 /// Gerrit van Honthorst, c. 1623 /// François-Guillaume Ménageot, c. 1760 /// Guido Reni, c. 1615 /// Jose de Ribera, c. 1650

#academic writings about saint sebastian are so funny cos they're all like: #'yeah he isn't a very important catholic figure or anything. renaissance artists just really liked painting him. hmmm' #the bottom left one. he doesn't even have any arrows. dude you didn't even try to hide what you were doing #renaissance art #renaissance #baroque #baroque art #saint sebastian #gay #< I hope my gay brothers appreciate this #art #oil painting #catholic art

[jeida-chi]

"What does my mentor do besides bring me roses?"

So I actually HATED how this portrait turned out (the oil pastels finally betrayed me 😔🥲) but aside from the eyes WHICH LOOK WRONG the color work was banging and I didn’t want it to go to waste (but still didn’t feel like spending more hours trying to save it;;;;) sooo yeah we’re going for artistic rendition idk lmaooo

thematically I think it works though hehe 🤭

Added the unaltered drawing if anyone is curious what it looked like 🙈

#I could probably have gotten away with pretending the whole thing was planned and no one would have known except #my friends and ppl in the Snowbaird discord lol #But I don’t believe in dishonesty and tbh I think it’s important as artists to be forward about the fact that sometimes we fuck up #Plus sometimes the fuck up will push you to go in an artistic direction you wouldn’t have tried otherwise like here! #coriolanus snow #coriolanus snow fanart #tbosas fanart #tbosas #the ballad of songbirds and snakes #the ballad of songbirds and snakes fanart #my art #Fanart #art #oil pastels #oil pastel art #oil pastel drawing #oil pastel portrait #oil pastel on black paper #oil pastel #jeida-chi #burntblueberrywaffles #tom blyth #tom blyth fanart

[keepthebeanscool]

last night i had a dream that mariah rose faith went live and her stream notif was just “hahahahahahahahahahaha” and when i clicked on it she started yelling at me for drinking all of the olive oil in her house because she needs it cause she always drinks olive oil right before she auditions and now she won’t get the part. she literally picked up her Entire pc and brought it into her kitchen so she could show me that there we no olive oil. she threw open her fridge door and was like “WHERE IS IT, JASPER??” i felt SO bad

#it was genuinely insane #im so sorry mariah i didn’t realize your olive oil was so important #i literally woke up and for a split second i was like “oh my god. mariah hates me” #mariah rose faith #jaspers rambles

[b6d11f]

be still, my indelible friend, you are unbreaking though quaking, though crazy that's just wasteland, baby

#disco elysium #harry du bois #kim kitsuragi #lilienne carter #art #// #spoilers #its crazy i got this done lol #<-- has never drawn the ocean or ice or oil slicks or boats or top down perspective or #i knew i wanted to make a big piece as celebration of finally playing this game #without going on for too long its incredible and meaningful and i can see why people draw renaissance level art of it #i have more ideas but this felt the most important to me rn #if you think you see an image in the composition yes you do <3 #in my 1st playthru i got the rainjacket and never took it off except to get the dick mullen achievement LOL #the hat gloves and sick red white shoes rly tied it together #anyways i spent long enough deciding between dif captions

[mossadegh]

• Mossadegh media: newspaper & magazine articles, editorials

#mohammad mossadegh #iran #iranian #tehran #mossadegh #foreign policy #middle east #cleveland plain dealer #on the spot #oil industry #aden #italy #abadan #oil tankers #oil exports #oil imports #oil #british petroleum #british #editorial #1950's #foreign affairs #history