Exact(2)
The company uses simple mechanisms to guarantee oil prices into the near future.
Separately, the leaders also said they "stand ready" to call on the International Energy Agency to take appropriate action to guarantee oil supplies if prices spike.
Similar(58)
Yukos, which beat an offer by a rival Russian oil company, said it would guarantee crude oil supplies for 10 years to the refinery, the agency reported.
But even Saudi Arabia cannot guarantee oil-market stability, especially with its buffer so depleted.
Under NAFTA, Canada guarantees oil and gas shipments to the United States at average peak export levels.
In perhaps the most far-reaching change, China has become Angola's financier, lending Luanda as much as $12 billion for the country's reconstruction, in return for guaranteed oil supplies.
The New York Times coverage has already been able to piece together a fascinating study of the twists and turns of US policy towards Iran and how this relates to Saudi-China relations - guaranteed oil deliveries were offered if Beijing cut its links with Tehran - and the US-Russia debate on missile defence.
"We've been pleased by the statement OPEC is making where they have guaranteed crude oil to the United States," Mr. Cirigliano said.
Also, in a warning to Iran, the leaders pledged to take steps to guarantee continued oil supplies after an oil embargo against Iran begins on July 1.While Greece is not part of the Group of 8 — the club is made up of the United States, France, Germany, Britain, Italy, Canada, Japan and Russia — the political and economic crisis facing Athens hovered over the meeting.
The existence of a shale does not guarantee successful oil and gas production, geologists say.
Long horizontal wells in highly heterogeneous reservoirs do not necessarily guarantee improved oil recovery.
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