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Saudis Expand Price War Downstream

Green Car Congress

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. The crude is so cheap it’s pretty much free for them, the margins are going to be massive.

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Mad Power thoughts

EV Info

Ministers decided they would rather throw hundreds of Northern workers out of a job, turn down hundreds of millions of pounds of investment and rely instead – for the five million tonnes of coal per year gap that we still need for industry – on energy imports from those famously reliable partners, Russia and Venezuela. Gas is the only answer.

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