Economy News Oil Saudi Arabia 
Electric Cars Report
NOVEMBER 3, 2022
The Crown Prince of Saudi Arabia has launched Ceer, the first Saudi electric vehicle brand, as part of a push to diversify the economy of the oil rich country.
Baua Electric
APRIL 28, 2024
Saudi Arabia is focused on obtaining lithium from abroad for its electric vehicle (EV) ambitions, according to a senior minister. The kingdom, heavily reliant on oil for its economy, has invested billions to become a hub for EV manufacturing as part of Crown Prince Mohammed Bin Salman’s economic diversification efforts.
Baua Electric
MARCH 8, 2024
Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters.
Green Car Congress
JANUARY 5, 2019
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. Still, the cuts could put a floor beneath oil prices. “A Trump said.
Green Car Congress
DECEMBER 11, 2014
The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.
Green Car Congress
FEBRUARY 3, 2017
The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. by Tsvetana Paraskova for Oilprice.com.
Green Car Reports
AUGUST 4, 2016
Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. DON'T MISS: Even Saudi Arabia vows to end its.
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