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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. efforts to curb Iranian production.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the consequences of the virus have shuttered manufacturing and supplier facilities around the world. This downturn in production reflects weaker demand throughout the region as well as in export markets. decline in global real GDP in 2020.

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Saudis Expand Price War Downstream

Green Car Congress

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.