Saudis Expand Price War Downstream
Green Car Congress
JULY 28, 2015
In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. per barrel in first quarter of 2015). by Gaurav Agnihotri for Oilprice.com. In case of Saudi Arabia, the price of crude oil would be extremely low.
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