Green Car Congress

SEPTEMBER 13, 2017

Public statements from officials at Saudi Aramco—operating since May 2016 under a new oil minister—indicate that the company expects to increase oil production above recent historic highs. Further ahead, the company is considering investments to increase its capacity beyond the current maximum 12.5

Saudi Arabia 150

Saudi Arabia Oil Production Climate 150

Green Car Congress

JULY 28, 2015

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Source: [link].

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

NOVEMBER 13, 2011

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge.

Oil 247

Oil Transportation Cheap Fleet 247