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Saudis Expand Price War Downstream

Green Car Congress

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. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? By offering almost 2.8 In fact, at $5.60

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. As the market matures, the industry is entering a phase marked by increased price competition and consolidation. As in many other countries in the region, foreign carmakers – especially Chinese – are increasingly entering the market.