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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? On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong.

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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. New subsidies, including for domestic battery manufacturing, and lower import and excise taxes, combined with the growing presence of Chinese carmakers, have contributed to rapidly increasing sales. China exported over 1.2