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Benchmark: Saudi Arabia is building an EV battery supply chain

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Saudi Arabia has cut a number of deals recently that coud make the country’s lithiu-ion supply chain the most developed in the Middle East, according to an analysis by Benchmark Mineral Intelligence. The Saudi processing plant will process spodumene from a mine that European Lithium is developing in Wolfsberg, Austria.

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Report: Aston Martin Seeking Fourth CEO in Four Years

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The company’s share price has also been trending downward since 2018, though it has remained mostly flat since October of 2022. billion in revenue in 2018. The company attributed the loss to global supply chain troubles and the fact that it had been spending big on new models, including some all-electric vehicles.

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Air Products to acquire Shell’s coal gasification technology business and patent portfolio for liquids (residue) gasification; coal-to-fuels in China

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As a leading industrial gas company, Air Products has extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects. The ASUs are expected to be onstream in mid-2018. Financial terms are not being disclosed, and the acquisition is expected to close in the coming months.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

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Oil Is At The Mercy Of Financial Markets

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The manufacturing survey data out of China this week is particularly negative for crude oil, as it goes to the heart of the key demand center for the market,” said John Kilduff, a partner at Again Capital Management, according to Reuters. In December, Saudi Arabia slashed oil exports by roughly 500,000 bpd, according to Bloomberg.

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