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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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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

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Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. 2018 recorded an overall growth in oil production of 2.5 The surplus in the Middle East is slightly up, due to the year-end increases of big producers (Saudi Arabia, Iraq and U.A.E.). also rose in Brazil and Norway.

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The Saudi Dilemma: To Cut Or Not To Cut

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To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. Saudi Arabia is not an exception. At the same time, Saudi Arabia is in a major push to diversify its revenue streams and has committed a lot of money to it.

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IEA: key oil trends 2018

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in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA. Production from the United States rose to a record high in the third quarter of 2018, and increased by 17.1%

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Baker Institute team says fossil fuel subsidies need global reform

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In 2018, eight member states maintained $207 billion in fossil fuel subsidies, International Energy Agency (IEA) data show. of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Source: Baker Institute.

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California 2019 crude average carbon intensity up

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The 2019 CI is up from 2018 (12.35) and from 2017 (11.93); volume delivered to California refineries was down, however: 584,313,143 barrels in 2019, versus 624,127,435 in 2018 and 621,246,732 in 2017. Imports from Saudi Arabia plunged 31.4% in 2019 from 2018, to 88,184,212 barrels. CI (gCO 2 e/MJ). Data: CARB.

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