Saudis Expand Price War Downstream
Green Car Congress
JULY 28, 2015
The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? million barrels of low-sulphur diesel to Asian and European markets, the Saudis are directly competing with Asian refiners, potentially sparking a price war.
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