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Saudis Expand Price War Downstream

Green Car Congress

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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Toyota electric ute could be less than 12 months away from Australia, but will fast-tracked HiLux and Ranger-sized dual-cab finally silence diesel-loving doubters?

EV Central

A year later Toyoda hosted the unveil of the HiLux-based Revo EV in Thailand. I’ve often said BEVs aren’t cheap but we also know that in an accelerating BEV market we have got to be competitive,” said Hanley. In December 2021 former global boss Akio Toyoda revealed 16 Toyota, bZ and Lexus EV concepts including a ute.