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. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. per barrel while that of Reliance was $8.70
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