Green Car Congress
JULY 28, 2015
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. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. By offering almost 2.8 In fact, at $5.60
Green Car Congress
MAY 4, 2016
In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Across the Gulf, Iran has taken similar steps.
Green Car Congress
APRIL 10, 2015
However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). With the decline of average annual crude prices, OPEC earned around $730 billion in net oil export revenues in 2014 (Source: EIA), a big decline of 11% from its previous year.
Green Car Congress
OCTOBER 31, 2014
With China now the world’s biggest oil importer and the US increasingly stressing domestic production, the days of dollar-priced energy, and therefore dollar-dominance, look numbered.”. Rise of the Yuan. It is no secret that Beijing has been looking to promote the yuan as an alternative reserve currency.
Cars That Think
FEBRUARY 28, 2022
For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. Over the years, there have been brief supply interruptions and price swings, but nothing like what’s going on now. But Russia’s importance as an exporter of natural resources goes far beyond hydrocarbons.
Cars That Think
MAY 17, 2023
Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. But for the most part, the price is right: China’s DJI Mavic 3 , used by both Russia and Ukraine for surveillance and for delivering bombs, goes for around $2,000. That’s not cheap, except by U.S.
Baua Electric
JUNE 12, 2023
Even if it has made ease with some, it nonetheless faces blackmails from Gaza, Lebanon, Syria and Iran. Participants of the gang needed to create the cheap and a advertising and marketing plan. All the way through a lot of its historical past, antagonistic neighbors have surrounded Israel.
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