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Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. Saudi August crude exports could fall to around 6.6

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Lucid CEO teases a mid-size Tesla Model 3, Model Y competitor in development

Baua Electric

As in, delivering cars that drive fast er , go farth er , last long er , and eventually are cheap er. Rawlinson was detailing Lucid’s second AMP facility, which will be erected in Saudi Arabia and have an annual capacity of 150,000 units annually. FTC: We use income earning auto affiliate links.

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Era Of Cheap, Subsidized Gasoline To End In United Arab Emirates

Green Car Reports

Global oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy.

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India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

Even on the electrification front, India is lagging and faces emerging competition from the likes of Indonesia in the South East and Saudi Arabia in the Middle East, who are pitching themselves as key hub for future exports. The post India stays No.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks. The dominance of the US “petrodollar” continues to this day. Rise of the Yuan.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% Chinese brands made up 16% of the 616,500 new vehicles sold in Saudi Arabia last year. Chinese language EV makers contemplate appeared first on Bauaelectric Auto News.