Saudis Expand Price War Downstream
Green Car Congress
JULY 28, 2015
With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy.
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