Financing Oil Purchase Saudi Arabia 
Teslarati
APRIL 26, 2022
Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. The deal will start with an initial commitment of at least 50,000 vehicles with the option to purchase 50,000 additional cars over the same period.
Teslarati
MAY 18, 2022
Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4
Green Car Congress
OCTOBER 20, 2015
November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. and $65.65
Green Car Congress
AUGUST 13, 2015
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis Expected a Hole, Not a Bottomless Pit. Racing to Barrel Oil.
Green Car Congress
NOVEMBER 13, 2011
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
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