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. We see refining margins weakening on worsening diesel fundamentals, particularly east of Suez, though gasoline should be supportive. In case of Saudi Arabia, the price of crude oil would be extremely low. In fact, at $5.60
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