Remove Building Remove Cheap Remove Nigeria Remove Price
article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

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

article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas.

Carbon 207