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The crude is so cheap it’s pretty much free for them, the margins are going to be massive. On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. However, one cannot easily neglect the Indian and Chinese refiners.
Countries need to plan for a solar-powered future to make the most of the cheap power this technology can provide.” Ember’s data on Chinese solar export reveals significant growth is also emerging in new markets such as Pakistan and Saudi Arabia, as well as the Philippines, the UAE, Thailand, and Oman.
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