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Search Result for “barrel oil”

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THAILAND

Russian crude imports eyed

News, Published on 14/03/2026

» The government is ready to purchase crude oil from Russia and has signalled plans to raise petrol prices after the diesel price cap ends on Monday, while officials have also moved to clarify concerns over rising refining margins.

BUSINESS

War clouds continue to hover over Thai bourse

Business, Published on 14/03/2026

» The Stock Exchange of Thailand (SET) ended February with high hopes at 1,528.26 points, up 15% from the month before. The post-election rally continued after the Bhumjaithai Party won convincingly and moved quickly to form a coalition with a solid majority.

BUSINESS

Tourism stimulus eyed to address slowdown

Business, Molpasorn Shoowong, Published on 14/03/2026

» To mitigate the tourism impact from the Middle East conflict, the Tourism Authority of Thailand (TAT) plans to propose to the cabinet a stimulus measure for the short-haul and domestic markets, as well as setting up a "war room" in collaboration with private operators.

BUSINESS

Centre flags war risk to Thai growth

Business, Kuakul Mornkum, Published on 14/03/2026

» A worst-case scenario for the Middle East conflict, which is war dragging on without a clear end, would reduce Thai GDP by 2.31 percentage points, according to the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce (UTCC).

WORLD

Germans head to Polish pumps as oil price bites

AFP, Published on 14/03/2026

» SłUBICE (POLAND) - Frugal Germans are crossing into Poland to buy petrol as pump prices rise as a result of Iran choking off global oil supplies in retaliation for US-Israeli strikes.

BUSINESS

Refiners assure oil supply adequate amid panic buying

Yuthana Praiwan, Published on 13/03/2026

» Thailand’s oil refiners have sought to allay public concerns by confirming that the country’s oil reserves remain sufficient despite reports of motorists rushing to filling stations in provincial areas.

BUSINESS

Cathay Pacific to nearly double fuel surcharge on Wednesday as costs surge

Published on 13/03/2026

» Cathay Pacific Airways will nearly double its fuel surcharges starting from Wednesday, following a similar move by another Hong Kong carrier amid rising fuel prices driven by conflict in the Middle East.

WORLD

Iran not going to close Strait of Hormuz, Iran UN envoy says

Published on 13/03/2026

» Iran's ⁠UN ​Ambassador ​Amir ‌Saeid Iravani on Thursday said Tehran ​was not ⁠going to close ‌the Strait of Hormuz, but ⁠added it was Iran's inherent right to preserve ​the peace and ​security ‌of the waterway.

BUSINESS

Oil forecasts rise as Mideast war rages

Business, Nareerat Wiriyapong, Published on 13/03/2026

» Analysts are lifting their oil price estimates for this year and 2027 amid transport disruption in the Middle East, even though the potential release of reserves by the G7 and the Organisation for Economic Co-operation and Development (OECD) could help temporarily alleviate supply pressures.

BUSINESS

Remote work move weighs on transport, media stocks

Business, Nuntawun Polkuamdee, Published on 13/03/2026

» Thailand's temporary work-from-home (WFH) policy for government agencies, introduced as part of emergency energy-saving measures, creates short-term pressure on transport and out-of-home media stocks, according to analysts.