Showing 1 - 10 of 24
OPEC+ Delays Production Increase Following a Drop in Oil Prices.
Published on 18/09/2024
» The average price of ICE Brent crude oil in Q3 2024 (from July 1 to September 9, 2024) was $80.4 per barrel, down from an average of $84.9 per barrel in Q2 2024. This decline is attributed to OPEC+’s planned increase in crude oil production by 180 KBD per month from October to December 2024, and by 213 KBD per month from January to September 2025. (Previously, OPEC+ had voluntarily reduced production by 2.2 million barrels per day.) Additionally, demand declined as the US driving season ended, and the political situation in Libya stabilized. However, on September 5, 2024, eight OPEC+ members announced a two-month delay in the production increase plan.
Exploring efforts to ease power bills
Business, Yuthana Praiwan, Published on 27/09/2023
» The Srettha Thavisin cabinet quickly approved a plan to reduce the power tariff at its first meeting earlier this month in a bid to reduce electricity bills.
The struggle in harnessing power prices
Business, Yuthana Praiwan, Published on 25/01/2023
» Following protests from the business community, the Energy Regulatory Commission (ERC) reduced its planned hike to the power tariff for companies to 13%, down from 20.5%, but entrepreneurs say they cannot maintain product prices at these rates.
Arkhom appt a pleasant surprise
News, Published on 10/10/2020
» A meeting a few months ago between Arkhom Termpittayapaisith and Prime Minister Prayut Chan-o-cha in the northeastern province of Si Sa Ket set rumour mills buzzing that the former transport minister was being eyed for a comeback to the cabinet.
Prayut sings praises of new finance minister
News, Post Reporters, Published on 07/10/2020
» Arkhom Termpittayapaisith, who will be sworn in as finance minister on Oct 11, is a strong hand with a proven track record who can also work in sync with politicians, says Prime Minister Prayut Chan-o-cha.
Fresh virus spikes give investors pause
Business, Published on 22/02/2020
» Recap: Most Southeast Asian stock markets ended lower yesterday, with Indonesia losing the most and Thailand the sole gainer, as a sharp rise in new coronavirus cases dented the appeal of riskier assets.
Govt tackles big sector items, but the poor still waiting
Spectrum, Published on 20/05/2018
» After almost four years in power, the military government may have been successful in some macroeconomic areas and structural changes. In terms of the household economy, however, it still faces the uphill task of easing the plight of the grassroots.
SET up 0.2%, global markets cringe over trade war fears
Business, Published on 03/03/2018
» Recap: Global stock markets fell to two-week lows yesterday, with steelmakers taking a pounding after US President Donald Trump said he would impose hefty tariffs on imports of steel and aluminium, reviving fears of a trade war.
Disappointment with Opec accord hits world equities
Business, Published on 29/05/2017
» Recap: Global equity markets retreated last week as a slump in crude prices triggered a sell-off in energy stocks after an Opec-led decision to extend output cuts fell short of expectations. However, markets rallied on Friday amid a consensus that the sell-off had been an overreaction. The energy-heavy Thai stock market started the week strongly in anticipation of good news from Opec, and offshore fund inflows helped to limit losses later.
Global shares follow wall street upward
Business, Published on 20/02/2017
» Recap: Wall Street's record highs spurred other stock markets globally early last week. President Donald Trump's comment that his administration would soon unveil a "phenomenal "tax policy spurred the rally in stocks, the dollar and emerging-market assets. Federal Reserve chair Janet Yellen's upbeat assessment of the US outlook and hints at a March interest-rate increase also bolstered investor risk sentiment.