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Thai oil fund spending B1 billion a day on subsidies
Published on 11/03/2026
» The Thai government is widening efforts to curb demand for fuel, as it burns through cash fighting to keep domestic diesel prices artificially low amid surging global energy costs.
Oil jumps, stocks drop as war keeps markets on edge
AFP, Published on 11/03/2026
» LONDON - Oil prices rallied and equities mostly dropped on Wednesday as traders assessed the latest developments affecting global markets as a result of the Middle East war.
G7 leaders closer to tapping oil reserves
AFP, Published on 11/03/2026
» PARIS - The Group of Seven advanced economies inched closer on Wednesday to tapping strategic oil reserves to tackle the rise in crude oil prices due to the Middle East war as energy ministers said they stood ready to take “all necessary measures”.
Middle East war: global economic fallout
AFP, Published on 11/03/2026
» PARIS — Here are the latest economic events in the Middle East war on Wednesday:
Night closures of petrol stations planned, not yet enforced
Published on 11/03/2026
» The government plans to close petrol stations at late-night hours only in a worst-case scenario stemming from the Middle East war, as the present situation is not critical enough to justify such a measure, the Department of Energy Business reported.
Kharg Island: Iran's vital oil hub in the crosshairs?
AFP, Published on 11/03/2026
» PARIS — Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran's crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts say.
SCG halts olefins unit following Hormuz disruption
Business, Lamonphet Apisitniran, Published on 11/03/2026
» Industrial conglomerate Siam Cement Group (SCG) is temporarily shuttering its olefins plant in Rayong, though it remains confident its other businesses will continue to operate as normal during the conflict in Iran.
Geopolitical risks cloud equity market outlook
Nuntawun Polkuamdee, Published on 11/03/2026
» Escalating tensions between Iran, the US and Israel could trigger a major military confrontation within 3-4 months, potentially driving crude oil prices as high as US$135 per barrel in a worst-case scenario, pundits warn.
US energy secretary's post saying US escorted tanker in Hormuz deleted
AFP, Published on 11/03/2026
» WASHINGTON (UNITED STATES) - A post by US Energy Secretary Chris Wright saying that the US Navy had escorted an oil tanker through the Strait of Hormuz was deleted on Tuesday, minutes after his account had posted it.
Solar boom risks leaving toxic legacy
Oped, Published on 11/03/2026
» Solar power is Thailand's master key in the fight against global warming. It is cheap, popular, and even promoted by the state. But beneath the success story lies a big question: What happens when millions of panels begin to die?