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Search Result for “oil facilities”

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GENERAL

Commission to maintain current power tariff

Business, Yuthana Praiwan, Published on 18/07/2025

» Electricity bills during the last four months of this year will not be further reduced as the Energy Regulatory Commission (ERC) has decided to maintain the current power tariff despite positive factors that could lead to a lower rate.

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GENERAL

Small reactors to signal new chapter

Business, Yuthana Praiwan, Published on 14/07/2025

» The government's sustained efforts to promote clean energy and high-tech investment, especially regarding data centres, may lead Thailand to embark on a new energy chapter.

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THAILAND

Princess Sirindhorn Visits Chang Hua Man Royal Project 

Published on 04/07/2025

» Bangkok, July 4, 2025 - The Chang Hua Man Royal Project in Phetchaburi Province recently welcomed a royal visit from Her Royal Highness Princess Maha Chakri Sirindhorn, who graciously proceeded to the site on 3 July 2025 to perform royal duties and observe the progress of ongoing initiatives. On this occasion, Her Royal Highness granted an audience during which Miss Kobkul Kanchanalai, Deputy Director of the Royal Chitralada Projects, introduced Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, along with the company’s executive team, to present a progress report on Bangchak Group’s collaborative efforts in developing the Royal Project area. The audience was also graciously attended by officials and staff of the Royal Chitralada Projects, as well as Bangchak Group executives and employees. 

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GENERAL

Thai oil firms look to alternative markets to Cambodia

Business, Yuthana Praiwan, Published on 02/07/2025

» Cambodia's ban on refined oil imports from Thailand should not have a significant impact on oil companies as they can adjust their sales, shipping their products to other countries in Asia, says the Department of Energy Business (DOEB).

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OPINION

Key global asset trends to watch

News, Published on 02/07/2025

» The war between Israel and Iran offered a real-time look at some new global cross-asset dynamics that can help investors understand the state of play in the first half of 2025 and what they can expect in the next six months.

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GENERAL

Navigating twin crises and tightened monetary policy

Business, Published on 28/06/2025

» Financial markets in Thailand are confronting an unprecedented twin crisis, as political uncertainty from the audio clip scandal converges with escalating Middle East tensions that have rattled global capital markets.

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GENERAL

Trade and Middle East Conflicts Drive Oil Prices 

Published on 25/06/2025

» From 1 April to 18 June 2025, ICE Brent crude oil prices declined by USD 5.68 per barrel compared to the previous quarter, averaging USD 69.28 per barrel. The drop followed an announcement by eight OPEC+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—to increase crude oil production from April to July 2025. The additional output, which totalled 1.37 million barrels per day, reversed earlier voluntary cuts. Saudi Arabia is now pushing for a full reinstatement of its 2.2 million barrels per day in voluntary cuts by September 2025 to regain global market share. 

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WORLD

Trump baffles with sudden U-turn on China buying Iranian oil

Bloomberg News, Published on 25/06/2025

» WASHINGTON - United States President Donald Trump on Tuesday appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil as he seeks to bolster a ceasefire with Israel.

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GENERAL

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Reuters, Published on 24/06/2025

» Oil prices tumbled on Tuesday to their lowest level in more than a week as US President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.

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GENERAL

Thai shippers allay concerns over closure of Strait of Hormuz

Business, Phusadee Arunmas, Published on 24/06/2025

» The Thai National Shippers' Council says a complete closure of the Strait of Hormuz would boost oil prices. However, negotiations are expected to address this issue and the situation will be resolved soon.