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Oil Prices Predicted to Recover Amidst Global Economic Rebound
Published on 14/07/2023
» The average price of ICE Brent crude oil in the second quarter of 2023 (April 1 - June 30, 2023) remained stable at $77.75 per barrel, indicating tighter supply in the market compared to the previous quarter. Following the OPEC and its allies (OPEC+) meeting on April 3, 2023, a consensus was reached to reduce crude oil production by 2 million barrels per day until the end of 2023. Additionally, several countries, including Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Iraq, Algeria, Kazakhstan, and Gabon, volunteered to implement additional production cuts totalling 1.16 million barrels per day from May to December 2023. Furthermore, Russia extended its planned production cut by 500,000 barrels per day from March to June 2023 until December 2023. As a result, the total production reduction from May to December 2023 stands at 3.66 million barrels per day.
Loxley Trading eyes product acquisitions
Business, Pitsinee Jitpleecheep, Published on 12/07/2023
» Loxley Trading Co, a consumer goods distribution arm of trading conglomerate Loxley Plc, has vowed to actively pursue product acquisitions and partnerships to enhance its portfolio and mitigate long-term business risks.
Tips for reading financial statements
Nuntawun Polkuamdee, Published on 10/07/2023
» The recent allegations of fraud at Stark Corporation has caused severe damage to investors.
Trade takes another hit
Business, Published on 10/07/2023
» The value of Thai exports dipped for an eighth consecutive month in May, falling by 4.6% to US$24.3 billion, contributing to an overall decline of 5.1% to $116 billion in the first five months of this year.
Asian shares fall as rate-hike bets increase
Business, Published on 08/07/2023
» RECAP: Asian stocks slid yesterday to cap a busy first week of the quarter for financial markets, with the dollar standing tall and bonds tumbling as resilient US jobs data has investors bracing for interest rates to head higher still.
All eyes on the new government
Business, Published on 08/07/2023
» We believe domestic politics will dominate the SET index direction in July as the new government takes shape, with the first vote to select the prime minister just days away.
PTT in advanced talks with Qatar for LNG deal
Reuters, Published on 07/07/2023
» SINGAPORE/LONDON: Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, according to four trading sources.
Exports to Korea set to rise 2% this year
Business, Phusadee Arunmas, Published on 07/07/2023
» Thailand expects exports to South Korea to increase by 2% this year to US$6.52 billion, partially helped by a deeper trade partnership through a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan.
BPP keen on free power trade pipeline
Business, Yuthana Praiwan, Published on 01/07/2023
» Costly electricity bills create a financial burden for the public, but also accelerate momentum for the establishment of free power trade in Thailand.
Q1 household debt hits B16tn
Business, Somruedi Banchongduang, Published on 01/07/2023
» Household debt in the first quarter this year soared to 16 trillion baht, accounting for 90.6% of GDP, attributed to increases in debt as well as the redefinition of national household debt, says Sakkapop Panyanukul, the Bank of Thailand's senior director of the economic and policy department.