Showing 1 - 10 of 93
Global crude oil prices pressured by oversupply
Published on 22/12/2025
» Crude oil prices in the global market declined amid expectations of a supply surplus, with ICE Brent crude between October 1 - December 16, 2025 falling by $4.7 per barrel from the previous quarter to average $63.4 per barrel. The decline followed increased global supply, driven by eight OPEC+ members — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — collectively raising production from April–December 2025 by almost 3 million barrels per day, unwinding their voluntary cuts to defend market share. Additional supply growth from non-OPEC+ producers such as the United States, Brazil, Canada and Guyana further contributed to the imbalance.
Thailand retools for a tougher global economy
Business, Phusadee Arunmas, Lamonphet Apisitniran, Suchit Leesa-Nguansuk and Yuthana Praiwan, Published on 15/12/2025
» Well ahead of the scheduled end of the administration’s four-month term, Prime Minister Anutin Charnvirakul dissolved parliament on Dec 11 amid concerns over several outstanding issues, including the Thai–Cambodian border conflict and the relief measures needed to assist flood-affected communities in the South.
Wars and Geopolitical Tensions Drive Global Oil Prices Higher
Published on 19/09/2025
» Global crude oil prices have edged higher in recent months as prolonged wars and geopolitical tensions continue to disrupt energy supplies. Between July 1 and September 15, 2025, ICE Brent crude rose by US$1.51 per barrel from the previous quarter, averaging US$68.16 per barrel. The increase was driven mainly by the escalating war between Russia and Ukraine. Although US President Donald Trump and Russian President Vladimir Putin met in Alaska on August 15 to discuss a peace deal and ceasefire, the summit ended without agreement, and both sides continued retaliatory strikes.
Key Opec+ members boost oil production
AFP, Published on 07/09/2025
» LONDON — Eight key members of the Organisation of the Petroleum Exporting Countries Plus (Opec+) alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.
TAT sees hope in winter flight prospects
Business, Molpasorn Shoowong, Published on 05/08/2025
» The 1-million target set for the Middle East and African markets this year remains challenging due to geopolitical conflicts, but Thailand still has opportunities from new flight openings this winter, according to the Tourism Authority of Thailand (TAT).
Opec+ steps up oil output increases
Reuters, Published on 05/07/2025
» LONDON - Opec+ agreed on Saturday to raise production by 548,000 barrels per day (bpd) in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and US attacks on Iran.
Adding fuel to the fire
Business, Yuthana Praiwan, Lamonphet Apisitniran and Nareerat Wiriyapong, Published on 30/06/2025
» The unpredictable Israel-Iran conflict is intensifying the disorder overwhelming the Pheu Thai Party's coalition government.
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.
Office fears strait's closure could disrupt shipments
Business, Phusadee Arunmas, Published on 25/06/2025
» The possible closure of the Strait of Hormuz could increase transport costs and freight rates for Thailand, while also affecting inflation and exports to the Middle East, says the Trade Policy and Strategy Office (TPSO).
Israel-Iran war starting to hit tourism to Thailand
Narumon Kasemsuk, Published on 17/06/2025
» The Israel-Iran war is expected to affect five of Thailand’s tourism markets, which might plunge by 50%, while visits from the Middle East to Phuket have already started to decline due to airspace closures.