Showing 1 - 10 of 59
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.
High-speed rail project to commence service by 2030
Business, Wichit Chantanusornsiri, Published on 30/01/2025
» The government has confirmed the Bangkok-Nong Khai high-speed rail project, connecting to China's high-speed railway network, will be operational by 2030.
Egat aims to turn hydropower dams into giant 'batteries'
Business, Yuthana Praiwan, Published on 08/11/2024
» Three more hydropower dams operated by the Electricity Generating Authority of Thailand (Egat) will be developed into giant "batteries" under a 90-billion-baht investment to supply clean power to the country, easing concerns about insufficient electricity generated by solar and wind power.
Oil prices rise on US storm, fears of Israel-Iran conflict
Reuters, Published on 10/10/2024
» SINGAPORE - Oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barreled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran.
Global economy slows down, affecting oil prices
Published on 21/12/2023
» Oil prices have decreased following the global economic slowdown, despite OPEC+ members jointly announcing a reduction in oil supply to support prices.The price of ICE Brent crude oil in the 4th quarter of 2023, from October 1st to December 6th, averaged $84.6 per barrel, a decrease from the 3rd quarter average of $85.9 per barrel. This decline is attributed to concerns over the weakening global economy, leading to a continuous slowdown in demand. Recently, S&P Global Platts reported the Manufacturing Purchasing Managers' Index (PMI) of the United States, Europe, and China for November 2023 as 49.4 points, 44.2 points, and 49.4 points, respectively. An index below 50 points indicates a contraction in the manufacturing sector of these regions.
New investor relations panel to boost eastern corridor
News, Supoj Wancharoen, Published on 11/12/2023
» The Eastern Economic Corridor (EEC) Policy Committee, the Board of Investment (BoI) and the Industrial Estate Authority of Thailand (IEAT) have agreed to establish a joint panel to serve as an investor relations body, Transport Minister Suriya Jungrungreangkit said on Monday.
Asian shares fall as Fed talks tough on rates
Business, Nuntawun Polkuamdee & Nareerat Wiriyapong, Published on 11/11/2023
» RECAP: Shares in Asia fell yesterday after the head of the US Federal Reserve warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar.
Land bridge project is reassessed
Business, Lamonphet Apisitniran, Published on 23/09/2023
» The government is conducting an environmental impact assessment (EIA) for a land bridge megaproject in southern Thailand as it contemplates a massive new boost for the Thai economy in the future, says the Industry Ministry.
CPanel sees prospects for precast concrete
Business, Kanana Katharangsiporn, Published on 25/08/2023
» The new government's pledge to increase the daily minimum wage to 600 baht as well as the Ashton Asoke case should help the already robust precast concrete industry, according to MAI-listed precast concrete producer CPanel.
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.