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Friday, May 3, 2024

Energy demand to grow in line with the economy

Vehicles line up at a pump to fill their tanks on Nawamin Road in Bangkok.  (Photo: Varuth Hirunyatheb)

Thai energy consumption is expected to grow by 2.5% to around 2 million barrels of oil equivalent per day (BOED) this year, driven by economic growth projected at 2.5-3%, the Energy Policy and Planning Office (Eppo) said.

Other factors determining energy demand this year include oil prices and foreign exchange rates.

Dubai crude oil reference prices are estimated…

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