Thailand’s Energy Permanent Secretary Prasert Sinsukprasert is scheduled to hold a meeting with relevant agencies on Thursday to issue contingency plans to cope with fluctuations in global oil prices, in the light of the ongoing war between Israel and Hamas.
Prasert reportedly said he that is concerned that global oil prices will be affected if the war intensifies or drags on, as he urged the public to understand the situation and to use energy sparingly.
Meanwhile, Wattanapong Kurovat, director-general of the Office of Energy Policy and Planning, said that he expects global prices of crude oil to increase, but only for the short term, citing reports of possible peace negotiations between Israel and Hamas.
Crude oil prices have recently rebounded, after falling for several months due to concerns over higher interest rates which may impact demand.
The Office of Energy Policy and…
