The war between Israel and Hamas is not affecting Thailand’s energy reserves, according to the country’s main petroleum firm PTT. The company said the current surge in energy price is a short-term effect, with the overall price likely to move up slightly from prior to the war.
The company is expecting the overall energy price in the global market to settle at a rate that is 2 dollars per barrel higher than what the price was prior to the war, while deeming the recent price surge a short-term psychological effect.
PTT’s CEO Auttapol Rerkpiboon revealed the current situation is not concerning, should there be no prolongation or spillover.
PTT has been ensuring a sufficient level of oil and gas reserves, while the company is able to source fuel from…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.