Oil experts from national oil and gas conglomerate PTT Group estimate global oil prices will range between US$45-55 per barrel next year as the global economy is recovering.
Thursday’s prices stood at $49.
A $1 change in crude oil prices will alter Thai retail oil prices by 0.15-0.2 baht per litre if taxes stay constant, energy officials said.
PTT’s latest oil price outlook is based on oil demand next year, which is expected to rise by 5.3 million barrels per day (MBD) while the global oil supply will increase by 1.8MBD.
Strategic planning expert Kanin Bodipat of PTT Exploration and Production Plc said the estimate assumes control of Covid-19, a global economic…
