OR prepares for oil price volatility later this year

OR is closely monitoring a possibility that major economies will enter a recession this year, which will weaken people’s purchasing power.

PTT Oil and Retail Business Plc (OR) is bracing for possible challenges caused by oil price fluctuations and a global economic slowdown that could affect the company in the second half of this year.

Though the company benefited from the full reopening of Thailand, it is staying alert to the prolonged Russia-Ukraine war, which was blamed for driving up global prices of oil, gas and coal last year, said Wilaiwan Kanjanakanti, OR’s senior executive vice-president for finance.

OR is also monitoring the possibility that major economies will enter into recession this year, which would weaken…

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