PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis
Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as oil futures to achieve effective cost management.
Russian troops amassed on the Ukrainian border for months before the war started on February 24, sparking concerns over international energy security as Russia ranked the world’s third-largest crude oil producer.
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