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작성자 까마 (121.♡.87.158) 댓글 0건 조회 72회 작성일 22-11-03 12:17

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[THAILAND ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important THAILAND economic news to share with you which is as mentioned
under.

Domestic fuel prices look set to remain high for Thai consumers, with the global outlook for
oil prices looking increasingly high.

The decision by Opec+ to cut oil output was slammed as “short-sighted” by US President Joe
Biden, with many market analysts anticipating oil prices to rise beyond US$100 per barrel
imminently.

Thailand’s Oil Fuel Fund Office (OFFO) said even the potential for a widespread economic
recession is unlikely to dampen fuel prices, particularly with the continued lack of supply to
Europe from Russia and the need for diesel and bunker oil to help generate electricity through
the cold winter months ahead. Wisak Watanasap, director of OFFO, said plunging
temperatures would ramp up electricity demand and therefore keep crude oil prices high.

Both diesel and petrol are therefore expected to remain expensive at the pumps for Thai
motorists. The price of diesel per litre has sat at around 34.9-35.00 baht since the middle
of the summer. That’s despite crude oil reference values from Dubai plunging to $82.92 per
barrel in recent weeks – down from its $175.80 per barrel peak in June.

When it comes to hard commodities, oil is one of the most influential resources traded in
Thailand, both by businesses and retail traders alike. If you’re wondering what a hard
commodity คือ, it’s an asset that’s not available above ground without the need for
extraction or mining. Alongside oil, the likes of copper, iron ore and rubber are some of
the most popular hard commodities in Thailand and elsewhere in south-east Asia.




Read more at: https://www.thailand-business-news.com/economics/93650-thai-motorists-unlikely-to-see-respite-in-domestic-fuel-prices

KAMA GROUP
New Delhi
Have a nice day 

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