still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and

effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group

to the electricity outage in July last year, and higher ECH volume from greater demand of China, Taiwan and two Indian key accounts. Analysis of Cost and Expenses 1. In Q3 2017, Cost of sales was 3,931

the spread of COVID-19, the company has prepared measures to ensure stability of the electricity and utilities systems, for example: the Business Continuity Plan: BCP, safe house preparation for field

Japan. Electricity sales in this quarter was 82.48 million kWh (+21% YoY, +14% QoQ). In Thailand, electricity sales increased from the commencement of the Solar Co-op projects, while average irradiated

2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging

China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery