, especially those located in the United States; leading to crude reserves in the United States to decrease continuously. However, crude oil price received significant pressure from the increase in production of
and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude
million, chiefly from crude oil and oil products reserves, after the gas compressor unit within the hydrocrack unit was subject to maintenance. Other current assets increased THB 118 million, mainly
, mainly from the company’ s prepaid excise tax of THB 367 million. Inventory increased by THB 3,600 million, mainly from the higher crude oil and oil product reserves volume by about 0.6 barrels, as well
buying VAT amount was higher than selling VAT amount by THB 378 million. Inventory increased by THB 5,937 million, mainly from the higher crude oil and oil product reserves volume, as well as their
of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run
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
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly