Thailand, extending the capacity and strengthening business operations, and at the same time supporting raw materials and related products; leading to opportunities for growth in the future. Pre
drought of Heavy grade crude supplies from Iran and Venezuela working in tandem as catalyst for Dubai’s crude price to rise. Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
East’s Summer combined with lack of Heavy grade crude supplies from Venezuela that served to reinforced the Dubai crude price increase. Management Discussion and Analysis of Business Operation for 2Q/2018
prior announcement that he wants Iranian total oil exports to be zero. Further, OPEC and its alliance have come to an agreement to lower crude production, as a way to compensate for missing supplies from
increased to an all-time high from the past 3 years, as well as market sentiment fearing for the prospect of trade war after the US increased import tax of various raw materials, which would inadvertently
every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the
participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the
and doubtful debts 486 - 100% Reversal of loss on confirmed purchase orders for undelivered raw materials 21 - 8,817 -100% Reversal of loss on impairment of investment in subsidiaries - - Reversal of
oversupply situation of light sweet crude, whereas supplies were tight during the previous year. Average DTD/DB in Q1/2019 reduced 0.79 $/BBL in comparison to Q4/2018, caused by lower supply of heavy crude oil