maintenance (TAM) (from 30 April – 13 June 2018). However, average crude run for the year was in accordance with the target at 102.39 KBD (85% utilization rate), and achieved its all-time high monthly average
OPEC members to lower the production quantity of crude oil, as to stabilize crude oil price. As well as Saudi Arabia’ s desiring to keep oil price at high levels, the rise in oil price levels is
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
drastically decreased from the same period of the previous year following the dip in Crude Palm Oil price, a result of the high Crude Palm Oil stock and rigid exportation of the product; due to Malaysia’s tax
increased to an average level of 70.95 $/BBL in April, and proceeds to decline during the middle of May to early June. Thus, price of Dubai crude oil at the end of June was 61.76 $/BBL leading the refinery
Discussion and Analysis | 2 Executive Summary In quarter 3/2017, palm oil production both in Thailand and International Market continuously remained high after the impact from El Nino has ended. Thailand crude
(Bhatt, 2014) •Can be used to purchase goods or services •High security features •Decentralized finance •High potential and Second Life or Maybe equivalent to the social network Web 2.0 (Guadamuz and
previous quarter. However, the company was still impacted by the COVID-19 epidemic. The price of crude and finished product remain at low level. As such, average price of Dubai crude in Q2/2020 was at 30.72
increase of domestic production and inventory level of crude palm oil, the government decided to increase the biodiesel mandate from B5 to B7 on May 8, 2017. More than that, seasonal impacted to higher yield
crude which provided high yield of Jet fuel and Diesel was left in a state of oversupply. 12 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | Crack Spreads