THB 2,436 million, as crude purchase slightly declined, and crude oil price lowered. Average Dated Brent oil price in June 2017 was 46.52 USD/BBL, compared to 53.60 USD/BBL in December 2016, also
refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price
Heavy grade crude becoming considerably harder, due to various countries having to reduce crude purchase from Iran to avoid any potential conflicts with the US. The spread between Dated Brent and Dubai
. Also, the Company foresee the growth of Biodiesel industry as the government support this kind of business as it is a clean renewable energy compare to diesel. This will help to reduce the purchase of
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
million, mainly from the decrease in the company’s Trade Accounts Payable by THB 2,247 million, from the lower crude oil purchase volume as Bangchak refinery was preparing for its turnaround annual
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
imports from Russia through the Druzhba pipeline, capable of transferring 1 million barrels of oil per day, due to contamination to the crude oil. Thus, necessitating the purchase of light sweet crude as
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
%) (Reversal of) loss on confirmed purchase orders for undelivered raw material 21 0 100% Other income 97 45 116% Total income 13,268 30,180 (56%) Expenses Cost of sale - Cost of goods sold 13,386 29,342 54