speculate that this new round of sanctions will reduce crude oil volume by 600,000 – 1,500,000 barrels per day; from the record high figures of crude oil exported by Iran in April 2018 at 3. 09 million

Q1/2017 increased by 10.93 $/BBL with respect to the global oil market situation tightening, after OPEC consistently followed through with their measures to reduce oil production more than the level

of 24,245 tons or down 20% caused by the shutdown for maintenance and catalyst changing in June for 20 days and a decrease in natural fatty alcohols price following crude palm kernel oil price declined

was declined to 25. 85 Baht/ kg. , a decrease of 2.06 Baht/kg. or 7% from FY2018, corresponding to crude palm oil price downward. The average EPPO P2F in 4Q2019 ( the difference between ME EPPO price

. This occurred in concurrent with an increase in Fuel oil/Dubai crack spread from the decrease of fuel oil supply, from the lowered production and exports of heavy crude from OPEC members and gradual

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

33.31 million, other income decreased Bath 45.13 million because profit sharing from investment in BBF decreased at the amount of Baht 46.65 million due to crude palm oil price drop resulting in decrease

). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to

global market decreased and crude palm oil price remained low. 4. Finance Cost decreased Baht 5.16 million or 24.54% from the corresponding period of the previous year due to a decrease in liabilities. 5

Plant, which is a part of the 3E project, led to the refinery having a more stable electrical system and also a decrease the company’s utility cost. Also, there was a gain from crude and finished product