SECURITIES AND EXCHANGE COMMISSION, THAILAND ANNUAL REPORT 2014ANNUAL REPORT 2014 CONTACT INFORMATION This report can be downloaded from www.sec.or.th For more information about this report, please contact: SECURITIES AND EXCHANGE COMMISSION, THAILAND 333/3 Vibhavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok, Thailand 10900 Tel. 1207 or +66 2695 9999 e-mail: info@sec.or.th This 2014 Annual Report is about policies, strategies and performance of the SEC. We aim to supervise and develop the Thai...

6.90 11.00 14.32 -3.32 12.75 -1.75 FO/DB 2.36 (16.57) (7.30) (18.59) 11.29 0.54 -7.84 Crack Spreads Analysis  Gasoline and Dubai crack spread (UNL95/DB) in Q1/2020 averaged at 6.54 $/BBL, a decline of

Prioritise Advancing the Best Interest of Clients 40 Principle 3 Make Informed Investment Decisions and Engage in Active Ongoing Monitoring of Investee Companies 42 Principle 4 Apply Enhanced Monitoring of and

China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery

หรือผลิตภัณฑ์ที่ขายให้ลูกค้า ก๊าซเรือนกระจก (GHG) ที่เกี่ยวข้องกับการด าเนินธุรกิจ ของ กลุ่ม ปตท. ก๊าซเรือนกระจกที่เกิดขึ้น จากการซื้ อ ไฟฟ้าแล ะ พลังงานความร้อนจาก ภายนอก Natural Gas LPG Gasoline Diesel

synergy benefit of ~20 $M with cost optimizations.  Integrated EO profitability were impacted due to poor oilfield demand and slowdown in construction sector though margins remain intact.  Poor Gasoline

responsive to the different needs of market participants without unfairly advancing the interests of any particular group to the disadvantage of others;  Promptly deal with identified issues and misconduct

16.68 13.75 15.34 12.37 2.97 14.34 1.00 13.52 14.57 -1.06 FO/DB 14.68 -8.81 1.11 -2.34 3.45 -2.48 3.59 -0.21 -3.96 3.75 Crack Spreads Analysis  Gasoline and Dubai crack spread (UNL95/DB) in Q3/2019

started producing more gasoline products. When compared to Q1/2017, Mogas/Dubai crack spread (UNL95/DB) decreased by 0.53 USD/BBL. In Q2/2017 the crack spread faced pressure from excess supply; especially

the buying of Mixed Xylene (MX) as feedstock to Paraxylene, we have been able to create a natural hedge. MTBE and MX, both being gasoline blend components, have very similar price points with over 90