IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET

experiencing sharp decline of global crude price between November to December 2018. 3. BCP T r a d i n g Pte., Ltd. increased its revenue by 37% from Q4/2018 from increased trading transaction of petroleum

million, resulting from the sharp rise in average crude oil price during the quarter, while in Q2/2017 recorded an inventory loss in the amount of THB 1,010 million (included LCM of THB 7 million). Average

) expects the Thai economy to contract by 6.7 percent. The main factors driving the economic downturn are the contraction in exports of services, predominantly tourism revenues following the sharp fall in the

management and portfolio quality improvement, our RM teams are always on hand to offer our customers advice on sophisticated investment products and hold financial activities that provide increased

whole entire year.  The refinery business had an inventory loss of THB 1,489 million (including lower of cost or market (LCM) THB 689 million) from the sharp decline of crude oil price in the global

quarter, which has led to retail prices at service stations aligning at an appropriate level to the cost of finished oil products. While marketing margin in Q2/2018 was highly affected by the sharp rise in

appreciated. Whereas in 2018 inventory loss was recorded at THB 1,489 million (including lower of cost or market (LCM) THB 689 million) due to the sharp decline of crude oil price in the global market between

the COVID-19 crisis that has spread across various countries in the world. This has caused crude oil price in the global market to sharp deteriorate since late Q1/2020 continuing into Q2/2020

the previous year. As Q3/2018 experienced sharp spikes in global crude oil price, coupled with the government measures to appoint retail Diesel price ceiling at THB 30 per liter, resulting in a