from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price situation. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols were tight which were impacted by the
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and
Gas Compressor in Hydrocracking Unit. Within this quarter, refinery business recorded gains from crude and product oil price hedging contracts in the amount of THB 29 million, in contrast with Q1/2018
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from
recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also
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
of natural gas corresponding to the crude oil price in the world market, the new accounting standard (Thai Financial Reporting Standard) regarding the financial instruments (TFRS 9) and the lease
following the decline of crude price, Galoc Oil Field crude production site has an average production of 4,079 barrels per day (2,279 barrels per day net to Nido), which decreased according to the Natural