growing. In January – May 2018, the company was able to increase its motor fuel retail sales volume by 7% YoY, while the total industry’s service station sales volume grew only 3.1%. This resulted in 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
a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and
due to its low season.The company still retained its second highest rank in retail market, with a growing market share. The cumulative market share from January to August 2018 was 15. 8% . The number of
the COVID-19 outbreak result of crude premium to adjust downward with significance. Despite the finished product and reference crude price crack spread for most products had been declining continuously
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
Analysis The Mogas/Dubai crack spread (UNL95/DB) in 2017 was averaged at 14.85 $/BBL, an increase of 0.02 $/BBL compared to 2016, this is due to growing demands from China and India with respect to the
of tire-cords to the global tire industry which is growing at healthy rates. Feedstock now contributes to around 50% of the earnings, making it the single largest segment, and provides IVL the
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, a 9 .74% or Baht 37.72 million growing up from the same period of previous year. The hospital revenues grew by 10.04% mainly due to the increase in medical service income from Social Security