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
transaction of 4.55 million barrels. The majority of trade consist of gasoline, crude oil, fuel oil, and Naphtha. The higher earning stemmed from the procurement of finished product for the refinery during TAM
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
. In Q4/2018, BCP Trading Co. , Ltd. recorded decline in revenue by 11% from Q3/2018, stemming from the downward spiral that the price of crude oil and finished product underwent during November to
. Total revenue from sales of goods and rendering of services was THB 39,009 million, increased by 6% YoY, mainly from finished product price increase that coincide with the rise of global crude oil price
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
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
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
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