, without much change to the selling price. 2. Gross Profit was recorded at THB 3,559 million, increased by 22% YoY and 51% QoQ, mainly attributed to the refinery business of which GRM increased to 8.18 $/BBL
63% YoY and 16% QoQ, mainly attributed to the refinery business in Q2/2018 where Total GRM increased to 12.82 $/BBL (Q2/2017: 4.18 $/BBL, Q1/2018: 6.37 $/BBL) Management Discussion and Analysis of
of the Saudi Arabian refineries on 14th September 2019; causing supplies to tighten within the region. Gasoline and Dubai crack spread (UNL95/DB) crack spread increased 0.12 $/BBL compared to the
Q1/2017 increased by 10.93 $/BBL with respect to the global oil market situation tightening, after OPEC consistently followed through with their measures to reduce oil production more than the level
recorded at THB 13,543 million, increased by 14% YoY, mainly attributed to the refinery business. In 2017, Total GRM was 7.23 $/BBL an increase of 0.70 $/BBL when compared to 2016. The refinery business
oil production reduction, which left the global OECD oil stock falling below its 5 year average. Dubai crude price in Q3/2018 on average increased by 2.15 $/BBL when compared to Q2/2018 which was due to
, leading to higher supplies in the region. Gasoil/Dubai crack spread (GO/DB) in Q2/2017 was averaged at 11.34 USD/BBL, increased by 0.81 USD/BBL, compared to Q2/2016, with respect to a rise in demand from
50.21 68.81 12% -8% 54.19 71.31 32% DTD/DB 1.95 0.94 3.89 -3.41 0.52 -74% -45% 1.05 1.66 58% Crude Oil Price Situation Average Dubai crude price in 2018 increased by 16. 51 $/BBL when compared to 2017
increased to an average level of 70.95 $/BBL in April, and proceeds to decline during the middle of May to early June. Thus, price of Dubai crude oil at the end of June was 61.76 $/BBL leading the refinery
4.32 -1.83 1.05 0.74 0.30 0.52 0.53 0.70 1.66 -0.96 Crude Oil Price Situation Dubai crude price in Q4/2019 on average, increased by 0.78 $/BBL compared to Q3/2019. This is supported by the efforts of the