investment. Since the crude oil prices gradually increased in line with the global economic recovery and OPEC continued its descending crude oil production. This affected the Company’s raw material prices
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
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
oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained
Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude
Yemen, Lebanon, and sabotage on the oil pipeline in Bahrain. Also, the International Energy Agency (IEA) forecasted that the reduction of production rate between OPEC members since January 2017 to March
Analysis | 2 Executive Summary In 1Q2018, Domestic palm oil production has increased as well as in other countries after the drought occurred in FY2016, consequence to lower Crude Palm Oil(CPO) prices and
Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices
average selling price in this quarter decreased when compared to the previous quarter, following the decline of global crude oil price. The Galoc Oil Field recorded an average production rate of 3,858
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