remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
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
million. Market GRM increased by THB 1,033 million compared to Q2/2018, from the significantly higher production volume after the TAM, in tandem with the lowered crude cost; average DTD/DB spread lowered
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
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
for Gasoline lowered by almost half of its daily consumption volume due to the COVID-19 pandemic. • Jet (Kerosene) and Dubai crack spread ( IK/DB) in Q2/2020 averaged at -0.02 $/BBL, a decline of 8.48
performance. As for the oil trading business operated by BCP Trading Pte. Ltd., there was an increase in trade and transactions volume of crude oil and finished products. A result of the company moving forwards
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