replace its catalyst from mid-July to mid-August. The unit has currently resumed operation and operates at full capacity. Despite the higher Fuel Oil yield portion during this quarter, the refinery
earlier, as traders switch their reserve stocks more towards the proportion of Low Sulphur Fuel Oil which has a lower price as oppose to Diesel fuel, and stocking supplies to readily cater to the market
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
spread (DTD/DB), and the improvement of Fuel Oil / Dubai (FO/DB) crack spread. However, due to the crude price drop in this quarter, there was an inventory loss of THB 1,010 million, leading to an EBITDA
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
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
, performance improved from both the Biodiesel Business and the Fuel Ethanol Business. However, the Biodiesel Business was still suffered from inventory loss from the declining of the crude palm oil price. The
crude oil price surged in the quarter, marketing margin soften; attributed to the retail service station prices were unable to adjust at the same pace as the rising fuel cost. In comparison with Q4/2018
respect to downward pressure from demand for Fuel Oil in the electricity production sector in Asia decreasing in Japan and Pakistan, and refineries operating at high utilization rate leading to more
previous year; B100 product sales volume rose, as the mandated mixture of B100 product in Diesel fuel was at 7% throughout the quarter, as well as gross profit was better as the crude palm oil cost used in