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
/2017, the Galoc oil field production had an Uptime of 99.98% and an average production rate of 3,858 barrels per day (2,156 barrels per day net to Nido). The details of crude oil sold in Q3/2017 are as
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
revenue increased due to Dubai crude oil price adjusting upwards more than 45%, with average Dubai price in Q2/2018 was at 72.07 $/BBL while in Q2/2017 it was at 49.68 $/BBL. The total sales volume net to
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
locations across the country. In terms of Net Marketing Margin, it declined from the previous year resulting from crude oil price in the global market increased during Q1/2019 and Q4/2019, and B100 product
cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management
, the Galoc oil field production had an Uptime of 99.92% and an average production rate of 4,079 barrels per day (2,279 barrels net to Nido). The details of crude oil sold during the quarter are as follow
as the crude oil price and oil product price was higher. Other long term investment decreased by THB 1,917 million, primarily from the change in net fair value changes in available- for- sale
included (Reversal of) losses on inventories devaluation (NRV) 2/ Sales volume does not include oil swaps between major oil companies (petroleum traders in accordance with section 7) and sales of crude oil