oil price by 4.30 Baht/kg or down 21%, which was the same direction as the soften in Malaysian crude palm oil price (CPO-MPOB) due to high inventory. In addition, there was a pressure from soy bean oil
Dubai crude oil price in Q1/2019 adjusted downward by 4.89 $/BBL when compared to Q4/2018 in regards to pressure from diminishing crude oil demand stemming from major maintenance of refineries over in the
reproachful remarks towards Iran and accused Iran of supporting the Houthi rebels that is causing unrest in Yemen. However, throughout the quarter crude oil price partially received pressure from the amount of
is expected to be slow growth driven by tariff barriers of international trade such as an increasing of the tax on refined palm oil by India government, attributed to continuously pressure on crude
participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the
stemming from trade conflicts between China and the US has also pressured the oil market down. However, crude oil price came under pressure during December after OPEC and their alliance came to an agreement
$/BBL compared to 2018. This is due to pressure from supply build up after refineries increased production capacity during their preparation for the imminent adoption of the bunker oil with Sulphur
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
, especially those located in the United States; leading to crude reserves in the United States to decrease continuously. However, crude oil price received significant pressure from the increase in production of
when compared to Q2/2019, due to pressure from Dubai crude oil demand that increased during summer in the Middle East, combined with the deficit of Heavy crude oil supplies from Iran and Venezuela which