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

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

the TAM period. However, Market GRM average per barrel in Q2/2018 improved, from a 42% YoY increase in average IK/DB crack spread, and the average GO/DB crack spread that rose more than 29% YoY

and Trading Business Group recorded an average production rate of 109.35 KBD, a level adjacent to plan, Market GRM improved from the previous quarter, while Total GRM declined, primarily due to the

million ( + 75% YoY, + 84% QoQ) , or earning per shares of THB 1. 35. The performance vastly improved mostly from the refinery business recorded high utilization rate and better GRM, as well as the power

Plc. I 4 slightly improved from the previous quarter, due to the recovery of Gasoline-Dubai crack spread (UNL95/DB) in this quarter. Moreover, the refinery was able to continuously maintain its normal

every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the

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

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

product and crude price improved, especially for Diesel which is the refinery’s main product. The gasoil-dubai (GO/DB) crack spread increased more than 16% from the previous year, accompanied by