Tags : Barrel


Thai Oil: Retail oil prices may be adjusted this week

BANGKOK, 6 August 2012 (NNT) – Thaioil Public Company Limited( PTT) has warned that local retail oil prices may be adjusted upward this week, after the global oil price shot up 3-4 US dollars per barrel on Friday. The PTT reported that the crude oil price for delivery in September at West Texas Intermediate (WTI) […]Read More


Coastal makes new find in Gulf of Thailand

StockMarketWire.com – Coastal Energy has revealed a new discovery at Bua Ban North in the Gulf of Thailand. Coastal said the Bua Ban North A-03 exploration well was drilled to 5,346 feet TVD and made a discovery in the Miocene interval. The well encountered 125 feet of net pay with 28% average porosity. The A-03 […]Read More


Thai Economy Threatened by Inflation, Says World Bank Official

A World Bank economist in Thailand is warning even if tensions ease in the Middle East, oil prices will remain high due to high demand from China, India and other industrialized countries. High oil and commodity prices are contributing to inflation, which is now seen as a key concern in Thailand and throughout the region. […]Read More


Rising oil prices turn into Thai Airways’ biggest headache

BANGKOK (eTN)- Despite a tough year 2010 plagued by political turmoil in Thailand, the closure of the European air space consequent to volcanic activity in Iceland in April 2010, Thai managed to increase total revenues and its net profit in 2010 despite rising expenses (up by 10.6% over 2009). Last year, total revenues were up […]Read More


Australian Oil Company Begins Drilling in Phichit

An Australian company has begun an oil drilling operation in Phichit province where they expect to find deposits containing approximately 16.6 million barrels of crude oil. Deputy Prime Minister Sanan Kachornprasart, Australian Ambassador to Thailand James Wise and Governor of Phichit province Suwit Watcharoteyangkul presided over the ceremony to commence drilling at the CVN5 oil […]Read More


Oil Prices in Thailand will not be higher than 40

BANGKOK, 06 October 2010 (NNT) – The Department of Energy believes that oil retail prices in the country this year will not be over 40 baht/liter, even though global oil prices tend to go up in the winter. Mr. Tawarat Sutabutr, Deputy Director General of Department of Renewable Energy and Energy Conservation said the reason […]Read More