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Results for "petroleum" found 68 items
In 2026, Thailand’s petroleum refinery business should benefit from the sharp increase in global crude oil prices during the first half of the year, which significantly supported the average gross refining margin (GRM).
Recent news reports suggest COVID-19 may be transitioning from a regional public health crisis to a global pandemic
Refineries can look forward to an improving business environment over 2024 to 2026. Domestic demand for refinery products will be boosted by an uptick in economic activity, particularly in e-commerce sales and the tourism sector. The industry will also benefit from increasing connectivity in trade and investment across the ASEAN region
Middle East tensions show no signs of easing, posing risks to global and Thai economies. China prioritizes quality-driven growth.
Houthi escalation in the Red Sea intensifies the war, while Thailand’s exports are set to slow amid Middle East tensions.
The oil refining industry is expected to continue growing in 2025-2027, supported by the increasing domestic demand for refined oil, which is projected to grow by an average of 2.0-2.5% annually. This growth is driven by the gradual recovery of economic activities,
For 2027–2028, feedstock cost pressures are expected to ease somewhat as naphtha prices decline. Meanwhile, a gradual recovery in the global economy and demand from downstream industries should support improvements in the prices and spreads of several petrochemical products. However, spread recovery will remain constrained
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