Deposits
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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).
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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
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Updated the key Industry Indicator: Refinery in each industry.By Aphinya Khanunthong
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Updated the key Industry Indicator: Refinery in each industry.By Aphinya Khanunthong
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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,
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Thai oil refining sector is expected to see continuing growth over the next three years domestic
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Oil refining is a large-scale, technology-intensive industry which utilizes large amounts of capital to exploit economies of scale
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Contains biodiesel, ethanol, oil refinery, power generation and more
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UKRAINE CRISIS IMPACTS ON 2022 INDUSTRY OUTLOOK
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