Thai economists worry about effect of Israeli-Hamas conflict on oil price

Thai economists have expressed concern that an escalation of the Israeli-Palestinian conflict will impact global oil prices and may push crude oil up to US$95 per barrel, which will further…

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Thai Energy Ministry will try to keep diesel at ฿31.94/litre until year-end

The Ministry of Energy will try to freeze the pump price of diesel fuel at 31.94 baht/litre until the end of the year, even though the 5 baht/litre excise tax…

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U.S. President Joe Biden meets with German Chancellor Olaf Scholz, French President Emmanuel Macron, Italian Prime Minister Mario Draghi and British Prime Minister Boris Johnson alongside the G7 leaders summit at Bavaria’s Schloss Elmau, near Garmisch-Partenkirchen, Germany June 28, 2022. REUTERS/Jonathan Ernst

G7 agrees to explore cap on Russian oil price

SCHLOSS ELMAU, Germany, June 28 (Reuters) – The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to…

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Energy minister insists diesel price already frozen below market price amid protest

Energy Minister Supattanapong Punmeechaow said today that the government has already frozen the pump price of diesel at 30 baht per litre, without which the price would have increased to…

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OPEC to try to stem oil price plunge amid coronavirus slowdown

The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the…

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