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Manoon Siriwan, an energy expert, revealed that national retail oil prices this week There is a trend to decrease by 50-60 satang per liter due to the low price of oil in the world market. Due to oversupply of oil But in May The world market price of crude oil is expected to rise slightly to $ 31-35 per barrel. Currently at $ 30 per barrel At which oil prices will begin to be more stable The country’s retail oil price is likely to increase by no more than 1 baht per liter, because the oil-producing countries (OPEC) and The alliance reached a preliminary agreement to cut production in May. 9.7 million barrels per day Compared to April
However, the trend in oil prices has not yet risen to the high level at the end of last year, at around $ 60 per barrel. Because the demand for oil in the world market is not yet very high. The world economy is still not good. And you should see the agreement between OPEC and its allies Although the basic agreement has been reached But I have yet to contact
Wattanapong Kurovat, director of the Office of Energy Policy and Planning (EPPO), said that EPPO monitors the situation of world oil prices during April 6-12, 2020, slightly above OPEC and its allies. Initial agreement to reduce production until 2022, but the market has not yet escaped the problem of excess oil. The basic agreement between OPEC and its allies will reduce oil production. May – June 2020 will reduce production by 10 million barrels per day As for July-December 2020 it will decrease by 8 million barrels per day And during January 2021 until the end of April 2022 it will decrease to 6 million barrels per day. While Saudi Arabia and Russia agreed to reduce production capacity by 2.5 million barrels per day.
“Analysts estimate that the reduction in oil production by the OPEC Plus group is to include other producers. It will not be enough to free the market from the problem of oversupply of oil. According to the latest Covid-19 virus outbreak, Trafigura predicted that in April, Oil demand will drop to about 35 million barrels per day. Due to the effects of the virus. In addition, the fall in oil prices may cause the energy industry in the United States to face the problem again, “he said. Watanapong.
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