Oil fluctuates Price increases for all types, this May 6 The European Public Prosecutor’s Office indicated that LNG decreased.

Oil fluctuates Price increases for all types, this May 6 The European Public Prosecutor’s Office indicated that LNG decreased.

News reports that Thai Oil Public Company Limited has reported weekly analyzes of the oil situation. Between May 4-8, West Texas crude prices will move between $ 16-21 per barrel. While Brent crude moves in a frame of 23-28 dollars per barrel. Crude oil prices tend to be stable at a low level. Due to the demand for oil it is still under pressure from the spread of the Covid-19 virus and the volume of crude oil is continuously increasing. The market is concerned that the amount of US oil inventory. USA It will soon have full capacity. Furthermore, the market expects the agreement to reduce the production capacity of 9.7 million barrels per day. In May, OPEC and allied nations will not be able to offset the impact of strong oil demand. However, as many governments have prepared to facilitate measures to close cities like the United States and Spain, the demand for oil may tend to increase somewhat.

However, news reports indicate that the result of crude oil prices have increased slightly over the past week. It has caused PTT Oil and Retail Public Company Limited (OR) and Bangchak Corporation Public Company Limited to increase retail sales of all types of gasoline and gasohol by 0.30 85 baht per liter, except for an increase of 0.15 baht per liter and all types of diesel increased by 0.50 baht per liter, effective as of May 6

Watthanaphong Kurovat, director of the Office of Energy Policy and Planning (EPPO), said that EPPO has monitored the situation of natural gas prices and discovered that liquefied natural gas (LNG) prices this week. It fell last week at $ 0.297 per million BTU. At the level of $ 2,016 per million BTU Of gas demand In the Asian region that was affected by the Covid-19 outbreak Although China began to open the country and began to revive the economy. But the demand for gas in the industrial sector is still at a low level. At the same time, Japan has a limited demand for gas, including that the buyer is trying to obtain a ship from a long-term contract in accordance with the terms of the contract. Resulting in lower purchase demand

Wattanapong said that due to the retail price of natural gas for vehicles (NGV) stations within a radius of 50 km from the mother station. From April 16 to May 15, 2020. Private cars cost 15.31 baht per kilogram. Public buses cost 10.62 baht per kilogram. For the children’s station far from the mother station, the price is 19.31 baht per kilogram, not including the PAO tax. As of March 31, 2020, the amount of NGV sales is 4,390 tons per day, or around 180.00 million cubic feet per day. And have a total of 511 CNG service stations