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PTT to get better income next year, oil price touches $ 40-50
Date 09 Nov 2020 Time 09:57
PTT marks the world economy in 64 years responding to “Biden” the president of the United States. Trade War Unlock
Mr. Athapon Rerkpiboon CEO and President Putt Public Company Limited revealed that the 2021 revenue trend has improved compared to this year. After estimating the price of crude oil it moves within the range of 40-50 USD / barrel. In an uptrend, but not much from an average of $ 41-42 / barrel this year. While sales volume is likely to increase, the direction of the economy is expected to rebound after Joe Biden won the US presidential election. And if there is a COVID-19 vaccine, going out and doing it will alleviate the COVID-19 situation.
In addition, the case of Mr. Joe Biden that the new president of the United States. Have an attitude of compromise It will facilitate the trade war between the United States and China. Include policies to support renewable energy instead of fossil energy Must produce oil or natural gas. What’s the least fossil fuel in America? It will be good for the price direction that will adjust to equilibrium. In addition to the tax policies of high-income people and the shift to lower wages, it will stimulate the Thakarak group to have more purchasing power, which is good for the growth of the economy.
However, Biden’s fiscal policy may weaken the US dollar and result in the appreciation of the baht, which may offset the better world economy, will also support Thai exports.
Athapon said that the price of crude oil next year will remain at the level of 40-50 dollars a barrel. This will also be used as an assumption to prepare the PTT budget and work plan. Preparing to bring the 5-year work plan and investment budget (Years 64-68) to the PTT Board for consideration in December
Regarding the situation, the demand for gasoline and diesel resumed after consumption slowed down during the COVID-19 situation. Meanwhile, jet fuel still recovered less than 50%. In the past, PTT Group managed oil production in all 3 refineries to achieve the highest efficiency. By allowing Thai Oil Company (TOP) to produce only one jet fuel at this time PTT Global Chemical Company (PTTGC) and IRPC Company (IRPC) do not currently produce jet fuel.
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