National oil and gas conglomerate PTT Plc plans to cope with US tariffs and a dip in global oil prices by reducing expenses and increasing operational efficiency to boost profits. Washington's trade policy is expected to cause a sluggish economy, eventually leading to lower demand for refined oil products, notably diesel and fuel oil, in the industrial sector, said Nuttapol Nopparatwong, vice-president for commercial planning at Thai Oil. Mr Nuttapol said the average GRM should increase from $3.5 per barrel in the first quarter, attributed to a lower supply of refined oil as refineries in the US and Europe are expected to exit the business as facilities end their service life or face financial problems.
Author: Yuthana Praiwan
Published at: 2025-05-21 22:27:00
Still want to read the full version? Full article
