Govt to reduce oil excise taxes if global price hits US$ 70-80/barrel

By k on July 31, 2009

BANGKOK, 31 July 2009 (NNT) – Oil excise taxes may be reduced if the global oil price increases to 70 to 80 USD per barrel, according to Finance Minister Korn Chatikavanij. Mr Korn said the Government would consider decreasing the oil excise taxes to help relieve burdens of people as the global oil price was [...]

Dr. Anusorn: Bangchak pegs its retail prices of domestic oil products for next few days

By k on June 9, 2009

BANGKOK, 9 June 2009 (NNT) – Bangchak President Anusorn Saengnimnuan divulged that his company would peg retail prices of its oil products for next few days, while expecting that crude price could hit US$70-80 a barrel in the third quarter. With the price hike of crude in the global market, Dr. Anusorn said it would [...]

Oil fund not to shoulder oil price more than 4 months

By k on June 1, 2009

BANGKOK, 1 June 2009 (NNT) – Energy Minister MD Wannarat Channukul affirmed that the rising price of oil depended on the global marketing mechanism while stating that the oil fund could only shoulder the oil price for not more than four months. The Energy Minister said the current rising oil price was according to the [...]

OPEC Unlikely to Announce New Output Cut in May

By k on May 25, 2009

The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world’s oil, is unlikely to announce a further output cut at its next meeting as prices “stabilize,” according to Barclays Capital.