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 [...]
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 [...]
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 [...]
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.
