New attacks on shipping as Iran war talks hit fresh impasse
– By Reuters and published by US News & World Report DUBAI: The US and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday (Aug. 11) as prospects for ending the Iran war appeared to dim, with Tehran saying the Strait of Hormuz would remain closed unless Washington accepts its conditions. The attacks, in […]
Read MoreThailand able to cope with oil and LNG price volatility
AMID volatility of oil and liquefied natural gas (LNG) prices globally the Energy Ministry confirmed that as of July 30 Thailand has sufficient oil reserves for 101 days with several measures being implemented to mitigate the impact of higher oil prices and electricity costs on the public, PPTVHD36 said today (July 31). Mr. Veerapat […]
Read MoreBrent falls below US$75 as Nasdaq drops for third straight day
By AFP and published by CNA NEW YORK: Oil prices retreated on Wednesday (June 24) to their lowest levels since the start of the United States-Iran war while tech shares continued to show weakness on a mixed day for global stocks. Brent crude dropped below US$75 a barrel for the first time since the […]
Read MoreTrump says Strait of Hormuz to reopen on Friday under US-Iran deal
By Reuters and published by CNA TEHRAN: United States President Donald Trump said on Monday (June 15) that ships were again moving through the Strait of Hormuz and the vital oil route would be “completely open” by Friday, after Washington and Tehran announced a deal to end the Middle East war. The reopening of […]
Read MoreOil touches 2-week high after drone attack on UAE nuclear power plant
By Reuters and published by The Star SINGAPORE: Oil prices extended gains on Monday (May 18) as efforts to end the US-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options […]
Read MoreGovt urged to quickly initiate serious energy conservation steps
AS A prolonged closure of the Strait of Hormuz, lasting over eight weeks, is pushing the world toward an energy lockdown rather than just soaring prices, the Thai government should implement serious energy conservation measures before a forced shutdown occurs, which could be too late, PPTVHD36 quoted TISCO Economic Strategy Unit (TISCO ESU) as […]
Read MoreGovt working on ensuring sufficient palm oil supply for domestic use
WITH an increase in the use of palm oil for production of B7 and B20 biodiesel the Commerce Ministry this morning (April 20) said the entire system is being balanced to ensure sufficient supply for domestic use while simultaneously maintaining price stability for the benefit of farmers, PPTVHD36 and Thai Rath newspaper said. Mr. […]
Read MoreOil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
By AP and published by Yahoo!News NEW YORK – Oil prices dropped back to where they were in the early days of the Iran war, and US stocks raced to another record on Friday (April 17) after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian […]
Read MoreMiddle East conflict hits Phang Nga tourism – hundreds of tour boats sitting idle
THE Middle East conflict has led to tourism in southern Phang Nga province declining with hundreds of tour boats sitting idle at Surakul pier, aka Kasom pier, in Takua Thung district which is a popular departure point for tours of Phang Nga Bay, Naewna newspaper said today (April 16). Ms. Chotimont (surname withheld), manager […]
Read MoreHow a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy
By AP and published by Yahoo!News A BLOCKADE of Iranian ports that US President Donald Trump said began Monday (April 13) could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose […]
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