Govt 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 […]
Read MoreChuan questions whether oil hoarding is linked to recouping investment
FORMER prime minister and Democrat party-listed MP Chuan Leekpai today (April 13) questioned whether high fuel prices and hoarding could be due to the current government recouping investment in vote-buying during the Feb. 8 general election, Naewna newspaper said. He was airing his views on politics during a lively Songkran celebration at his residence […]
Read MoreUS oil benchmark jumps 8%, surpasses US$100 after failed US-Iran talks
By Agencies and published by CNA TOKYO – The US oil benchmark rebounded above US$100 a barrel on Monday (April 13) after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of […]
Read MoreEkniti unveils ‘old car for new car’ scheme to cut oil use
BEING considered is a measure to promote exchanging old cars for new electric/hybrid cars to reduce reliance on oil with this being part of the Finance Ministry’s strategy to drive economic growth, PPTVHD36 said this evening (April 10). Deputy Prime Minister/Finance Minister Ekniti Nitithanprapas said other steps include reducing officials’ study trips, topping up […]
Read MoreAnutin urged to find out if Pipat involved in hoarding of oil
By Thai Newsroom Reporters PRIME MINISTER Anutin Charnvirakul was today (April 10) encouraged to find out whether Transport Minister Pipat Ratchakitprakarn may have been allegedly involved in the illegal hoarding of oil by a politically-associated trader recently. During the second day of policy debate at parliament, People’s MP Rangsiman Rome called on the prime […]
Read MoreForeign Affairs Ministry urgently pushing Hormuz Strait deal
DEPUTY Prime Minister/Foreign Affairs Minister Sihasak Phuangketkeow said at parliament today (April 9) that his ministry is actively pursuing urgent negotiations with Iran to reach a deal on allowing Thai ships and oil tankers to pass through the Strait of Hormuz, PPTVHD said this evening. Iran has requested specific details about each vessel and […]
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