Middle East war threatens energy crisis worse than 1970s oil shocks
TEHRAN – The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency (IEA) warned on Monday (March 23), as Israel launched fresh strikes on Tehran and threatened weeks more fighting. As the war grinds into its fourth […]
Read MoreLarge amount of fuel seized in raid on secret warehouse at border
UPON being alerted by residents of Mae Sot district, just opposite Myanmar’s Myawaddy township, that a large fuel truck had parked at a secret location on the bank of Moei river, authorities quickly went there to investigate and were surprised to find that aside from the truck carrying 20,000 litres of diesel more fuel […]
Read MoreDSI raids Phra Khanong oil depot to check distribution
A DEPARTMENT of Special Investigation police team inspected PTT’s oil storage depot at Phra Khanong today (March 21) to ensure its distribution to petrol pumps is in accordance with market mechanism following Prime Minister Anutin Charnvirakul’s order that all oil storage facilities nationwide be checked, Naewna newspaper said. Mr. Chatchai Khunlohit, deputy director-general of […]
Read MoreTrump urges world powers to secure Iran shipping lane
By AFP and published by CNA WASHINGTON – US President Donald Trump urged other nations to help secure a vital shipping lane choked off by the war with Iran that showed no signs of slowing on Saturday (Mar. 14) as strikes hit the US embassy in Baghdad and a major Emirati energy facility. Two […]
Read MoreFishermen bringing small boats to petrol pumps to fill up amid jerrycan ban
FISHERMEN in southern Satun province have resorted to transporting small boats on motorcycle sidecars to fill up at petrol pumps amid a ban on selling oil in jerrycans, TV Channel 7 and Workpoint News said today (Mar. 14). Many filling stations have limited cars to a maximum of 1,000 baht worth of oil and […]
Read MoreThailand has crude oil reserves for another 98 days
IN ALLAYING fears about oil shortage, Deputy Prime Minister-cum-Transport Minister Phipat Ratchakitprakarn confirmed that the country has sufficient crude oil reserves for 98 days while the price of diesel will stay fixed till Monday (Mar. 16), TV Channel 7 and PPTVHD36 said today (Mar. 13). As the 15-day freezing of diesel price is expiring […]
Read MoreBoth sides trade strikes and threats as the Iran war approaches the two-week mark
By Reuters and published by The Straits Times DUBAI/BEIRUT– The leaders of Iran, Israel and the United States all voiced defiance and vowed to fight on as the Middle East war approached the two-week mark on Friday (Mar. 13), killing thousands of people, disrupting the lives of millions of others and shaking financial markets. […]
Read MoreCabinet nod for work from home for govt agencies, state enterprises
By Reuters – published by MSN.com and Naewna IN COPING with the energy crisis triggered by the US-Israel war on Iran, the Cabinet today (Mar. 10) instructed government agencies and state enterprises to immediately implement work from home measures for tasks that do not affect public service and suspend overseas study trips and training […]
Read MoreMyanmar man held for smuggling oil across the border
AFTER A Myanmar man was caught trying to smuggle oil from Kanchanaburi’s Sangkhlaburi district to Payathonzu border town where there is a dire shortage local officials imposed strict control on sale and storage of fuel, TV Channel 7 said today (Mar. 10). At 9.30 p.m. last night Mr. Suriyasak Mueang-aum, Sangkhlaburi’s district chief, was […]
Read MoreNew govt urged to build energy security amid stagflation fears
AS energy shortages may occur during the current US-Israeli war on Iran, with this being a weak point of the Thai economy, the main challenge for the new government will be building energy security and coping with rising energy prices, People’s MP Anusorn Tamajai said today (Mar.8). Amid the looming energy shortages there is […]
Read More