Published by
The Bangkok Post
The Bangkok Post
Oil prices have authorities on edge Higher costs across the board The global oil price surge to US$100 a barrel as a result of the Ukraine invasion has the Energy Ministry concerned, prompting it to ensure sufficient oil and gas supply for Thailand. Brent crude oil hit $102.48 a barrel, the highest since 2014, as Russia attacked Ukraine. Some media reports speculate the confrontation will affect global petroleum supplies. Thailand has not yet seen any impact on oil and liquefied natural gas (LNG) imports because the country mostly buys crude oil from the Middle East, which accounts for 55% of …