Published by
The Bangkok Post
The Bangkok Post
Soaring global oil prices are not expected to exceed US$100 per barrel despite worries over supply disruptions caused by conflicts in exporting countries, says national oil and gas conglomerate PTT Plc. Conflicts in several regions have made some oil traders uneasy, including a dispute between Russia and Ukraine, an attack by Yemeni rebel groups on the United Arab Emirates and a row between Iraq and Turkey. If the situations do not escalate, global oil prices should stand between $80 and $90 per barrel, said Auttapol Rerkpiboon, chief executive and president of PTT. He said this range reflects…