House panel OKs bill amending Oil Deregulation Law
The House committee on energy approved Tuesday the bill amending the Downstream Oil Industry Deregulation Act as fuel prices continue to rise. During its online meeting, the committee approved the measure, also known as the Oil Deregulation Law, “subject to form and style.”
Thailand confirms LPG hike as govt scrambles to soften impact of soaring energy prices
Prime Minister Gen Prayut Chan-o-cha has ordered government agencies to find ways of softening impacts on the public of soaring energy prices and present them at Tuesday’s Cabinet meeting.
In a Kingdom far away, effects of the war are starting to be felt
Cambodia grapples with an impending inflation hike as oil price and US dollar surge amid the crisis Ripples created by the Russia and Ukraine war are starting to wash ashore in Cambodia. A net oil importer, the Kingdom is being gripped by surging oil prices as well as the US dollar strengthening on the back […]
Gasoline to hit P86.72 per liter, diesel at P81.10 if global prices continue to rise -DOE
Local pump prices per liter of gasoline could hit as high as P86.72 and diesel at P81.10 should global prices continue to increase, the Department of Energy (DOE) warned Monday.
Thai PTTEP to operate Myanmar gas field after TotalEnergies exit
Thai oil and gas giant PTT Exploration and Production Pcl (PTTEP.BK) said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France’s TotalEnergies (TTEF.PA).
Thailand to raise oil reserve
Thai oil companies have been ordered to extend the stockpiling of reserves from 60 to 70 days to ensure enough supply for domestic use amidst the global crisis due to the Russia-Ukraine tension, according to Thailand’s Ministry of Energy.
Here’s how surging oil prices shift the economic outlook in Asia, Malaysia a gainer
Oil’s relentless surge above $125 (RM522.95) a barrel threatens to stoke inflation across Asia, forcing central banks to decide whether to respond to higher prices with tighter policy, or hold off amid the blow to economic growth.
Ukraine-Russia conflict could impact Vietnam oil drilling
Vietnamese state-owned oil company PetroVietnam has warned that Russia’s continued attacks on Ukraine could have knock-on effects on oil drilling in the Southeast Asian country, with Vietnam relying on Russia for imports of energy equipment.
