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Thailand more worried about global oil price rise than with oil shortage

Thailand more worried about global oil price rise than with oil shortage

21 Sept 04:50 Key points summarised by AI
  • Thailand's Ministry of Energy prioritizes global oil price volatility over supply disruption from the Israel-Hamas war, as its oil imports are diversified from other Middle Eastern countries and LNG from other sources.
  • Despite holding two months' worth of oil reserves, the ministry's primary concern is that escalating conflict could trigger a global price surge due to market sentiment, urging consumers to conserve fuel while assuring continued financial support.
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