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Thailand’s current oil reserves will last 61 days - Energy Ministry

11 Sept 10:00Key points summarised by AI

Thailand holds 4.925 billion litres of crude and finished oil, covering 38 days of domestic demand, with an additional 1.87 billion litres of crude in transit or from other sources, extending total reserves to 61 days.
The Energy Ministry is closely monitoring the Middle East conflict and the Strait of Hormuz due to potential disruptions that could escalate global oil and gas prices, implementing preemptive measures to mitigate impacts.

Today 09:25Key points summarised by AI

Silicon Valley Bank (SVB) experienced the largest bank failure since the 2008 financial crisis, leaving billions of dollars belonging to companies and investors stranded.
A significant 89% of SVB's $175 billion in deposits were uninsured, raising concerns about their recovery, while insured depositors will have full access by Monday.
The FDIC swiftly intervened, closing the bank and seeking a merger partner over the weekend to safeguard unsecured deposits and ensure operations resume on March 13.
The collapse, triggered by rising interest rates and client withdrawals, sent shockwaves through the startup community and led to a sharp decline in banking sector stocks globally.