AS A prolonged closure of the Strait of Hormuz, lasting over eight weeks, is pushing the world toward an energy lockdown rather than just soaring prices, the Thai government should implement serious energy conservation measures before a forced shutdown occurs, which could be too late, PPTVHD36 quoted TISCO Economic Strategy Unit (TISCO ESU) as
Tag: oil
Govt working on ensuring sufficient palm oil supply for domestic use
WITH an increase in the use of palm oil for production of B7 and B20 biodiesel the Commerce Ministry this morning (April 20) said the entire system is being balanced to ensure sufficient supply for domestic use while simultaneously maintaining price stability for the benefit of farmers, PPTVHD36 and Thai Rath newspaper said. Mr.
Read moreOil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
By AP and published by Yahoo!News NEW YORK – Oil prices dropped back to where they were in the early days of the Iran war, and US stocks raced to another record on Friday (April 17) after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian
Read moreMiddle East conflict hits Phang Nga tourism – hundreds of tour boats sitting idle
THE Middle East conflict has led to tourism in southern Phang Nga province declining with hundreds of tour boats sitting idle at Surakul pier, aka Kasom pier, in Takua Thung district which is a popular departure point for tours of Phang Nga Bay, Naewna newspaper said today (April 16). Ms. Chotimont (surname withheld), manager
Read moreHow a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy
By AP and published by Yahoo!News A BLOCKADE of Iranian ports that US President Donald Trump said began Monday (April 13) could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose
Read moreChuan questions whether oil hoarding is linked to recouping investment
FORMER prime minister and Democrat party-listed MP Chuan Leekpai today (April 13) questioned whether high fuel prices and hoarding could be due to the current government recouping investment in vote-buying during the Feb. 8 general election, Naewna newspaper said. He was airing his views on politics during a lively Songkran celebration at his residence
Read moreUS oil benchmark jumps 8%, surpasses US$100 after failed US-Iran talks
By Agencies and published by CNA TOKYO – The US oil benchmark rebounded above US$100 a barrel on Monday (April 13) after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of
Read moreEkniti unveils ‘old car for new car’ scheme to cut oil use
BEING considered is a measure to promote exchanging old cars for new electric/hybrid cars to reduce reliance on oil with this being part of the Finance Ministry’s strategy to drive economic growth, PPTVHD36 said this evening (April 10). Deputy Prime Minister/Finance Minister Ekniti Nitithanprapas said other steps include reducing officials’ study trips, topping up
Read moreAnutin urged to find out if Pipat involved in hoarding of oil
By Thai Newsroom Reporters PRIME MINISTER Anutin Charnvirakul was today (April 10) encouraged to find out whether Transport Minister Pipat Ratchakitprakarn may have been allegedly involved in the illegal hoarding of oil by a politically-associated trader recently. During the second day of policy debate at parliament, People’s MP Rangsiman Rome called on the prime
Read moreForeign Affairs Ministry urgently pushing Hormuz Strait deal
DEPUTY Prime Minister/Foreign Affairs Minister Sihasak Phuangketkeow said at parliament today (April 9) that his ministry is actively pursuing urgent negotiations with Iran to reach a deal on allowing Thai ships and oil tankers to pass through the Strait of Hormuz, PPTVHD said this evening. Iran has requested specific details about each vessel and
Read moreInfluencer fuming over police demanding cash for petrol to investigate burglary
Updated at 5 a.m., April 6, 2026 TURNING into a heated issue on Thai social media is the revelation by a popular influencer that police had demanded 1,000 baht for petrol to drive up and investigate a burglary at her relative’s house, Naewna newspaper and Amarin TV said last night (April 5). The influencer,
Read moreKoh Samui, Koh Phangan ferry operator hikes fares for the 4th time
ONE OF two ferry operators in Surat Thani today (April 3) announced a fourth fare hike for its service to Koh Samui and Koh Phangan since the oil crisis erupted with the outbreak of US and Israel’s war on Iran on Feb. 28, Amarin TV said. Seatran Ferry said with diesel price having reached
Read moreFuel prices rising again tomorrow
ALL oil prices except for Premium Gasohol 95 are rising at 5 a.m. tomorrow (April 2) after the Oil Fuel Fund reduced the subsidy rate, Naewna newspaper said late tonight. This price increase is divided into two main groups as follows: 1/ Benzene and gasohol group: Increased by 1.20 baht/litre This covers Benzene 95,
Read moreFarmers object to midnight oil price hikes
FARMERS pleaded with the authorities to not announce oil price hike in the middle of the night as occurred last night and took effect at 5 a.m. this morning (March 31) with this being the second time a midnight announcement was made, the first being a 6 baht hike that took effect last Thursday
Read more6 baht fuel price hike will not stop smuggling: MP
THE SUDDEN increase of oil prices by 6 baht a litre in the middle of the night will not significantly solve the problem of smuggling fuel to neighbouring countries because the price difference is still very high with a gradual or tiered increase based on world market being a more appropriate measure, People’s MP
Read moreOil prices may rise further but no shortage: PM
PRIME MINISTER Anutin Charnvirakul last night (March 27) warned the public oil prices could rise again after jumping by 6 baht a litre with this determined by market mechanisms while emphasising that Thailand is striving to ensure domestic fuel security and there will not be a shortage, Amarin TV said. Excessive subsidies would deplete
Read moreIran ‘sends message to Thailand offering to sell crude oil at special price’
IN A dramatic turn in the current energy crisis, Dr. Lerpong Sayed, president of the Thai-Iranian Alumni Association, said Tehran had sent a message to Prime Minister Anutin Charnvirakul offering to help Thailand by selling crude oil at a special price below global market rate to help alleviate the hardship of the Thai people,
Read moreFarmers sleep overnight at petrol pumps to ensure they get fuel
IN A PITIFUL scene at Phetchabun province desperate farmers slept overnight in their vehicles as they queued up for fuel at petrol pumps with their watermelons having ripened and now ready for sale, Naewna newspaper said today (March 24). Reporters saw a long queue in front of a PT filling station near Mueang Phetchabun
Read moreFishing boats may stop operating at month’s end: Industry leaders warn
THE OIL crisis has so badly hit the fishing industry that leaders of this sector in Samut Sakhon province, better known as Mahachai, today (March 23) warned that fishing boats may cease operation nationwide at the end of this month leading to hundreds of thousands of job losses unless the government reins in soaring
Read moreMiddle East war threatens energy crisis worse than 1970s oil shocks
TEHRAN – The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency (IEA) warned on Monday (March 23), as Israel launched fresh strikes on Tehran and threatened weeks more fighting. As the war grinds into its fourth
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