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
Tag: oil
Middle 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
Read moreLarge amount of fuel seized in raid on secret warehouse at border
UPON being alerted by residents of Mae Sot district, just opposite Myanmar’s Myawaddy township, that a large fuel truck had parked at a secret location on the bank of Moei river, authorities quickly went there to investigate and were surprised to find that aside from the truck carrying 20,000 litres of diesel more fuel
Read moreDSI raids Phra Khanong oil depot to check distribution
A DEPARTMENT of Special Investigation police team inspected PTT’s oil storage depot at Phra Khanong today (March 21) to ensure its distribution to petrol pumps is in accordance with market mechanism following Prime Minister Anutin Charnvirakul’s order that all oil storage facilities nationwide be checked, Naewna newspaper said. Mr. Chatchai Khunlohit, deputy director-general of
Read moreTrump urges world powers to secure Iran shipping lane
By AFP and published by CNA WASHINGTON – US President Donald Trump urged other nations to help secure a vital shipping lane choked off by the war with Iran that showed no signs of slowing on Saturday (Mar. 14) as strikes hit the US embassy in Baghdad and a major Emirati energy facility. Two
Read moreFishermen bringing small boats to petrol pumps to fill up amid jerrycan ban
FISHERMEN in southern Satun province have resorted to transporting small boats on motorcycle sidecars to fill up at petrol pumps amid a ban on selling oil in jerrycans, TV Channel 7 and Workpoint News said today (Mar. 14). Many filling stations have limited cars to a maximum of 1,000 baht worth of oil and
Read moreThailand has crude oil reserves for another 98 days
IN ALLAYING fears about oil shortage, Deputy Prime Minister-cum-Transport Minister Phipat Ratchakitprakarn confirmed that the country has sufficient crude oil reserves for 98 days while the price of diesel will stay fixed till Monday (Mar. 16), TV Channel 7 and PPTVHD36 said today (Mar. 13). As the 15-day freezing of diesel price is expiring
Read moreBoth sides trade strikes and threats as the Iran war approaches the two-week mark
By Reuters and published by The Straits Times DUBAI/BEIRUT– The leaders of Iran, Israel and the United States all voiced defiance and vowed to fight on as the Middle East war approached the two-week mark on Friday (Mar. 13), killing thousands of people, disrupting the lives of millions of others and shaking financial markets.
Read moreCabinet nod for work from home for govt agencies, state enterprises
By Reuters – published by MSN.com and Naewna IN COPING with the energy crisis triggered by the US-Israel war on Iran, the Cabinet today (Mar. 10) instructed government agencies and state enterprises to immediately implement work from home measures for tasks that do not affect public service and suspend overseas study trips and training
Read moreMyanmar man held for smuggling oil across the border
AFTER A Myanmar man was caught trying to smuggle oil from Kanchanaburi’s Sangkhlaburi district to Payathonzu border town where there is a dire shortage local officials imposed strict control on sale and storage of fuel, TV Channel 7 said today (Mar. 10). At 9.30 p.m. last night Mr. Suriyasak Mueang-aum, Sangkhlaburi’s district chief, was
Read moreNew govt urged to build energy security amid stagflation fears
AS energy shortages may occur during the current US-Israeli war on Iran, with this being a weak point of the Thai economy, the main challenge for the new government will be building energy security and coping with rising energy prices, People’s MP Anusorn Tamajai said today (Mar.8). Amid the looming energy shortages there is
Read moreThailand has enough oil reserve for short term: Panel
WITH the US-Israel air war against Iran having expanded today (March 2) engulfing Lebanon, Gulf states and a British air base in far-away Cyprus, Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) reassured that there are sufficient oil reserves for 60 days and contingency plans could be utilised to secure supplies from
Read moreCrude soars, stocks drop after US strikes on Iran
By AFP – published by Yahoo!News and Thai Newsroom OIL PRICES soared and stocks fell in Asia on Monday (March 2) after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent briefly spiked almost 14 percent and West Texas Intermediate nearly 12 percent at
Read moreThai-flagged vessel spotted transporting fuel to Cambodia, popular Facebook page says
WIDELY-FOLLOWED Facebook page CSI LA today (Dec. 15) posted a map from MarineTraffic.com showing the location of a Thai-flagged vessel that had sailed to Singapore to pick up fuel on Dec. 10 then transported it to Cambodia, docking there yesterday, PPTVHD36 said. The administrator of this page pointed out that modern warfare is not
Read moreOil spill at Bangkok intersection after tanker overturns
A MIDNIGHT last night (May 24) a 16,000-litre oil tanker overturned in the middle of Suk Sawat intersection in Rat Burana district spilling a large amount of oil which led to the traffic being rerouted and some people living nearby evacuated, Amarin TV said. At 00.01 a.m. Rat Burana police station was alerted of
Read moreRush to tow oil tanker grounded at Koh Mai Si Lek
RESCUERS are rushing to tow an oil tanker than ran aground at Koh Mai Si Lek, near Koh Kood off Trat, after being slammed by strong waves and currents to prevent it from sinking and spilling oil into the sea, Naewna newspaper said today (Sep. 17). At 6 a.m. Marine and Coastal Resources Department
Read morePolice confident those behind escape of oil-smuggling boats will be prosecuted
POLICE are certain that those involved in the escape of three oil-smuggling boats from the Marine Police pier in Sattahip and subsequent capture near Songkhla city in the south could be prosecuted despite prosecutors having raised the question that if they were seized in international waters it would make the case difficult, Naewna newspaper
Read more3 oil-smuggling boats have arrived at Songkhla, 2 racketeers being probed
THE three captured oil-smuggling boats reached Songkhla Marine Police pier last night (June 17) with there being eight crew members on board and only a little bit of oil left at the bottom of one of the vessels and it still being ascertained how much if any remains on the other two, Amarin TV
Read moreContraband oil, many crew members missing from seized boats
MARINE Police who capture the three oil-smuggling boats initially sent word that the over 330,000 litres of contraband oil is now missing with only six to seven crew members of approximately 20 who escaped from the Sattahip pier last Tuesday (June 11) being aboard, Amarin TV said today (June 17). The three large boats
Read moreMissing oil-smuggling boats returning to Songkhla tomorrow: Police
THAI Marine Police have taken control of three oil-smuggling boats that disappeared from a pier in Sattahip, Chonburi, last Tuesday night (June 11) and they are expected to sail back to southern Songkhla port tomorrow, TV Channel 7 said this evening (June 16) Pol. Lt. Gen Kraiboon Suadsong, director of National Police Oil Smuggling
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