By Reuters and published by Yahoo!Finance OIL prices jumped $3 a barrel today (Apr. 19) in reaction to reports that Israeli missiles had struck a site in Iran, sparking concerns that Middle East oil supply could be disrupted. The benchmark contracts surged more than $3 then eased slightly. At 0200 GMT, Brent futures were
Tag: oil
Local oil and gold prices set to rise as Songkran festival ends
WITH GLOBAL oil prices still rising while gold prices have been volatile amid growing chaos in the Middle East it is expected that the local prices of both will soar after Songkran festival ends tomorrow (Apr. 17), TV Channel 7 said this morning. Thai investors are continuously buying gold leading to major local gold
Read moreVarawut orders probe after oil slicks wash up on Phuket beaches
CARETAKER MINISTER OF Natural Resources and Environment Varawut Silpa-archa today (Aug. 6) ordered an investigation of the source of oil slicks and tar balls that have washed up on some Phuket beaches while a large team of officials and volunteers have been removing the large amount of the dark oil since Friday (Aug. 4),
Read moreOPEC+ cuts put $100/bbl oil back in sight
By Reuters and published by US News & World Report Singapore/Seoul/London – Surprise new cuts to the OPEC+ group’s output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said on Monday (Apr. 3). The decision signals
Read moreOil tanker fire controlled but death toll rises to two
THE HUGE fire raging at an oil tanker docked in Samut Songkhram for repairs since 9 a.m. this morning (Jan. 17) was brought under control at around 3 p.m., INN News said. However the death toll rose to two after another victim’s body was spotted at the bottom of the oil tanker, Smooth Sea
Read moreOil tanker blaze still raging after three hours
A FIRE that spread across an oil tanker carrying 20,000 litres of fuel oil and diesel and docked at Samut Songkhram province for repairs was still raging three hours after an explosion triggered it this morning (Jan. 17) with one person dead and five injured, Amarin TV and Matichon newspaper said. At 9.30 a.m.
Read moreGovt readies 150 billion baht loan guarantee for oil fund
By Reuters and published by CNA THE cabinet today (August 16) approved a law to guarantee up to 150 billion baht in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and local media reports. The measure still has to be examined by
Read moreBeer for sunflower oil? Munich pub finds way to beat frying crunch
By Reuters, published by The Straits Times Berlin – A Munich brewpub has found a novel way to beat Europe’s cooking oil shortages – letting customers pay for their beer with sunflower oil to ensure plentiful stocks for frying schnitzels. With Ukraine and Russia accounting for about 80 per cent of global exports of
Read moreProfessor dies while testing plastic-to-oil incinerator
A KHON KAEN University professor died last evening in Sakon Nakhon province after an incinerator he created to turn plastic waste to oil exploded with one other person being injured in this accident, Naewna newspaper said today (June 4). At 6.10 p.m. Pol. Col. Puttinan Amphan, superintendent of the Mueang Sakon Nakhon police station,
Read moreHunt for suspect who dumped foul-smelling oil at Rayong beach
POLICE ARE hunting for a man who a tourist saw dumping around 50 litres of foul-smelling oil at Mae Ramphueng beach in Rayong and fled with the stench spreading around the vicinity and even reaching nearby condominium, Naewna newspaper said this evening (May 21). Mr. Chanu Dechthanyanon, the head of Khao Laem Ya–Mu Ko
Read moreCargo ship’s fuel oil tank explodes in the middle of Chao Phraya river
A CARGO SHIP’S fuel oil tank exploded in the middle of Chao Phraya river near Phra Chulachomklao Fort at 1.40 p.m. today (Mar. 27), Sanook.com said. Samut Prakan province’s Office of Disaster Prevention and Mitigation reported the explosion at 2.30 p.m. and said that fire boats had sailed in to control the blaze. The firemen
Read morePM urges public to limit use of private cars as oil price spikes to $139
By Reuters, published by US News & World Report, plus Matichon WITH oil prices jumping to $139 a barrel today (Mar. 7) amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded, Prime Minister Prayut
Read moreOil spill 5km away from shore as new charge filed against company
THE SECOND oil spill is now five kilometres from Rayong shore while the Marine Department has filed an additional charge against Star Petroleum Refining Plc (SPRC) for violating an order to suspend the use of the port leading to marine pollution, Amarin TV said today (Feb. 11). This second spillage of 5,000 litres of oil
Read moreAnother oil spill at the same spot off Rayong
THE Rayong Incident Command Centre said another oil spill occurred in sea off Mae Ramphueng beach this morning (Feb. 10) with this being the same spot where Star Petroleum Refining Plc’s undersea pipeline had leaked 400,000 litres of crude on Jan. 25, Naewna newspaper said. Pol. Lt. Pirun Hemarak, deputy governor of Rayong, said
Read moreRayong shakes off oil spill crisis, unveils special event
HAVING now emerged from the oil spill crisis, the Governor of Rayong this evening (Feb. 7) announced a tourism promotion event for three days with free seafood for participants, Naewna newspaper said. At 5 p.m. today Mr. Channa Iamsaeng, Rayong’s Governor, together with some senior officials said at a press conference that the “Rayong
Read moreRayong in better shape with no oil slicks washing up on beaches today
THE huge oil spill in Rayong showed signs of improvement today (Feb. 1) with no slicks washing up on the beaches, including Ao Prao at Koh Samet, and none also found in the sea near this coastal province,Thai Rath newspaper said. Today is the seventh day after an undersea pipeline leaked 400,000 litres of
Read moreBig battle to prevent oil slick from reaching Koh Samet
A BIG effort is underway to protect Koh Samet as the large oil slick is expected to reach the island’s Ao Prao bay tonight, Thai Rath newspaper said this afternoon (Jan.30). Natural Resources and Environment Minister Mr. Warawut Silpa-archa flew to Rayong on a helicopter at 12.30 p.m. today to inspect the contamination of
Read moreBigger oil slick just 3 km away from Rayong shore
WITH oil from the an undersea pipeline that leaked 400,000 litres of crude into the sea near Map Ta Phut earlier this week having washed up on parts of Mae Ram Phueng beach in Rayong province before dawn today (Jan. 29) a senior official warned that a bigger mass is just three kilometres away
Read moreOil slick has not yet reached Rayong, Koh Samet
By AP and published by The Washington Post and Sanook.com OFFICIALS extensively checked various beaches and bays at Rayong and Koh Samet today (Jan. 28) after an undersea pipeline leaked 400,000 litres of crude oil into the sea near Map Ta Phut earlier this week but that found conditions are still normal and unpolluted, Sanook.com
Read moreMystery ship sinks, oil spill could reach Koh Samui in 2-3 days’ time
THE Thai Second Naval Area said today (Jan. 9) that the mystery stateless cargo ship found listing near Koh Samui sank overnight and a big effort is being made to prevent the oil spill from reaching tourist island in two to three days’ time, Sanook.com said. Vice Admiral Sunthorn Damklai, commander of the Second
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