OR prepares for oil price volatility later this yearOR is closely monitoring a possibility that major economies will enter a recession this year, which will weaken people's purchasing power. PTT Oil and Retail Business Plc (OR) is bracing for possible challenges caused by oil price fluctuations and a global economic slowdown that could affect the company in the second half of this year. "Global oil price fluctuations are calming down, but we are not complacent about the situation and are aware of risk factors that may affect our businesses," said Ms Wilaiwan. The lower volatility of global oil prices reduces the risk of oil stock losses or gains for the company. PTT estimates the Dubai oil reference price will range from US$80-86 per barrel through to the end of 2023.

Source: Bangkok Post May 27, 2023 11:32 UTC