The country's largest oil refiner is maintaining its global oil price projection of US$50-55 per barrel for this year. "If the conflict is limited to the region, then the oil price spike should be short-term. Thai Oil still maintains its global oil price projection in a range of US$50-55 per barrel for this year. The upgrade should also make it easier to refine more grades of crude oil from a wider variety of resources. The forecasts are based on oil prices of $50-60 a barrel and a foreign exchange of 35.5-37.5 baht against the dollar.

Source: Bangkok Post April 11, 2017 00:22 UTC