PTT believes oil price unlikely to hit $100 a barrelA PTT petrol pump attendant on Phetkasem Road refuels a car. If these conflicts cannot be controlled, "we may see oil prices soar to $100, but that will only last for a short time", said Mr Auttapol. PTT is in agreement with other Thai oil firms forecasting global oil prices. He believes global oil supply will soon increase as problems that affected oil production in Kazakhstan, Libya and Nigeria ease. Additional oil supply can also come from producers drilling from oil shale rock fragments in North America.

Source: Bangkok Post January 26, 2022 23:21 UTC