PTT targets renewables amid 'uncertain' oil viewState energy firm PTT Plc is boosting investments in electricity generation, particularly renewables, given what it says is a "highly uncertain" outlook for oil over the next year. Buffeted by trade wars, geopolitical tension and the North American shale boom, oil faces an uncertain outlook over the next year, according to Mr Chansin. "Under the volatile environment, PTT focuses more on clean energy as well as infrastructure," Mr Chansin said in the interview last week. The company will also use the additional funds to support projects like expanding the Map Ta Phut industrial port and developing a technology manufacturing hub in eastern Thailand, Mr Chansin said. The company sees the Brent crude price fluctuating between $55 and $75 a barrel for the rest of this year, Mr Chansin said.

Source: Bangkok Post July 03, 2019 10:03 UTC