Q2 2019 PTT PCL Earnings Presentation (Thai) Transcript

Aug 16, 2019 / NTS GMT
Presentation (Thai)
Aug 16, 2019 / NTS GMT

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Corporate Participants
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* Arawadee Photisaro
PTT Public Company Limited - Senior EVP of Corporate Strategy
* Chansin Treenuchagron
PTT Public Company Limited - CEO, President, Secretary of the Board & Director
* Pannalin Mahawongtikul
PTT Public Company Limited - CFO

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Pannalin Mahawongtikul - PTT Public Company Limited - CFO

Before, let's start with key business drivers, oil prices Average Dubai prices for first half. It's still lower than last year, but on a Q-on-Q basis, the price is up by 6%, which is quite decent. For the higher price of crude in second half is due to the supply as OPEC and outside of OPEC partners still continue to cut down their production as a result of the agreement as well as the sanctions imposed upon Venezuela, and stricter sanctions on Iran imposed by the United States. So first half, the average price is down resulting from trade war and concerns over slowing global economy. Fuel oil

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