West Texas and Brent downgraded crude prices After OPEC Plus has not reached an agreement on oil production.
– West Texas and Brent downgraded crude prices After the Petroleum Exporting Countries and the allies or OPEC Plus still could not find a mutual agreement on oil production. Most members would like to extend the timeframe of the 7.2 million barrels per day reduction policy. While Russia and Kazakhstan want to increase the production capacity of five hundred thousand barrels per day. The OPEC Plus group is preparing to hold another meeting today.
– The market is more concerned After the United Kingdom Resuming measures to tackle the spread of the COVID-19 virus have ordered the closure of cities and public facilities after finding up to 55,000 new infections per day from infectious mutants. Easier
+/- Markets keep an eye on the US crude oil inventory report for the week ending Jan. 1, 64 from the US Energy Information Administration (EIA) postponed on Jan. 6, ’21 due to the annual holiday. New at the beginning of the week
Gasoline price
Increased less than Dubai crude prices. After the demand in Asia continues to be pressured by lockdown measures in many countries. Together with Singapore’s high inventory of gasoline
Diesel fuel price
More than Dubai crude oil prices. After the increase in demand during the past New Year season Despite the pressure from the rising number of infected people.
Source: Thai Oil
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