Average oil price to ease in 2013
Play
Thai Oil, the country's largest refiner, expects the average Dubai crude oil price to ease from US$109 per barrel in 2012 to $105 in 2013 on more supply.
Yet, the Thai largest refiner reckoned that economic uncertainties globally as well as violence in oil-producing countries could result in volatility throughout the year.
The average should ease further to $105 per barrel on higher supply. It is expected that the Organisation of Oil Producing Countries (Opec) and non-Opec countries would feed the world with more oil, probably above demand.
