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Sanctions standoff — China rejects US curbs on Iranian oil trade
Sanctions standoff — China rejects US curbs on Iranian oil trade
MONDAY, MAY 04, 2026
China issues injunction against US sanctions on five refineries, calling measures illegal and defending energy security and trade sovereigntyUS sanctions Chinese refinery over major Iranian oil purchases
US sanctions Chinese refinery over major Iranian oil purchases
SATURDAY, APRIL 25, 2026
Washington targets Hengli Petrochemical and Iran-linked shadow fleet vessels as Trump increases pressure on Tehran during war talksAsean refineries shut units and cut output in fight for survival
Asean refineries shut units and cut output in fight for survival
SATURDAY, APRIL 18, 2026
Refineries in Malaysia and Singapore are cutting runs or shutting units as Middle East supply disruption squeezes crude flows and drives up costs.Govt invokes emergency decree, orders 2-baht refinery cut
Govt invokes emergency decree, orders 2-baht refinery cut
WEDNESDAY, APRIL 08, 2026
NEPC adopts a Singapore Minus ex-refinery pricing formula, applying a discount to Singapore benchmark prices before domestic fuel salesCabinet clears talks with refineries in bid to bring oil prices down
Cabinet clears talks with refineries in bid to bring oil prices down
TUESDAY, APRIL 07, 2026
Energy Ministry to begin refinery talks after Cabinet backs plan to recover excess margins and explore wider steps to ease Thailand’s fuel burdenMiddle East war drives deeper energy and economic pain for Thailand
Middle East war drives deeper energy and economic pain for Thailand
FRIDAY, APRIL 03, 2026
Thailand enters level 2 energy crisis as Hormuz risks disrupt supply, forcing refineries to prepare for all crude types and raising cost pressuresGovernment outlines six reasons Thai oil prices reference Singapore
Government outlines six reasons Thai oil prices reference Singapore
MONDAY, MARCH 30, 2026
The government says Singapore’s oil market remains the fairest regional benchmark for Thailand, reflecting real trade, supply, demand and lower volatility.Refineries to issue plan on debt-hit Oil Fuel Fund ‘this month’
Refineries to issue plan on debt-hit Oil Fuel Fund ‘this month’
FRIDAY, JULY 01, 2022
The energy minister expects oil refinery operators to issue plans this month to help boost liquidity of the Oil Fuel Fund, which is suffering record debts from subsidising pump prices amid the global oil price crisis.Refineries agree to help Oil Fund with THB8 billion monthly handout
Refineries agree to help Oil Fund with THB8 billion monthly handout
FRIDAY, JUNE 17, 2022
The government has managed to talk operators of oil and gas refineries into contributing up to 8 billion baht per month from July to September to the Oil Fuel Fund.Korn urges govt to slap oil refineries with ‘windfall tax’, margin cap
Korn urges govt to slap oil refineries with ‘windfall tax’, margin cap
SUNDAY, JUNE 12, 2022
The government should cap the margin enjoyed by oil refineries and slap a “windfall tax” on them as part of measures to survive the oil crisis, Kla Party’s secretary-general Korn Chatikavanij said on Sunday.