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Bangkok Post
Bangkok Post
Business

Appeal for energy reforms as oil prices still fluctuate

Oil Ekniti Nitithanprapas Kobsak Pootrakool Thailand Finance BBL
Dependence on imported oil is a structural weakness, says Mr Ekniti. (Photo: Pattarapong Chatpattarasill)

Global crude oil prices remain highly volatile due to geopolitical factors, underscoring the need for Thailand to urgently address its structural weaknesses, says Finance Minister Ekniti Nitithanprapas.

Speaking after oil prices rebounded following renewed strikes between the US and Iran, he said geopolitical uncertainty has intensified, pumping up oil prices again.

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