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Bangkok Post
Bangkok Post
Business

Bangchak monitors crude prices amid recession fears

Bangchak Recession Chaiwat Kovavisarach Oil
The 69-megawatt Nam San 3A hydroelectric power plant in Laos, operated by BCPG Plc, the power generation arm of Bangchak Corporation.

Thai energy conglomerate Bangchak Group is watching energy prices in the second quarter this year amid worries of a global recession, after posting a revenue increase of 16% in the first quarter.

"Crude oil prices are expected to continue facing pressure because of concerns that the global economy is heading for a recession, particularly in Europe," said Chaiwat Kovavisarach, group chief executive and president of Bangchak Corporation Plc.

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