Follow the direction of oil prices. and find a path to Economy-Energy-Environment balance at the event “2022 Annual Petroleum Outlook Forum: Sustainable Growth amid global energy volatility” by PTT Group and FTI Petroleum Refinery Group
The PTT Group Oil Situation Analyst Team (PRISM Specialists) together with the Petroleum Refinery Industry Group of the Federation of Thai Industries The outlook for the overall energy situation in 2023 is still full of instability due to geopolitical uncertainty. and monetary policy to stabilize the global economy. The average price of Dubai crude oil in 2023 is expected to be in the range of 85-95 USD per barrel. It is believed that the economy will start to recover in the second half of 2023, but the supply of Russian oil may disappear from the market. After Europe begins a full embargo on Russian oil imports at the end of 2022, as well as OPEC+ cooperation to support oil prices. Will it be possible to increase production to compensate for the lack of supply from Russia? Including the issue of lifting sanctions against Iran. And Venezuela could be a game changer in terms of increasing the supply of crude oil to the market.
Today (November 23, 2022) Mr. Auttapol Rerkpiboon, President and CEO, PTT Public Company Limited presides over the opening of the online seminar 2022 Annual Petroleum Outlook Forum under the topic “Thrive amid Global Energy Volatility towards a Sustainable Future – Sustainable Growth amid fluctuations in world energy -eang, “and it has revealed the world’s energy situation at the moment. still in the midst of volatility As the economy improves, the demand for energy increases. Including geopolitical conflicts that lead to energy crises in many countries. climate change It is an urgent agenda that the international community must work together to push concrete solutions forward. In the past COP27 meeting in the Arab Republic of Egypt Thailand has announced a joint national strategy. Achieving the goal of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2065 as promised at COP26 last year.
Amidst this instability, the PTT Group has closely monitored the situation. as well as preparing and procuring energy to continuously support economic activities in the country. Including adapting the organization’s direction and strategy. Aiming to develop the energy business of the future Responding to the direction of the world which will change. Fully integrated electric power and electric vehicle business renewable energy business and other new businesses PTT Group announced its intention to reduce greenhouse gas emissions by 15% by 2030, achieve carbon neutrality by 2040, and reduce greenhouse gas emissions to net zero within 2040. By 2050, which is faster than the country’s goal, Grŵp PTT is ready to be an important force in creating energy security. driving the economy Improving the quality of life and the environment to grow together in a balanced and sustainable manner
Mr. Bandit Thamprarajchit, President of Petroleum Refinery Industry Group He revealed that in 2022 many countries make energy security and access to energy a top priority. Including natural disasters that are increasingly serious today Cause us to realize seriously and work together to solve the problem of Climate Change on an ongoing basis. The PTT group’s energy situation analysts or “PRISM Experts” remain committed to providing information and analyzing the direction of oil prices. and the challenges facing the energy industry. This is the source of this year’s seminar topic, “Thrive in the midst of Global Energy Volatility towards a Sustainable Future: Growing Sustainably. amid global energy fluctuations.”
“In addition, there was also an honor from Mr Kulit Sombatsiri, Permanent Secretary of the Ministry of Energy, Mr Tharit Panpiemras assistant governor of the Bank of Thailand’s Financial Institutions Policy Group and Mr Kiatichai Maitriwong, Director of the Greenhouse Gas Management Institute of Thailand Joined (Public Organization) the discussion on the subject “Breaking through the energy crisis Towards Sustainability” finding joint solutions to the challenging situations facing the world, Balancing in 3 dimensions, namely access to energy at reasonable prices. stimulate economic growth and protect the environment at the same time,” said Mr Bundit at the end.
The 2022 Annual Petroleum Outlook Forum is a collaboration between the Petroleum Refinery Industry Group. The Federation of Thai Industries and companies in the PTT group to present an analysis of the direction of oil prices Energy situations and challenges affecting the global energy industry by a team of oil situation analysts or “PRISM Experts”, who have been operating ongoing for the 11th year. https://prism.pttgrp.com , YouTube and Facebook : PRISM
