Oil consumption in January dropped almost 10% compared to the same period last year and a month earlier, due to consumers’ lack of confidence, according to the Department of Energy Business. Director-general Peerapol Sakarin said consumption of all types of fuel in January averaged 19.3m litres per day, down from 21.4m litres a year earlier, and also down 8.9% from 21.1m litres in December.
Thai Stocks, Trade & Investment Research > Blog > Featured > Oil demand weak as confidence wanes
Oil demand weak as confidence wanes
The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thai Consumer Confidence Drops to 11-Month Low Amid Political Uncertainty
ThaiVest Editorial TeamAugust 7, 2024
The University of the Thai Chamber of Commerce's (UTCC) consumer confidence index fell for the fifth consecutive month in July...
World Bank Downgrades Thailand’s 2024 GDP Growth Forecast to 2.4%
ThaiVest Editorial TeamJuly 5, 2024
Thailand's economic growth in 2024 is now projected at 2.4%, a decrease from the 2.8% estimated in April, according to...
Thailand Political Uncertainty Heightened by Court Cases, Stock Market Jittery
ThaiVest Editorial TeamJune 12, 2024
Thailand's political landscape is in turmoil as three significant court cases unfold, sending shockwaves through the stock market and amplifying...