Energy Trends in 2016
The economic forecast by NESDB indicated that Thailand's economy is expanding at 2.8 - 3.8 % in year 2016. With affected by the acceleration of the public spending and investment, the government economic acceleration measures and the slowly recover of the global economy. The world crude oil price will remain low. EPPO expected that the average price of Dubai crude oil in the year 2016 will be in range of 35-45 USD Per barrel. The average exchange rate in 2016 is expected to be in the range of 36.0 to 37.0 baht per USD. The energy demand forecast by EPPO under the above assumption can be summarized as follows: