The world economy as a whole will get benefit from lower oil prices. Because the major economy countries like the US, Europe, Japan, China and India, the economy scale combined accounted for 60% of the global economy, they are importers of crude oil. Falling oil prices will help consumers to have more money to spend and business sector will have reduced costs.We have found one trend through reviewing our journal.
The trend for the energy (oil) sector is that in Thailand PTT is the leading Oil Company see benefits as well as the need to be flexible.
PTT Plc hopes to turn crisis into opportunity by making more mergers and acquisitions, focusing on energy resources and companies whose offer prices have fallen as their performance has been affected by the decline in oil prices.
The Board of PTT has also endorsed the plan changes to support oil price fluctuations.In the next 1-2 months to assess the direction of oil prices again. Including a review of the development of new projects and 5 projects include the M3, Myanmar, the cache - Maple Australia. Mozambique project Oil Sands Project in Canada. And the Baltic Sea Rakesh Huston. Algeria to be slow However , the projects are expected to be clear by the end of this year 58.
PTT Exploration and Production Plc, create new plan to respond to falling oil prices. First, if crude oil prices are lower than $55 per barrel, PTT will reconsider the decrease of the 5 year investment budgets. However, they will not reduce the capacity of the domestic petroleum. It may affect petroleum production capacity in the future. Second, if crude oil prices are lower than $40 per barrel, they will still produce petroleum in Thailand. In the other hand, they will not invest in developing in the new project of petroleum.