*Thailand’s crude imports slumped to 938,000 b/d in 2019, down 16% (183,000 b/d) from 2018’s record 1.12mn b/d and the lowest since 2011 (see table & chart).
*The country’s oil output and demand are steady at around 500,000 b/d (half crude, half NGLs) and 1.5mn b/d respectively. The slump in crude imports has come as the country’s refiners curbed runs with products imports rising as a result. Thai refinery throughputs averaged 1.13mn b/d in 2018, but fell to a multi-year quarterly low of 950,000 b/d for Q4 2019 and below 800,000 b/d in October, according to the IEA. (CONTINUED - 323 WORDS)
