Oil imports, Q1 : +12% in volume… and +82 % in value

Red alert.

The imports of “petroleum” (= crude oil + pretroleum products + others) have increased (volume) by 12,8 % on Q1, compare to Q1 2007.

And in value (8,13 billions USD)… +82 % !

Hopefully, because the THB has strenghten, the increase is “only” 66 % in THB…

On Q1, the average price per barrel was 94 USD… Therefore, we are going to see further degradation in april and may… unless volumes start to decrease.

Source EPPO (table 02_01_04)

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