Analyst Predicts Oil Price Surge to Benefit Thailand's Energy Sector

Oil prices are expected to rise, potentially benefiting Thailand's energy sector, according to Chak Reungsinpinya, an analyst at Maybank (Thailand). According to Jin10, Reungsinpinya noted in a research report that disruptions in energy flow due to the Iran conflict are unprecedented. Even if the Middle East conflict is resolved within weeks rather than months, energy prices may remain elevated. The bank has upgraded its rating for Thailand's energy sector from 'neutral' to 'positive.'