{"id":386944,"date":"2026-04-19T07:38:19","date_gmt":"2026-04-19T07:38:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/386944\/"},"modified":"2026-04-19T07:38:19","modified_gmt":"2026-04-19T07:38:19","slug":"asean-refineries-shut-units-and-cut-output-in-fight-for-survival","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/386944\/","title":{"rendered":"Asean refineries shut units and cut output in fight for survival"},"content":{"rendered":"<p>As a result, refineries across the wider Asia-Pacific region have also started cutting runs or temporarily shutting units, with operators increasingly focused on commercial survival and cost control.<\/p>\n<p>That has led to output reductions in several countries as companies try to conserve limited feedstock and contain mounting losses.<\/p>\n<p>Thailand\u2019s PTT, however, has continued operating normally, arguing that national energy security must come first even as other operators place greater emphasis on business management.<\/p>\n<p>On April 11 the tanker Serifos, chartered by PTT, was carrying up to 2 million barrels of Saudi and UAE crude and had exited the Gulf during the ceasefire window.\u00a0 The ship was headed to Malaysia and is expected to reach Thailand soon.<\/p>\n<p>            <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/04\/1776584299_278_lg-webp.webp\" alt=\"Asean refineries shut units and cut output in fight for survival\" class=\"img-fluid w-100 showcaption-false\" style=\"width: 1300px; height: 731px;\" width=\"1300\" height=\"731\" loading=\"lazy\"\/>\n        <\/p>\n<p>PTT\u2019s decision to secure crude during a period of extreme market tightness would have come at a high cost, with buyers competing for limited supply as prices climbed sharply.<\/p>\n<p>Crude touched about US$130 a barrel and PTT could face a short-term risk of losses worth around 500 million to 1 billion baht if global oil prices fall later.<\/p>\n<p>Still, the broader picture is clear: Thailand is trying to protect domestic energy security even as refiners across the region retreat to preserve operations.<\/p>\n","protected":false},"excerpt":{"rendered":"As a result, refineries across the wider Asia-Pacific region have also started cutting runs or temporarily shutting units,&hellip;\n","protected":false},"author":2,"featured_media":386945,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[11388,251,138,138783,219,37769,200461,16609,111,139,69,200462,174612,14182,3040],"class_list":{"0":"post-386944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asean","9":"tag-breaking-news","10":"tag-business","11":"tag-crude-oil","12":"tag-economy","13":"tag-energy-crisis","14":"tag-halt-production","15":"tag-iran","16":"tag-new-zealand","17":"tag-newzealand","18":"tag-nz","19":"tag-oil-supplies","20":"tag-refineries","21":"tag-shortage","22":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/386944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=386944"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/386944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/386945"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=386944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=386944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=386944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}