IRPC Predicts Dubai Crude Oil Prices to Move Between $60-70 in 2025

IRPC navigated challenges in 2024 with a net loss of 3,571 million baht, a 31% reduction from the previous year. Therdkiat Prommoon, CEO and President of IRPC Public Company Limited, revealed the company's proactive approach in capital management, investment portfolio restructuring, and operational efficiency improvements. In 2024, the company's net sales revenue was 232,671 million baht, a 17% decrease from the previous year, primarily due to a 14% decline in average selling prices and a 3% reduction in sales volume. The market gross integrated margin (Market GIM) was 21,549 million baht or $8.82 per barrel, a 17% increase. Looking ahead to 2025, IRPC anticipates Dubai crude oil prices will range between $60-70 per barrel, driven by oil demand in transportation, logistics, and petrochemical production. The market remains complex, with potential supply challenges and geopolitical factors influencing global oil dynamics.