FTI: Margin primed for increase | Bangkok Post: business

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FTI: Margin primed for increase

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Although oil prices are expected to drop, the gross refining margin (GRM) is expected to improve next year because of an improving world economy, says the Federation of Thai Industries' (FTI) Petroleum Refining Industry Club. 

Club chairman Surong Bulakul, who is also chief financial officer of PTT Plc, said the GRM is estimated at $5-6 per barrel in 2014, compared to $4-5 this year.

Dubai crude is expected to trade at $104 a barrel next year, down from $107 this year, due to the supply of low-cost shale gas in North America, he said.

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