Thailand's six refineries are secure through August and beyond despite Middle East tensions, having already diversified crude sources away from the region (reduced from 58% to 30% of imports). Key players like PTT Group, Bangchak, and Star Petroleum now source from Fujairah, UAE, Malaysia, Australia, and alternative routes (Cape of Good Hope), mitigating supply-chain risks. European financing restrictions prevent Russian oil purchases. Actionable for energy-dependent SMEs: supply stability is confirmed, but watch geopolitical escalation that could affect Red Sea logistics.
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