Global Oil and Gas Downturn: OPEC+ Output Hike and Gas Inventory Glut Send Fuel Prices to 6-Month Low
On July 26, 2026, oil prices plunged as OPEC+ unexpectedly boosted output, with Brent below $70. Gas also declined on high inventories. Thailand diesel retail prices fell as markets await supply-demand shifts. This article analyzes the crash, outlook, and impact on Thailand's energy sector.
On July 26, 2026, oil prices plunged as OPEC+ unexpectedly boosted output, with Brent below $70. Gas also declined on high inventories. Thailand diesel retail prices fell as markets await supply-demand shifts. This article analyzes the crash, outlook, and impact on Thailand's energy sector.
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