Market Chatter: Thai Shipping Firms Summoned Amid Missing Oil Probe

MT Newswires Live04-21 16:20

Thai authorities have summoned eight shipping companies as witnesses in an investigation into missing oil shipments at sea, The Bangkok Times reported Tuesday, citing Thailand's Department of Special Investigation (DSI).

The probe covers discrepancies in 20 oil cargos transported from refineries in eastern Thailand to Surat Thani, where up to 60 million liters are allegedly missing, the report said.

Officials are reviewing shipping records and transport documentation to determine the cause of the irregularities. The companies have cooperated so far as investigators assess whether to upgrade the case into a formal special investigation. A separate probe is already underway into suspected oil stockpiling at a Surat Thani depot, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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