Thai Oil Boosted its Refining Margin

Thai Oil PCL, the country's top oil refiner, said on Monday rising crude oil prices helped boost its gross refining margin to a historic high of $11.7 a barrel in the October-December quarter.

The fourth-quarter margin was up from $0.73 a barrel in the same period in 2006 when Thai Oil posted an inventory loss, the company said in a statement.

The refiner's integrated margin was $11.3 a barrel in the fourth quarter, up from $4.0 in the same period in 2006, it said.