Thai state-owned oil firm PTT posts huge Q3 loss

The third quarter is likely to be the weakest period for state-controlled PTT, according to analysts. In the Reuters photo, an employee is seen walking outside the energy giant's LNG terminal in Rayong province, east of Bangkok.

BANGKOK: PTT Pcl, Thailand’s largest energy company, on Thursday reported another record net loss in the third quarter, mainly due to losses at its upstream and exploration subsidiary and a weak gas business.