oil prices

Middle East tensions hit inflation goals

April 24, 2024 | 11:53

Higher oil prices as Middle East tensions rise are expected to undermine Vietnam’s efforts to reach its inflation target this year.

Oil prices jump, stocks slump after Iran blasts

January 04, 2024 | 15:35

Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.

Oil slumps on easing fears of Mideast regional war

November 01, 2023 | 11:18

World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.

Malaysia ringgit at seven-month low

June 26, 2023 | 11:51

The Malaysian ringgit (RM) depreciated for a fifth straight session to slump to a more than seven-month low on June 23 due to a firmer dollar and weak oil prices.

Price management tweaks urged for petrol retailers

March 09, 2023 | 10:21

Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.

Growth ahead for oil and gas businesses

December 29, 2022 | 11:00

Oil and gas companies could cash in on the current oil prices that are forecast to remain high in 2023, which is also an important factor promoting increased investment in the sector.

Oil jumps but dollar bruised on US data

October 10, 2022 | 14:50

Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes.

Volatility forces balancing act for Vietnam’s petrol market

September 22, 2022 | 11:00

Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.

Understanding global oil and gas sector management

September 22, 2022 | 08:00

Decree No.95/2021/ND-CP on petroleum trading officially took effect at the beginning of the year and was expected to strengthen the market.

Balancing the effects of global oil price fluctuations

September 14, 2022 | 10:00

Global oil prices are predicted to bounce back at the year-end, despite continued geopolitical tensions. Luong Van Khoi, vice president of the National Centre for Socio-economic Information and Forecast, spoke with VIR’s Nguyen Huong about how Vietnam’s socioeconomic development could be affected.

Economists petrol stabilisation fund to be scrapped

September 13, 2022 | 16:46

Economists and industry experts have voiced concerns over the petrol stabilisation fund continuing as a tool to keep prices down, deeming it too ineffective to make a real difference.

Strategies considered to cope with oil shifts

September 12, 2022 | 07:00

As there is no silver lining ahead just yet when it comes to stabilised oil prices, economists and associations agree that corporate taxes should be reduced and oil reserves built to help cope with the current dilemma, but both of these solutions would be costly.