oil prices

Oil and gas sector counting on vital new investment cycle

September 06, 2022 | 09:00

As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world.

OPEC+ to meet amid economic downturn fears

September 05, 2022 | 15:38

Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

Construction companies weather the price hike

July 23, 2022 | 16:52

The recent cooling in the prices of some raw materials has alleviated pressure on construction companies.

Global fuel concerns force tax action

July 07, 2022 | 12:13

The government is expected to apply a scheme to pare down taxes and fees for fuel products, as well as provide sufficient fuel for the economy, in a bid to offer support and ensure desired growth.

Additional oil spike impacts cannot be ruled out

June 27, 2022 | 19:30

The Russia-Ukraine conflict has increased global oil market volatility. The economic impact of another oil price shock, should it materialise, would be significant.

Increasing oil prices setting back gas-related ventures

June 16, 2022 | 11:09

Continuing global conflicts and price rises of various commodities are undermining the development and exploitation of oil and gas fields in Vietnam, and collaborations may continue to struggle if inflation pressures persist.

Reform needed to support oil and gas industry: experts

June 15, 2022 | 13:51

Experts have raised strong support for a comprehensive reform for the draft revised Petroleum Law that will help further develop the country’s oil and gas industry.

Fuel price hike continues to worry leaders

June 01, 2022 | 09:00

The government has been asked to control the continued rise in fuel prices, which is denting pockets and putting at risk the government’s efforts to curb inflation.

Hints of mindset change in e-vehicles

April 01, 2022 | 10:14

Rising oil prices could help speed climate action by accelerating the shift to electric vehicles, but in Vietnam that would depend much on the infrastructure.

Oil prices, stocks higher after EU snubs Russia ban

March 26, 2022 | 18:13

Crude prices were higher Friday and stock markets made decent gains after European countries decided against a ban on Russian oil imports over its invasion of Ukraine -- but Germany said it would slash its energy purchases from Moscow.

High prices call for green transition acceleration

March 24, 2022 | 15:52

With the military conflict in Ukraine, energy prices have surged to their highest levels in recent times. Brent oil prices surged to $120 per barrel in early March, sharply higher than one year earlier. Natural gas prices on spot markets spiked in tandem and reached a record level of $6 per MMBtu. Global prices of coal and wheat have also sharply increased. Although spot markets tend to overreact and energy prices have partially retreated, they have not returned to previous levels.

Workers scramble to evade fuel hike

March 24, 2022 | 09:52

High fuel prices, coupled with a lack of monthly income increases, have pushed the lives of millions of workers into difficulty, with many forced to change their consumption habits, cut living costs, or switch to other jobs.

Oil prices soar on Saudi, Russian supply fears

March 22, 2022 | 11:03

Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian crude raised concerns about global supplies.

Higher oil prices temporarily supports Malaysia's economy: economist

March 12, 2022 | 12:24

The Russia-Ukraine tension appears to benefit Malaysia's position as a net oil exporter and the sharp rise in oil prices will provide temporary support for the country's fiscal position, according to World Bank senior country economist Shakira Teh Sharifuddin.