oil prices tumble on dollar rally

Oil prices tumble on dollar rally

A stronger dollar pushed oil prices sharply lower on Tuesday (Mar 10), adding to fierce pressure on the market from a global supply glut.
exxonmobil cuts spending but predicts higher output

ExxonMobil cuts spending but predicts higher output

US oil giant ExxonMobil said on Wednesday (Mar 4) it would reduce investment spending by nearly 12 per cent this year in response to lower crude-oil prices, but projected higher production.
oil prices send cpi down tet ups purchasing power

Oil prices send CPI down, Tet ups purchasing power

Although Viet Nam saw its consumer price index slip in February due to plunging oil prices, purchasing power surged during the Tet (Lunar New Year) holiday.
oil prices rise on libya unrest

Oil prices rise on Libya unrest

Oil prices turned higher on Tuesday (Mar 3) on unrest in exporter Libya and as the market expected another rise in US inventories.
oil prices tumble on revived oversupply worries

Oil prices tumble on revived oversupply worries

World oil prices fell sharply on Thursday (Feb 26) as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record.
february cpi falls on spiralling oil prices

February CPI falls on spiralling oil prices

Viet Nam's consumer price index (CPI) fell by 0.05 per cent in February compared to January and 0.25 per cent from December 2014, according to the General Statistics Office (GSO).
lower oil prices interest rates should see spending improve in 2015 cbre

Lower oil prices, interest rates should see spending improve in 2015: CBRE

A stable economy is having a positive effect on consumer confidence and this together with lower oil prices and interest rates should cause spending to improve this year, Richard Leech, executive director of CBRE Viet Nam, has forecast.
oil prices slide on lofty supplies

Oil prices slide on lofty supplies

Oil prices fell on Monday (Feb 23), extending last week's slide as US crude supplies linger at historic levels.
petroleum and gasoline firms halve tet bonuses

Petroleum and gasoline firms halve Tet bonuses

Many petroleum and gasoline firms had to reduce their Tet bonuses by half due to the decrease in oil prices, according to datviet.vn
sliding oil prices to have barbell impact anz

Sliding oil prices to have ‘barbell impact': ANZ

Viet Nam is likely to see a ‘barbell impact' from falling oil prices, ANZ Bank economists Eugenia Victorino and Glenn Maguire said in a recent report.
anz expert ponders over oil price fall effects

ANZ expert ponders over oil price fall effects

As Vietnam is both an exporter of crude oil and an importer of refined products, the country should see an overall positive impact from the fall in prices. Eugenia F. Victorino, economist at the ANZ Banking Group in ASEAN and Pacific region, talks with VIR’s Ngoc Linh.
us stocks rally on corporate earnings oil prices

US stocks rally on corporate earnings, oil prices

US stocks pushed higher on Thursday (Jan 29), rallying after two down days on generally solid corporate earnings and a gain in oil prices.
petrovietnam mulls production cut as oil plunge

PetroVietnam mulls production cut as oil plunge

The Vietnam National Oil and Gas Group (PetroVietnam) is considering cutting oil production this year by around 450,000 tonnes in the context of constantly declining global oil prices.
vietnam oil giants call for help amid oil price crash

Vietnam oil giants call for help amid oil price crash

Many Vietnamese oil and gas enterprises on Friday bemoaned the challenges facing their business and called for support as oil prices show no sign of recovery.
maduro and putin discuss world oil prices

Maduro and Putin discuss world oil prices

Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discussed world oil prices at a meeting in Moscow on Thursday (Jan 15), Putin's spokesman said.