falling oil price challenges petroleum giant operation

Falling oil price challenges petroleum giant operation

The recent plummeting of world oil prices has triggered concerns about the viability of Vietnam’s state-owned petroleum giant PetroVietnam, and how this will impact state budget revenue.
petrovietnam upbeat despite falling oil price

PetroVietnam upbeat despite falling oil price

Viet Nam National Oil and Gas Group (PetroVietnam) said yesterday that it would continue monitoring global oil prices closely in order to adjust oil exploration and production, ensuring national energy security as well as the group's economic benefits.
volatile oil price weighs on shares

Volatile oil price weighs on shares

Slumps of oil and gas shares pulled down both markets once again yesterday.
oil prices fall on higher us crude supplies

Oil prices fall on higher US crude supplies

World oil prices on Wednesday (Dec 24) resumed their downward trajectory after data showed a large increase in US oil supplies.
oil prices cut for 13th time amid global dip

Oil prices cut for 13th time amid global dip

The Viet Nam National Petroleum Group (Petrolimex) reduced retail prices for a number of fuel types since 15:00, December 22.  
vietnams richest hit hard by stock plunge following world oil slump

Vietnam’s richest hit hard by stock plunge following world oil slump

Many richest Vietnamese people on the stock market have suffered severely from the free fall of the local stock market, a knock-on effect from the recent slump of the world’s oil prices.
oil price plunge hits stocks again

Oil price plunge hits stocks again

The falling global oil prices and the OPEC's forecast of less oil demand next year caused stocks to slide again on the two stock exchanges this morning.
vietnamese stocks stay in red as gas shares tumble following oils free fall

Vietnamese stocks stay in red as gas shares tumble following oil’s free fall

Vietnamese stock market on Tuesday continued to plunge as the prices of many oil and gas stocks have fallen en masse following the free fall of world oil prices starting late last week.
oil prices tumble after iraq deal to export more oil

Oil prices tumble after Iraq deal to export more oil

US benchmark West Texas Intermediate for delivery in January fell US$2.12 to close at US$66.88 a barrel on the New York Mercantile Exchange.
falling world oil prices pose new challenges prime minister

Falling world oil prices pose new challenges: Prime Minister

Hanoi - The Government yesterday admitted that the Vietnamese economy could face new challenges from the ongoing fall in world crude oil prices.
falling oil prices hit vn index

Falling oil prices hit VN-Index

Stocks fell away yesterday on both exchanges despite improved trading, dragged down by oil and gas shares.
transport companies cut fees as fuel prices fall

Transport companies cut fees as fuel prices fall

Transport and taxi companies have moved to cut fees amid decreases in petrol and oil prices this year and complaints about their slow response.
oil price cut for fifth time petrol price unchanged

Oil price cut for fifth time, petrol price unchanged

The Vietnam National Petroleum Group (Petrolimex) slashed the retail prices of some types of oil on September 19, but the price of RON 92 petrol remains unchanged.
ministries instruct dealers to keep petrol oil prices steady

Ministries instruct dealers to keep petrol, oil prices steady

The ministries of Finance and Industry and Trade yesterday asked dealers not to raise retail prices for petrol, oil and kerosene even though they might face losses.
oil prices soar on strong us jobs data egypt turmoil

Oil prices soar on strong US jobs data, Egypt turmoil

Oil prices shot higher Friday, buoyed by optimism for a strengthening US economy after a better-than-expected job growth report and worries about unrest in Egypt.