25-08-2020 13:53
Although the global oil and gas industry is experiencing greater uncertainty than usual due to the coronavirus pandemic, experts believe a rebound in demand will likely happen in 2021, if global economic growth recovers as projected.
11-08-2020 17:04
Despite facing the double crisis of falling oil prices and the COVID-19 pandemic, PetroVietnam achieved positive business results in the first seven months with an after-tax profit of more than VND10 trillion ($434.8 million).
06-07-2020 08:56
With huge inflation pressure on the way in the remaining months of this year, a close watch must be kept on the prices of key products like oil and pork to hit the goal of keeping inflation below 4 per cent, experts have said.
30-06-2020 15:36
Energy giant Royal Dutch Shell will take a vast charge of up to $22 billion (19.6 billion euros) due to chronic fallout from coronavirus and collapsing oil prices, it announced Tuesday.
08-06-2020 06:40
VENNA: OPEC and its allies were holding talks via video conference Saturday (Jun 6) to assess their current deal to slash production as oil prices tentatively recover on easing coronavirus lockdowns.
13-05-2020 12:28
Although facing the double crisis of COVID-19 and the lowest-ever oil price, PetroVietnam has spotted opportunities to consolidate its business and get ready for a new stage of development.
12-05-2020 12:54
Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.
09-05-2020 10:52
The latest bout of market turbulence has pushed the price of oil into negative territory, but investors can still turn the state of events to their advantage.
24-04-2020 13:00
As soon as the OPEC members have started cutting the output, the global oil price has steadily upgraded, leveraging up the local oil stocks these days.
21-04-2020 19:35
Facing the dual pressures of COVID-19 and the oil price war between Russia and the OPEC, local petroleum manufacturers foresee great plunges in revenue this year.
17-04-2020 18:53
The Ministry of Finance will focus on improving the business climate and creating favourable conditions for businesses to accelerate growth, which is important to ensure State budget revenue amid the COVID-19 pandemic's impacts on socio-economic development.
08-04-2020 14:54
PetroVietnam employees are giving their best to overcome the double impacts brought about by the biggest decrease in oil prices in the last 17 years and the global COVID-19 pandemic.
07-04-2020 16:22
The revenues of PetroVietnam and Petrolimex slumped by VND141 trillion ($6.13 billion) and VND12 trillion ($521.74 million) this year due to the dropping oil price and the COVID-19 health crisis.
01-04-2020 12:41
PetroVietnam and its subsidiaries are actively implementing solutions to cope with the double impact of the COVID-19 epidemic and the lowest oil prices in the world market in the last 17 years.
28-03-2020 17:28
Though the steep dive in global crude oil price is expected to benefit domestic logistics and production, it will not be a boon for local petrol firms and the state budget this year.