opec hard pressed to maintain oil price

OPEC hard-pressed to maintain oil price

As petroleum producers maintain output, the global oil price is forecast to keep plunging amidst the COVID-19 pandemic.
oil prices volatile as virus saps demand

Oil prices volatile as virus saps demand

Oil prices were mixed in volatile Asian trade on Monday (Mar 23), but remained at multi-year lows due to the double shock of the coronavirus pandemic and the Saudi-Russia price war.
oil prices fall more than us 1 as coronavirus spreads

Oil prices fall more than US$1 as coronavirus spreads

Oil prices fell more than US$1 a barrel at the start of the trading session on Sunday (Mar 22), as more governments ordered lockdowns to curb the spread of the global coronavirus pandemic that has slashed the demand outlook for crude.
petrovietnam draws up scenarios to cope with double impact on oil and gas industry

PetroVietnam draws up scenarios to cope with double impact on oil and gas industry

PetroVietnam has set up many scenarios to cope with the double impact of the Covid-19 epidemic and the nosedive of oil prices in the world market.
price stabilisation fund eases burden on oil price

Price stabilisation fund eases burden on oil price

The price stabilisation funds from the Ministry of Industry and Trade and the Ministry of Finance helped cushion the local oil market against the pressure that forced global prices into a nosedive.
petrovietnam rolls out measures to cope with covid 19 and oil prices

PetroVietnam rolls out measures to cope with COVID-19 and oil prices

PetroVietnam is implementing urgent tasks to cope with the double impact of the COVID-19 epidemic and the declining oil prices.
vietnams stocks experienced the largest one day decline since 2002

Vietnam's stocks experienced the largest one-day decline since 2002

Vietnam's stocks saw the largest decline measured over the course of a single day since 2002 as investors grow fearful of the economic fallout from the COVID-19 outbreak, coupled with the global oil price war.
opec to try to stem oil price plunge amid coronavirus slowdown

OPEC to try to stem oil price plunge amid coronavirus slowdown

The OPEC club of oil-producing countries meets Thursday (Mar 5) in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus.
smoother path expected after bumpy week for oil

Smoother path expected after bumpy week for oil

Despite global oil prices experiencing a tumultuous week due to the huge drop in Chinese oil demand, some Vietnamese oil and logistics businesses remain positive about the future.
oil market chilled by virus impact on china growth

Oil market chilled by virus impact on China growth

Oil prices have fallen victim to economic worries sparked by a deadly virus spreading from China, the world's second-biggest economy and a huge consumer of crude.
oil equities hit by fears over economic impact of deadly virus

Oil, equities hit by fears over economic impact of deadly virus

Fears over the global economic impact of the deadly China virus sent oil prices plunging more than 2 per cent on Monday (Jan 27) to extend last week's sell-off, while safe-haven assets including the yen and gold rallied.
oil rises after us killing of top iranian general fuels war fears

Oil rises after US killing of top Iranian general fuels war fears

World oil prices jumped on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of "severe" retaliation.
oil prices up vn stocks keep progressing

Oil prices up, VN stocks keep progressing

Vietnamese shares advanced on Friday morning as positive moves of global crude helped boost the local petroleum sector.
european stock markets retreat on revived trade concerns

European stock markets retreat on revived trade concerns

European stock markets slid lower on Wednesday (Nov 20) on revived concerns for a China-US trade deal after US lawmakers passed legislation to support Hong Kong civil rights, sparking anger in Beijing.
ptsc joint venture company standing on the brink of dissolution

PTSC joint venture company standing on the brink of dissolution

The nosedive in oil price has put the hundred-million-dollar joint venture between Petrovietnam Technical Services Corporation (PTSC, code: PVS) and its Dutch partner on the brink of dissolution.