24-03-2020 15:56
As petroleum producers maintain output, the global oil price is forecast to keep plunging amidst the COVID-19 pandemic.
24-03-2020 11:31
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.
23-03-2020 10:52
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.
20-03-2020 10:01
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.
17-03-2020 22:57
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.
13-03-2020 10:25
PetroVietnam is implementing urgent tasks to cope with the double impact of the COVID-19 epidemic and the declining oil prices.
09-03-2020 20:13
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.
03-03-2020 14:18
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.
13-02-2020 15:51
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.
01-02-2020 09:18
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.
27-01-2020 21:27
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.
05-01-2020 12:50
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.
13-12-2019 13:24
Vietnamese shares advanced on Friday morning as positive moves of global crude helped boost the local petroleum sector.
21-11-2019 10:04
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.
18-11-2019 16:03
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.