December 06, 2022 | 09:35
The Ministry of Industry and Trade (MoIT) is making efforts to ensure the supply sources of petroleum products in the domestic market.
October 14, 2022 | 19:02
On October 13, the Government Inspectorate of Vietnam established a delegation to inspect 15 key petroleum and gasoline trading facilities and two oil refineries
October 10, 2022 | 14:50
Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes.
September 12, 2022 | 07:00
As there is no silver lining ahead just yet when it comes to stabilised oil prices, economists and associations agree that corporate taxes should be reduced and oil reserves built to help cope with the current dilemma, but both of these solutions would be costly.
September 09, 2022 | 17:49
TOP, Thailand’s largest oil refining company by capacity, will select Vietnam as one of three destinations for its investment expansion.
September 06, 2022 | 14:00
The government is promoting energy self-reliance rapidly as global developments have significantly changed the world’s energy situation, pushing Europe into gas scarcity for this winter.
September 06, 2022 | 10:25
The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears.
September 05, 2022 | 15:38
Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
July 18, 2022 | 09:20
Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
June 07, 2021 | 16:25
Malaysian company Hibiscus Petroleum Bhd announced that its subsidiary had inked a deal with a Spanish energy company to acquire upstream assets in Vietnam.
August 11, 2020 | 12:25
The return of coronavirus in Vietnam is once again dragging down local oil businesses as a silver lining for their recovery has been rocked.
March 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.
February 13, 2020 | 09:40
The OPEC oil cartel on Wednesday (Feb 12) lowered its forecast for growth in global oil demand this year by nearly a fifth due to the impact of the coronavirus outbreak in China.
February 06, 2020 | 11:43
Fears of an economic slowdown, fuelled by the novel coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought by the world's second-biggest economy.
February 01, 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.