Petrol and oil imports increased until end of June 2023
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.
Inspections planned at petroleum distributors and refineries
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
Oil jumps but dollar bruised on US data
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.
Strategies considered to cope with oil shifts
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.
Thai oil refining firm TOP to expand operation in Vietnam
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.
Vietnamese oil facing significant hurdles
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.
OPEC+ agrees oil output cut to prop up prices
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.
OPEC+ to meet amid economic downturn 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.
Oil dispute sharpens Baghdad-Kurd tensions amid deadlock
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.
Malaysia's Hibiscus Petroleum Berhad makes its foray into Vietnam
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.
Pandemic restricting local oil groups
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.
OPEC to try to stem oil price plunge amid coronavirus slowdown
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.
OPEC chops global oil demand growth forecast over China virus
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.
Novel coronavirus highlights OPEC reliance on Chinese oil demand
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.
Oil market chilled by virus impact on China growth
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.
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