Price management tweaks urged for petrol retailers
March 09, 2023 | 10:21
Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.
Capital roadblocks hindering nation’s oil and gas prospects
December 29, 2022 | 11:09
As the Vietnamese market continues to wait for large oil and gas projects to launch, the focus lies on small-scale ventures and innovative investment attraction schemes to profit from the world’s high oil prices.
Growth ahead for oil and gas businesses
December 29, 2022 | 11:00
Oil and gas companies could cash in on the current oil prices that are forecast to remain high in 2023, which is also an important factor promoting increased investment in the sector.
Funds required for Vietnam’s petroleum reserves
December 29, 2022 | 09:00
Vietnam’s plan to raise its crude oil reserves to 2.2 million tonnes by 2025 will be an uphill task, even though the country’s production output is currently reaching 340,000 barrels per day.
Vietnam acts to ensure stability of oil in face of global squeeze
October 14, 2022 | 07:00
Vietnam will ensure the stability of its fuel supplies in all circumstances in a bid to ensure the smooth operations of the domestic market.
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.
Volatility forces balancing act for Vietnam’s petrol market
September 22, 2022 | 11:00
Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.
Understanding global oil and gas sector management
September 22, 2022 | 08:00
Decree No.95/2021/ND-CP on petroleum trading officially took effect at the beginning of the year and was expected to strengthen the market.
Balancing the effects of global oil price fluctuations
September 14, 2022 | 10:00
Global oil prices are predicted to bounce back at the year-end, despite continued geopolitical tensions. Luong Van Khoi, vice president of the National Centre for Socio-economic Information and Forecast, spoke with VIR’s Nguyen Huong about how Vietnam’s socioeconomic development could be affected.
Economists petrol stabilisation fund to be scrapped
September 13, 2022 | 16:46
Economists and industry experts have voiced concerns over the petrol stabilisation fund continuing as a tool to keep prices down, deeming it too ineffective to make a real difference.
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.
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.
Eurozone stocks, euro tumble as Russia fuels energy crisis
September 06, 2022 | 10:40
Eurozone stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.
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.
Oil and gas sector counting on vital new investment cycle
September 06, 2022 | 09:00
As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world.
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