oil and gas

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.