Tags: oil price

Forum on Venezuela situation held in Hanoi

Forum on Venezuela situation held in Hanoi

Real situation and outlook for Venezuela were provided at a forum jointly held by the Vietnam-Venezuela Friendship Association and Venezuelan Embassy in Hanoi on March 21.

Vietnam giants post record profits

Vietnam giants post record profits

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB).

Vietsovpetro revenue drops 28%

Vietsovpetro revenue drops 28%

Russia and Vietnam’s oil and gas exploration joint venture Vietsovpetro has exploited five million tonnes of crude oil in 2016.

Petro Vietnam hits oil target 29 days early

Petro Vietnam hits oil target 29 days early

The Vietnam National Oil and Gas Group (PetroVietnam) has reported its completed production of oil 29 days ahead of schedule, with the 14.02 million tonnes target achieved on December 2.

PetroVietnam earns over US$2.4 billion in first half

PetroVietnam earns over US$2.4 billion in first half

The National Oil and Gas Group (PetroVietnam) garnered more than US$2.4 billion from selling 8.68 million tonnes of crude oil and condensate in the first half of this year, fulfilling 37.15% of the yearly target.

Oil price scenarios developed to balance state budget

The Ministry of Finance has developed different scenarios that consider future impacts of oil price slumps for a more flexible management of the state budget in 2016, said Minister Dinh Tien Dung on January 14.

Oil ends down more than 2% as US drilling points to glut

Oil ends down more than 2% as US drilling points to glut

US oil prices traded below US$40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on August 21 on signs of US oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three decades.

PetroVietnam revenue falls 4 percent

PetroVietnam revenue falls 4 percent

Total revenue of the Vietnam Oil and Gas Group (PetroVietnam) in the first seven months of the year is estimated to fall 4 percent year-on-year due to an oil price decrease of around US$8.8 per barrel.

Iran says new sanctions from West ‘in vain’

Iran dismissed a new wave of sanctions on November 22, saying the West's attempts to isolate its economy would only serve to unite Iranians behind their government's nuclear program.

Oil rises to near US$79, gains 4.35 percent in July

US crude oil futures turned positive to end the month higher on July 30, shrugging off earlier concerns about the pace of economic growth amid mixed data and lifted by a late rally in refined products futures as August contracts expired.

Oil price rises as confidence returns

Oil price rises as confidence returns

World oil prices have risen after investor confidence returned and hopes for an end to flight disruptions due to Icelandic volcanic ash were boosted.