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Tag
oil price
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G7 begins to press Russia on Ukraine with oil price cap
A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, though Russia has said it will not abide by the measure even if it has to cut production.
Oil prices ease as Aramco says ready to boost crude output
Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week.
Yellen says US in talks with allies to cap Russian oil price
The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday.
June 20, 2022 | 06:28 pm PT
Oil slumps 6 pct to four-week low on recession worries, strong dollar
Oil prices tumbled about 6 percent to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.
June 17, 2022 | 04:46 pm PT
Oil falls as demand concerns weigh against tight supply
Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on crude oil.
May 5, 2022 | 06:40 pm PT
Oil extends rally on prospect of more Russia sanctions
Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over its attacks on Ukraine, raising concerns over tighter global supply, while Iran's nuclear talks with world powers stalled.
April 5, 2022 | 04:28 am PT
Oil gains as Russia-Ukraine talks stall
Oil prices extended their gains on Friday after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply.
March 18, 2022 | 01:51 am PT
Vietnam oil industry braces for impact of Russia-Ukraine conflict
Surging crude oil prices may benefit the Vietnamese oil industry, but its exploration and exploitation activities are likely to be hit by the geopolitical situation.
March 12, 2022 | 08:30 pm PT
Japan plans $3 bn domestic relief package as oil prices surge
Japan plans to help residents and businesses facing difficulty due to a surge in oil prices fuelled by the Ukraine crisis with $3 billion in relief funds, Prime Minister Fumio Kishida said Thursday.
March 3, 2022 | 04:37 am PT
Oil breaks $100, havens rally, equities drop as Russia enters Ukraine
Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a "military operation" in Ukraine, accelerating fears of a major war.
February 23, 2022 | 09:14 pm PT
PetroVietnam projects falling Q2 oil output as low prices weigh on revenue
Crude oil output from April-June is expected to fall 10 percent from the first quarter.
March 22, 2017 | 11:47 pm PT
Oil and shipping markets on edge after 'South China Sea' ruling
Brent crude oil prices jump 2 percent after The Hague rules against China on one of the world's most important shipping lanes.
July 12, 2016 | 04:26 am PT
Petrolimex hikes price of diesel
Petrolimex Corporation, Vietnam’s top oil importer and distributor, pushed up retail prices of diesel by five percent on Wednesday afternoon, while holding prices of other products.
April 20, 2016 | 02:02 am PT
Asian markets ease off pedal after rally
Asian stock markets ended a volatile first quarter on a cautious note Thursday, as upbeat sentiment fuelled by the prospect of lower US borrowing costs was offset by profit-taking after recent gains.
March 31, 2016 | 12:04 am PT
Petrolimex to sell 8 pct stake to Japanese JX Nippon & Energy
Vietnam’s leading oil importer and retailer, Petrolimex, plans to sell 8 percent stake to its strategic partner, Japanese JX Nippon & Energy, Bui Ngoc Bao, chairman of Petrolimex’s Board of Managers, told a conference Wednesday.
March 30, 2016 | 03:42 am PT
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