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US gets warrant to seize plane owned by Russian oil firm Rosneft

US gets warrant to seize plane owned by Russian oil firm Rosneft

The United States on Wednesday obtained a warrant to seize a Boeing aircraft owned by Russian oil company Rosneft (ROSN.MM) that is valued at over $25 million, the U.S. Justice Department said.
India's oil deals with Russia dent decades-old dollar dominance

India's oil deals with Russia dent decades-old dollar dominance

U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies.
March 8, 2023 | 02:41 am PT
Oil prices edge higher as IEA's Birol talks up China demand outlook

Oil prices edge higher as IEA's Birol talks up China demand outlook

Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world's top oil importer.
February 5, 2023 | 06:35 pm PT
Gasoline prices surge alongside global oil hikes

Gasoline prices surge alongside global oil hikes

Vietnam's RON95 gasoline price rose VND990 to VND23,140 ($0.99) per liter on Monday night, while E5 RON 92 prices increased VND970 to VND22,320.
January 30, 2023 | 05:34 am PT
Diesel price falls

Diesel price falls

Diesel dropped 2.3% to VND21,630 ($0.92) per liter while gasoline prices remained unchanged Wednesday afternoon.
January 11, 2023 | 07:23 am PT
Oil gives up the year's gains, closing at 2022 low

Oil gives up the year's gains, closing at 2022 low

The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
December 7, 2022 | 05:12 pm PT
OPEC+ keeps steady policy amid weakening economy, Russian oil cap

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil on supply.
December 4, 2022 | 06:10 am PT
Biden vows consequences for Saudi Arabia after OPEC+ decision

Biden vows consequences for Saudi Arabia after OPEC+ decision

President Joe Biden pledged on Tuesday "there will be consequences" for U.S. relations with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over U.S. objections.
October 12, 2022 | 01:42 am PT
Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million barrels per day

Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million barrels per day

Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.
October 2, 2022 | 06:12 pm PT
Energy war as West caps Russian oil price, Moscow keeps gas pipe shut

Energy war as West caps Russian oil price, Moscow keeps gas pipe shut

Rich countries agreed on Friday to try to cap the global price of Russian oil, while Russia delayed the re-opening of its main gas pipeline to Germany, as both sides raised the stakes in an energy war between Moscow and the West over Ukraine.
September 2, 2022 | 05:58 pm PT
Government urged to incentivize investment in oil production

Government urged to incentivize investment in oil production

Vietnam needs to offer better incentives and bonuses to attract private and foreign investment into the oil and gas industry, experts said.
July 28, 2022 | 12:12 am PT
EU fails to agree on Russia oil embargo, to try again Monday before summit

EU fails to agree on Russia oil embargo, to try again Monday before summit

The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on an exemption for pipeline deliveries to landlocked Central European countries, officials said.
May 29, 2022 | 05:37 pm PT
Cooking oil prices skyrocket as supply disrupted

Cooking oil prices skyrocket as supply disrupted

A liter of the most affordable vegetable oil now costs VND48,000-55,000 ($2.07-2.38), 50 percent higher than at the beginning of this year and double the price two years ago.
May 18, 2022 | 10:15 pm PT
Vietnam a big oil exporter, but even bigger importer

Vietnam a big oil exporter, but even bigger importer

Vietnam exported 3.1 million tons of crude oil last year but imported 10 million tons since domestic supply only met 70 percent of demand.
May 16, 2022 | 11:47 pm PT
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