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China defies sanctions to make Russia its biggest oil supplier in 2023

China defies sanctions to make Russia its biggest oil supplier in 2023

Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants.
PM calls on Romanian oil industry to invest in Vietnam

PM calls on Romanian oil industry to invest in Vietnam

PM seeks Japanese bank's support for reforming Nghi Son oil refinery

PM seeks Japanese bank's support for reforming Nghi Son oil refinery

Fuel prices plunge to four-month low

Fuel prices plunge to four-month low

RON95 gasoline and diesel prices on Thursday afternoon both dropped to the lowest since July 21.
December 7, 2023 | 03:15 am PT
Saudi Arabian firm seeks to set up refinery in Vietnam

Saudi Arabian firm seeks to set up refinery in Vietnam

Saudi Arabia’s state-owned oil and gas company Aramco is looking for opportunities to build a refinery in Vietnam.
October 19, 2023 | 10:50 pm PT
Vietnam needs $11.4B to build fuel storage infrastructure

Vietnam needs $11.4B to build fuel storage infrastructure

Vietnam needs to invest VND270 trillion ($11.42 billion) by 2030 to develop infrastructure for gas and oil storage.
July 18, 2023 | 07:54 pm PT
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.
March 8, 2023 | 05:56 pm PT
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
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