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State-run oil giant continues proposing tax cut for locally refined fuel

It is the third time PetroVietnam has appealed for a tax break to help clear the unsold stock at Vietnam’s sole refinery,  stressing that the plant will have to be temporarily suspended without timely assistance. 

Asian shares, oil retreat as Saudi plays down output cuts

TOKYO/SINGAPORE - Asian shares fell on Wednesday as oil prices skidded after Saudi Arabia effectively ruled out production cuts by major producers anytime soon, sending investors into safe-havens such as the yen and gold.

Oil prices fall as oversupply worries return

Singapore, Singapore - Oil fell in Asia on Thursday, ending a brief rally stoked by news US gasoline inventories fell after OPEC kingpin Saudi Arabia shot down hopes for an output cut.
March 04, 2016 | 03:18 pm GMT+7

Fraud by remote control at Hanoi gas stations

Police have uncovered a scam cheating customers by manipulating gas pump meters.
March 16, 2016 | 12:00 pm GMT+7

Vietnamese in France protest against Chinese oil rig in East Sea

More than 300 Vietnamese in France held a demonstration on January 23 to protest China's increased "illegal" activities in the East Sea, VnExpress reports.
March 16, 2016 | 12:01 pm GMT+7

Oil slide, strong dollar drag Asian shares lower

Crude posted its biggest loss in six weeks after news US commercial stocks surged by 9.36 million barrels last week, almost three times the prediction of analysts.
March 24, 2016 | 03:15 pm GMT+7

Biofuel plant halts production

National petroleum giant PetroVietnam has temporarily suspended production at its 100 million liter/year ethanol plant in Dung Quat due to high production costs and low sales of bio-gasoline.
March 29, 2016 | 01:51 pm GMT+7

Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze deal

Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading oil producers in Doha later this month, sources familiar with Russian plans said on Wednesday.
April 06, 2016 | 03:40 pm GMT+7

Oil hits 2016 high above $43 on producer meeting hopes

Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, a weak U.S. dollar and further signs of strong demand in China.
April 12, 2016 | 07:57 pm GMT+7

Indonesia's Pertamina plans to develop East Sea border areas

Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the East Sea to assert the country's territorial rights, the upstream director of the state-owned company said.
April 13, 2016 | 08:09 am GMT+7

Indonesian firm plans to develop South China Sea (East Sea) border areas

Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea (Vietnam's East Sea) to assert the country's territorial rights, the upstream director of the state-owned company said.
April 13, 2016 | 07:29 pm GMT+7

Vietnam’s sole oil refinery imports crude oil first time in nine months

State-owned PetroVietnam’s Dung Quat oil refinery for the first time in nine months imported 139,161 tons of crude oil for processing in March, customs data released Wednesday showed.
April 14, 2016 | 07:59 am GMT+7

Oil down ahead of producer meeting, dollar slips

Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but posted weekly gains.
April 16, 2016 | 04:49 pm GMT+7

PetroVietnam and Kuwait Petroleum Corp. eye strategic partnership

State-owned PetroVietnam and Kuwait Petroleum Corp. have agreed their cooperation could be lifted to strategic partnership.
April 16, 2016 | 05:28 pm GMT+7

Oil freeze deal faces trouble as Saudi-Iran tensions spike

A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between OPEC and non-OPEC nations, and looked set to prompt another fall in the price of crude.
April 17, 2016 | 07:17 pm GMT+7
 
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