oil prices

Update news oil prices

 Do Hoang Anh Tuan, deputy minister of finance, said reduction in the world crude price to US$36 per barrel in future transactions would not affect budget revenue this year.

Falling oil prices adversely affect Vietnam economy

Many economic experts argue it is difficult for global oil prices to go up again and with the worst scenario, oil prices may drop a mere US$30/ barrel, causing a huge loss for this year’s budget revenue and heavily weighing against economic growth.

Oil prices rise amid positive demand forecast

 Domestic demand for oil is expected to see a sharp rise as the United States is embracing its highest travel volume during the Memorial Day holiday in a decade,

Oil and gas industry in 'bleak' 2014, finds survey

 The UK offshore oil and gas industry has reported its worst annual performance for four decades.

Oil prices rebound on signs of output cuts

 The price of oil rallied on Monday as investors speculated that the falling cost of crude may have ended.


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BP boss Bob Dudley: Oil prices 'low for up to 3 years'

 The boss of oil giant BP's boss Bob Dudley has said that oil prices could remain low for up to three years.

Who benefits the most from lower oil prices?

 VietNamNet Bridge – The sharp falls in oil prices have not benefited the national economy, with the exception of Petrolimex, the petroleum importer and distributor.

Oil prices rise on violence in Egypt

 Oil prices jumped Thursday as spiralling violence in Egypt raised concerns that petroleum supplies could be threatened.