oil prices

Update news oil prices

Coronavirus: Oil price at 18-year low as turmoil persists

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

State-owned enterprises face 3.7-trillion-VND loss in Q1 due to COVID-19

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth around $160 million in the first quarter of this year due to the impacts of the COVID-19 pandemic.

Coronavirus: Oil prices rise on hopes of a price war truce

US President Donald Trump said he expects Saudi Arabia and Russia to strike a deal in the next few days.

Dwindling oil prices a double-edged sword for Viet Nam's economy

Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of COVID-19.


Oil plunges in Asia as producers start price war

Failure of oil cartel Opec and ally Russia to agree to supply cuts has seen prices crash around 30%.

Thailand prepares to cope with global oil price hike

The Energy Ministry of Thailand is planning to use 1.5 billion baht (about 49 million USD) from the state Oil Fund to support local oil prices.

Oil prices rise as markets eye OPEC, non-OPEC production cuts

 Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining the global supply glut.

Oil steady in quiet holiday season trade; supply cut deal to kick in Jan 1

 Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

 Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.

Oil prices surge, smash trading volume records as OPEC and Russia agree output cut

Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut,

Energy, bank stocks lead Wall Street higher

 Stocks on Wall Street rose Wednesday led by the energy sector as oil prices rallied and as financials gained on the increasing likelihood of an interest rate hike after strong economic data.

Oil prices fall on high production despite planned OPEC output cut

Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.

European bank rebound not enough to save world stocks from further losses

 World stocks fell for a third straight day on Wednesday, depressed by growing nervousness surrounding central bank policy and the recent spike in world bond yields,

Oil dips as global supplies rise, fresh concerns over Asian economies

 Oil prices started August trading with fresh falls on Monday after several bearish reports, including rising output from OPEC, a rise in U.S. drilling and weak economic data from Asia.

Oil rally suggests supply worries wane, but for how long?

A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing,

Oil steadies near 2016 high on production outlook

 Oil steadied around its 2016 high on Friday, supported by expectations of a production freeze by major exporters and dollar weakness that have pushed prices towards a fourth straight weekly gain.

Foreigners shun local oil ventures after price slide

Reeling from the downturn of the global oil market over the last two years, foreign investors in the Vietnamese oil and gas industry are facing difficulties in finding new partners to proceed with projects currently under construction.

VN expects volatility over profits, oil prices

Vietnam's stock markets may face strong fluctuations this week as investors show concern over global oil prices and the drive for short profits from stocks that saw big jumps this week, brokerage firms wrote in their weekly reports.

Oil, European stocks gain as volatility eases

 Oil and stocks steadied on Wednesday and the dollar eased, as investors looked forward to less volatile trading, a day after world stocks recorded one of their biggest rallies in years and oil prices swung in a 10 percent range.

Oil, Asia shares see subdued end to year dominated by Fed, China

 Asian share markets looked set to end a rough, volatile year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016.