World oil prices today
World gasoline and oil prices recorded a sharp weekly decrease. At the end of a trading week, WTI crude oil was at 90.54 USD/barrel last weekend, down to 84.88 USD/barrel this weekend. For the whole week, WTI oil prices decreased by 5.66 USD/barrel, equivalent to a decrease of 6.25% compared to the previous week.
Brent oil was at 93.09 USD/barrel last weekend, up to 87.33 USD/barrel this weekend. Overall last week, Brent oil prices decreased by 5.76 USD/barrel, equivalent to a decrease of 6.19% compared to the previous week.
According to analysts, oil price movements in the past time have mainly been affected by the conflict in the Middle East and signals related to the negotiation process between the US and Iran to de-escalate tensions in the region.
Oil prices fell as the market welcomed positive information from negotiations between the US and Iran. Downward pressure increased after Iran said that the two sides had reached a draft memorandum of understanding. In addition, Iran and Israel's announcement to stop mutual attacks at the call of US President Donald Trump also caused oil prices to plummet due to concerns about the risk of supply disruption and decline.
Experts say that ship traffic through the Gulf and oil exports through the Strait of Hormuz are gradually recovering, although negotiations between the US and Iran to end the conflict that has lasted for more than three months have not made much significant progress.
Last week, US President Donald Trump canceled plans to airstrike Iran after talks with Iranian leaders and some countries in the region recorded positive progress. However, he did not disclose details of the contents that the parties were said to have reached a consensus on.
According to analysts, new developments are continuing to dominate oil market sentiment. Increasing expectations about the possibility of the US and Iran reaching an agreement have contributed to reducing concerns about the risk of supply disruption, while paving the way for oil transportation through the Strait of Hormuz to return to normal.
Meanwhile, data from the US Energy Information Administration (EIA) shows that the country's crude oil inventory decreased sharply. In the week ending June 5, US crude oil inventory decreased by 7.2 million barrels, to 426.5 million barrels, significantly higher than the decrease of 4 million barrels predicted by Reuters' survey analysts. The main reason is that oil refineries are increasing operations to cope with the risk of supply shortages from the Middle East.
In the opposite direction, the Organization of the Petroleum Exporting Countries (OPEC) still maintains an optimistic view on the prospects of global oil consumption demand. OPEC forecasts that oil demand in 2027 will increase by an additional 1.73 million barrels/day, 190,000 barrels/day higher than the previous forecast.
Domestic gasoline prices today
On June 14, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The retail price of domestic gasoline and oil mentioned above was adjusted by the inter-Ministry of Industry and Trade - Finance from 3 pm on June 1. In which the price of E5RON92 gasoline decreased by 452 VND/liter; E10 RON95-III gasoline decreased by 270 VND/liter; diesel oil 0.05S decreased by 989 VND/liter; mazut oil 180 CST 3.5S decreased by 1,037 VND/kg.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 100 VND/liter;
+ Diesel oil 0.001S-V: 200 VND/liter.
+ E10 RON 95-III gasoline: 200 VND/liter
+ E5 RON 92 - II gasoline: 200 VND/liter
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse, Hai Phong: Diesel Oil 0.05S: 800 VND/liter; E10 RON 95-III gasoline: 800 VND/liter.
+ Bac Ninh Warehouse: Diesel oil 0.05S: 650 VND/liter.
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 RON 95 - III gasoline: 100 VND/liter.
+ Diesel oil 0.05S-II: 150 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
