World oil prices today
World oil prices fluctuated in different directions in today's trading session, September 14 (Vietnam time). WTI crude oil was at 68.65 USD/barrel, down 0.32 USD/barrel, or 0.46%. WTI crude oil closed the previous trading session at 68.97 USD/barrel, opening today's session at 69.31 USD/barrel.
Brent crude oil was at $72.18 a barrel, up $0.21 a barrel, or 0.29 percent. Brent crude oil closed the previous session at $71.97 a barrel and opened today at $72.20 a barrel.
Hurricane Francine cut US Gulf of Mexico oil production by 730,000 barrels on September 12, nearly 42% of the region’s oil output, according to analysts. However, the impact of Francine may be short-lived, as it quickly weakened after making landfall in Louisiana and the oil market will soon return its attention to weak global demand.
In addition, during the week, the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) both lowered their forecasts for global demand growth, citing economic difficulties in China - the world's largest oil importer.
Domestic gasoline prices today
On September 14, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:
The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Ministry of Industry and Trade in the price management session on the afternoon of September 12. Accordingly, the price of RON 95-III gasoline decreased by VND 1,190/liter, E5 RON 92 gasoline decreased by VND 1,080/liter, diesel oil price decreased by VND 930/liter, retail kerosene decreased by VND 934/liter, and fuel oil price decreased by VND 688/kg.
Gasoline discount today
Discount prices of petroleum products today, September 14, at some domestic petroleum dealers are as follows:
PV OIl discounts on September 14 as follows: Oil discount: 1,500 VND/liter; RON 95 - III gasoline: 1,150 VND/liter; E5 gasoline: 950 VND/liter.
Tu Luc Petroleum discounts on September 14 as follows: Oil discount: 1,450 VND/liter; RON 95 - III gasoline: 1,100 VND/liter; E5 gasoline: 900 VND/liter.
MIPEC gasoline discount on September 14: RON 95 - III discount: 1,000 VND/liter; E5 gasoline: 800 VND/liter; oil: 1,600 VND/liter.
Forecast of domestic gasoline prices next period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices may be adjusted in opposite directions.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 17 times and decreased 19 times. Oil prices have increased 16 times and decreased 20 times.
