World oil prices today
World oil prices fluctuated today. At 11:09, WTI crude oil was at 76.46 USD/barrel, up 0.07 USD/barrel, or 0.09%. WTI crude oil closed the previous trading session at 76.37 USD/barrel and opened today's session at 76.79 USD/barrel.
Brent crude oil was at $79.90 a barrel, down $0.02 a barrel, or 0.03 percent. Brent crude oil closed the previous trading session at $79.92 a barrel and opened today's session at $80.28 a barrel.
Thus, the world oil price in yesterday's trading session (January 14) decreased sharply. At the end of the session, both Brent and WTI oil decreased by 1.35% and 1.67% respectively. By this morning's session, both oil products reversed and increased slightly.
Oil prices cooled as the market digested the US Energy Information Administration’s (EIA) short-term energy outlook, which forecasts US oil demand to remain stable at 20.5 million barrels per day in 2025 and 2026, while domestic oil production will increase to 13.55 million barrels per day, analysts said.
Abundant supplies have helped push oil prices lower. Meanwhile, the short-term impact on prices has been focused on sanctions on Russian oil. Investors expect that new U.S. sanctions on Russian oil will force buyers in India and China to look for other suppliers.
Domestic gasoline prices today
On January 15, 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 - Industry and Trade in the price management session on the afternoon of January 9, 2025. Accordingly, the prices of gasoline and oil products increased simultaneously.
Diesel oil price increased the most, 488 VND/liter, followed by kerosene, 410 VND/liter. E5 RON 92 gasoline price increased 374 VND/liter, RON 95-III gasoline increased 273 VND/liter. Mazut oil increased the least, 83 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, January 15, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 750 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 800 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 600 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 650 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 650 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 850 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 850 VND/liter; E5 gasoline: 800 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 700 VND/liter; E5 gasoline: 600 VND/liter; Diesel 0.05S-II: 700 VND/liter. Applicable to the Northern region.
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 will likely continue to increase.
Accordingly, the price of RON 95-III gasoline is forecast to increase by 230 VND/liter; E5 gasoline by 340 VND/liter; and Diesel oil by 530 VND/liter.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.
