World oil prices today
World oil prices fell across the board on November 15 (Vietnam time). At 11:22 a.m., WTI crude oil was at $68.28 per barrel, down 0.42 USD/barrel, or 0.61%. WTI crude oil closed the previous session at 68.70 USD/barreland opened today's session at 68.56 USD/barrel.
Brent crude oil was at 72.11 USD/barrel, down 0.45 USD/barrel, or 0.62 percent. Brent crude oil closed the previous session at 72.56 USD/barrel and opened today at 72.43 USD/barrel.
Thus, world oil prices continued to remain low. In yesterday's trading session (November 14), world oil prices fluctuated strongly when WTI oil reversed from the beginning of the session, while Brent oil continued to maintain its upward momentum, then simultaneously reversed to decrease. By the end of the session, both oil products rebounded with the closing price slightly increasing.
A sharp drop in US fuel inventories overshadowed concerns about oversupply amid slowing demand growth as the dollar continued to strengthen, Reuters reported. US oil inventories rose by 2.1 million barrels, 2.8 times the previous expectation of a 750,000-barrel increase.
Further weighing on oil prices during the session was the surge in the US dollar to a one-year high, and the Trump administration’s control of Congress could potentially reverse much of the energy policies of the Biden administration.
Domestic gasoline prices today
On November 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 November 14. Accordingly, all gasoline and oil products decreased simultaneously. The price of E5 RON 92 gasoline decreased by 292 VND/liter, RON 95-III gasoline decreased by 247 VND/liter, diesel oil decreased by 344 VND/liter, kerosene decreased by 306 VND/liter, and fuel oil decreased by 385 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, November 15, at some domestic petroleum dealers are as follows:
PVOIL discounts on November 15 as follows: Diesel discount (0.001S-V): 1,450 VND/liter; Diesel (0.001S-V): 1,400; RON 95 - III gasoline: 1,200 VND/liter; E5 gasoline: 1,100 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on November 15 as follows: Diesel discount (0.001S-V): 1,400 VND/liter; Diesel discount (0.001S-V): 1,350; RON 95 - III gasoline: 1,150 VND/liter; E5 gasoline: 1,050 VND/liter.
MIPEC gasoline discount on November 15: RON 95 - III discount: 1,150 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,300 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 price adjustment period this afternoon, petroleum prices may decrease.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 21 times and decreased 24 times. Oil prices have increased 20 times and decreased 25 times.
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.
