World oil prices today
World oil prices continue to rise, both oil commodities are trading at high levels, above 100 USD/barrel. At the end of yesterday's trading session (September 14), WTI and Brent oil prices increased by 1.34 USD/barrel and 1.07 USD/barrel respectively.
By this morning's session, both oil commodities continued the upward trend, at 8:25 am (Vietnam time), WTI oil price was at 102.37 USD/barrel, up 0.97 USD/barrel, equivalent to an increase of 0.96%. WTI oil price closed the previous trading session at 101.39 USD/barrel, and opened today's session at 101.91 USD/barrel.
Brent oil was at 106.61 USD/barrel, up 0.61 USD/barrel, equivalent to an increase of 0.39%. Brent oil closed the previous trading session at 106.20 USD/barrel, and opened today's session at 106.22 USD/barrel.
Tense developments in the Middle East continue to dominate the energy market. The Houthi forces in Yemen, backed by Iran, have just launched a new offensive into Saudi Arabia. The postponement of the Gulf countries' meeting with Iran also increases concerns about the spread of conflict and disruptions to oil supply.
The Houthi said they used dozens of unmanned aerial vehicles and ballistic missiles to attack King Khalid Air Force base in the city of Khamis Mushait, southwestern Saudi Arabia. The targets included fighter jet shelters, radar stations, runways and ammunition depots. The force declared this was an act of retaliation against Saudi Arabia's previous airstrikes.
Tensions increased after the Houthi expanded control in many areas of Yemen, notably Perim Island located in the middle of the Bab el-Mandeb Strait, a maritime route connecting to the southern gateway to the Red Sea.
Transportation through the Strait of Hormuz also decreased sharply. Preliminary ship tracking data on September 14 showed that the number of cargo ships through this strait at the weekend decreased to below 10 trips/day, compared to the average of 14 trips/day in the previous 10 days.
Domestic gasoline prices today
On September 15, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on September 10.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 0 VND/liter;
+ Diesel oil 0.001S - V: 0 VND/liter;
+ E10 RON 95-III gasoline: 0 VND/liter
+ E15 RON 92-II gasoline: 0 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 0 VND/liter.
+ Diesel oil 0.05S-II: 0 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase.
In which:
- E10 gasoline increases by about 2,000 VND/liter
- E5 RON 92 - II gasoline increased by about 2,100 VND/liter;
- Diesel oil increased by about 2,900 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.
