World oil prices today
World gasoline and oil prices continued to fall sharply. At the end of yesterday's trading session (August 26), Brent and WTI oil prices fell by 0.84% and 0.16% respectively. During the session, both types of oil at one point fell to the lowest level since August 10.
By this morning's session, both oil commodities continued the downward trend. At 7:55 am (Vietnam time), WTI oil price was at 81.80 USD/barrel, down 0.43 USD/barrel, equivalent to a decrease of 0.52%. WTI oil price closed the previous trading session at 82.23 USD/barrel, and opened today's session at 82.06 USD/barrel.
Brent oil was at 86.53 USD/barrel, down 0.02 USD/barrel, equivalent to a decrease of 0.02%. Brent oil closed the previous trading session at 86.55 USD/barrel, and opened today's session at 86.54 USD/barrel.
World oil prices fell amid investors monitoring negotiations between Iran and Oman related to the Strait of Hormuz, along with new developments in the Middle East conflict.
According to TASS on August 26, the US has no plans to launch new military attacks on Iran in the near future. Instead, Washington is expected to focus on other pressure measures on Tehran, including sanctions.
US officials said Washington will continue to increase economic pressure on Iran through sanctions and sea blockades, while seeking to bring the increasing amount of oil out of the Strait of Hormuz.
The downward momentum of oil prices narrowed after official figures showed that US crude oil inventories increased lower than expected last week.
The US Energy Information Administration (EIA) said that the country's crude oil inventory increased by 95,000 barrels, to 428.9 million barrels in the week ending August 21.
Domestic gasoline prices today
On August 27, 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 August 20.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,500 VND/liter;
+ Diesel oil 0.001S - V: 1,600 VND/liter;
+ E10 RON 95-III gasoline: 1,250 VND/liter
+ E15 RON 92-II gasoline: 1,250 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 1,000 VND/liter.
+ Diesel oil 0.05S-II: 2. 100 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 decrease.
In which:
- E10 gasoline reduced by about 0-50 VND/liter
- E5 RON 92 - II gasoline reduced by about 0-50 VND/liter;
- Diesel oil decreased by about 600 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.
