World oil prices today
World oil prices fell across the board on November 30 (Vietnam time). At the end of the weekend trading session, WTI crude oil was at 68.14 USD/barrel, down 0.58 USD/barrel, or 0.84%. WTI crude oil closed yesterday's trading session at 68.72 USD/barrel and opened today's session at 68.88 USD/barrel.
Brent crude oil was at $71.84 a barrel, down $0.57 a barrel, or 0.79 percent. Brent crude oil closed the previous session at $72.78 a barrel and opened today at $72.46 a barrel.
Thus, world oil prices fluctuated strongly in the last trading session of the week when they maintained an upward momentum from the beginning of the session, but by the end of the session, both WTI and Brent crude oil simultaneously turned down. At the end of the trading session, both oil products decreased by about 0.80%.
According to analysts, world oil prices turned down due to concerns about supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to extend the production cut agreement.
A ceasefire between Israel and Hezbollah that took effect on November 27 has reduced oil risk premiums, sending prices plunging despite accusations by both sides of violating the agreement.
Domestic gasoline prices today
On November 30, 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 28. Accordingly, all gasoline and oil products increased. The price of E5 RON 92 gasoline increased by 497 VND/liter; RON 95-III gasoline increased by 329 VND/liter; diesel increased by 268 VND/liter; kerosene increased by 221 VND/liter; and fuel oil increased by 111 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, November 30, at some domestic petroleum dealers:
PVOIL discounts on November 30 as follows: Diesel discount (0.005S-V): 1,500 VND/liter; Diesel discount (0.001S-V): 1,400; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,150 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on November 30 as follows: Diesel discount (0.005S-V): 1,450 VND/liter; Diesel discount (0.001S-V): 1,350; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,100 VND/liter.
MIPEC gasoline discount on November 30: RON 95 - III gasoline discount: 1,000 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,400 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 may decrease.
The forecasted decrease is about 200-400 VND/liter. Of which, RON 95 gasoline may decrease about 430 VND/liter, E5 gasoline may decrease 125 VND/liter, and Diesel oil may decrease 405 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 25 times. Oil prices have increased 21 times and decreased 26 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.
