World oil prices today
World gasoline and oil prices fluctuated sharply. At the end of the weekend trading session, oil prices simultaneously fell sharply, WTI oil price was at 87.36 USD/barrel, down 1.54 USD/barrel, equivalent to a decrease of 1.73%. WTI oil closed the previous session at 88.90 USD/barrel and opened the weekend session at 88.61 USD/barrel.
Brent oil price was at 91.12 USD/barrel, down 1.58 USD/barrel, equivalent to a decrease of 1.70%. Brent oil closed the previous session at 92.70 USD/barrel and opened today's session at 92.34 USD/barrel.
According to analysts, investors are placing high hopes on the possibility of the US and Iran soon reaching a ceasefire agreement. The market currently believes that the negotiation process between the two sides may take place smoothly and faster than expected.
The conflict that has lasted for more than 3 months has continuously raised expectations of ending fighting and reopening the Strait of Hormuz - a shipping route that transports about 20% of global oil and natural gas (LNG) supplies. However, although both Washington and Tehran have sent positive signals about the prospects of negotiations, there are still significant differences in the approach and terms of the agreement.
Iranian media reported that the draft agreement mentions reopening the Strait of Hormuz, but the implementation will depend on the conditions and mechanisms determined by Tehran. Meanwhile, US President Donald Trump continued to call on Iran to quickly fully restore traffic through this strategic shipping route in order to reduce pressure on the global energy market.
Some experts believe that the US and Iran have reached preliminary agreements regarding the extension of the ceasefire and gradually easing restrictions on maritime activities through the Strait of Hormuz. However, the traffic flow through this area is still significantly lower than before the conflict broke out.
The reopening of the Strait of Hormuz is assessed to contribute to reducing supply pressure on the oil market in the short term, but the process of fully restoring transportation and trade through this route still needs more time.
In the opposite direction, the US Energy Information Administration (EIA) said that US crude oil, gasoline and distillate inventories all decreased last week due to increased consumption demand. Meanwhile, US oil exports decreased by 1.16 million barrels/day, to 4.4 million barrels/day.
Domestic gasoline prices today
On May 30, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The retail price of domestic gasoline and oil mentioned above was adjusted by the inter-Ministry of Industry and Trade - Finance from 3 pm on May 28. Accordingly, the price of E5RON92 gasoline decreased by 1,082 VND/liter; RON95 gasoline decreased by 1,395 VND/liter; diesel oil 0.05S decreased by 1,110 VND/liter; mazut oil decreased by 1,041 VND/kg.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,250 VND/liter;
+ Diesel oil 0.001S-V: 1. 100 VND/liter at Duc Giang warehouse;
+ E5 RON 95 - III gasoline: 1,500 VND/liter
+ E10 RON 92 - II gasoline: 1. 450 VND/liter
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse: Diesel oil 0.05S: 1. 450 VND/liter; Gasoline RON 95 - III: 1. 650 VND/liter.
+ Petec Warehouse, Dinh Vu: Diesel oil 0.05S: 1. 450 VND/liter; E10 gasoline: 1. 650
+ Bac Ninh Warehouse: Diesel oil 0.05S: 1. 450 VND/liter; Gasoline RON 95 - III: 1. 400 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.
