Crude oil

US imposes new sanctions targeting Iranian oil

|

The US Treasury Department has announced the imposition of new sanctions targeting an Iranian oil smuggling network and a Hezbollah-controlled financial institution.

Dozens of tons of crude oil discovered drifting ashore in Hue

|

HUE - A large amount of black crude oil was discovered drifting ashore in Lang Co town (Phu Loc district, Hue city).

Oil Market Forecast 2025

|

China and the US will shape the world oil market in 2025.

Leak detected in major pipeline transporting oil to Germany

|

A new leak was discovered at the Druzhba oil pipeline in western Poland on December 1.

BRICS could be given oil and gas exploitation rights by Venezuela

|

Venezuela has said it may transfer oil and gas exploitation rights to its BRICS allies.

China rescues $5 billion oil pipeline

|

Chinese banks are among those rescuing the $1 billion pipeline in Africa after Western financial firers left.

Germany, Poland shape plans to shift away from Russian oil

|

Germany and Poland have pledged to stop buying Russian oil by the end of this year. The plan of the two countries to implement in this direction is starting.

Germany is confident that it does not need Russian oil for Rosneft's old factory

|

The German government is confident that an important refinery could continue operations even if it begins a ban on Russian oil in the coming days.

US strengthens global energy supplier position in 2023

|

The US has become a global crude oil exporter in recent years, but since World War II, US oil exports have not exceeded imports. That could change in 2023.

A major oil pipeline in the US has been closed after an overflow incident of 14,000 oil barrels

|

The Keystone oil pipeline in the US was closed after more than 14,000 crude oil fields spilled into a canal in Kansas, becoming one of the largest crude oil spills in the US in nearly a decade.

China aggressively imports oil from Russia

|

China's oil imports from Russia increased by 22% in the first 9 months of 2022 compared to a year earlier, but behind leading supplier Saudi Arabia.

World oil prices drop simultaneously

|

In the trading session on May 24 (Vietnam time), Brent oil price "anh" at 113.2 USD/barrel, while US WTI was trading at 109.9 USD/barrel, down 0.40 USD, equivalent to 0.36%.