Crude oil
Oil tanker goes halfway around the Earth when fuel flow reverses due to Iranian conflict
|
The sharp increase in oil prices forced oil tankers to choose longer, more unusual routes, which are not economically significant under normal conditions.
Prime Minister directs the construction of gasoline and oil storage facilities in Thanh Hoa, Quang Ngai, and Ho Chi Minh City
|
Along with Thanh Hoa, the Prime Minister requested the Ministry of Industry and Trade to direct, research, and deploy the construction of other gasoline and crude oil storage facilities in Quang Ngai and Ho Chi Minh City.
The Hormuz Strait being closed for another month could push oil prices to the $150/barrel mark
|
The world is facing the risk of crude oil prices soaring to the threshold of 150 USD/barrel if the maritime route in the Strait of Hormuz is not soon cleared.
EU oil and gas has lifebuoys: African super refinery gets involved
|
A "new player" from Africa - the super oil refinery Dangote - suddenly emerged as a "cooling down" option for the EU on oil and gas.
Saudi Arabia's East-West oil pipeline runs at full capacity
|
Without going through Hormuz, Saudi Arabia's key East-West oil pipeline runs at full capacity, transporting 7 million barrels of oil/day.
Russia turns around friendly oil and gas neighbors, Europe loses priority
|
Russia signals a change in oil and gas export strategy amid global volatility, prioritizing friendly neighborliness.
Chinese corporation avoids Iranian oil, asks to open reserves when Hormuz is suffocating
|
Chinese corporation Sinopec suddenly announced that it would not buy Iranian oil, instead requesting to open a national reserve to save domestic supply.
Forgotten pipeline rescues oil market amid Hormuz blockade
|
When the Hormuz Strait was paralyzed, Saudi Arabia activated the desert-crossing oil pipeline, becoming a lifeline for global oil supplies.
Iraq freezes operations at national strategic oil fields
|
The Iraqi Oil Minister has just announced the decision to temporarily suspend production at the largest oil fields in the south of the country.
Vietnam requests Angola to provide additional supply of crude oil and gas
|
Prime Minister Pham Minh Chinh requested Vietnam - Angola to coordinate to promote the early implementation of the Memorandum of Understanding on cooperation in the oil and gas sector.
The moment the US airstrikes Iran's vital oil island
|
The US airstrike targeted many Iranian targets on Kharg Island, including Iran's runways and airport infrastructure.
Japan will provide 80 million barrels of oil for global intervention efforts
|
Japan participates in a large-scale oil discharge plan to stabilize the global energy market.
Kuwait Prime Minister agrees to consider continuing to supply crude oil to Vietnam
|
Prime Minister Pham Minh Chinh holds a phone call with Kuwait Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah.
Hormuz Strait paralyzed, China negotiates separately with Iran
|
China is secretly negotiating with Iran to ensure that oil and LNG tankers can safely travel through the Strait of Hormuz.
Petrovietnam wants to be granted the right to import crude oil and raw materials
|
Petrovietnam proposed that the Government consider granting the Group the right to import crude oil and raw materials to promptly supply domestic oil refineries.
