Oil price

| 08/10/2022 - 13:59

In the trading session on October 8 (Vietnam time), world oil prices increased by about 4% as the market recorded increasing pressure on supply shortages after the decision to cut production sharply by the Organization of the Petroleum Exporting Countries and its allies (OPEC +) from next November.

| 07/10/2022 - 14:38

In the trading session on October 7 (Vietnam time), world oil prices continued to remain high after OPEC+ agreed to tighten global supply with an agreement to cut the production target of 2 million barrels/day - the largest decrease since 2020.

| 06/10/2022 - 15:03

In the trading session on October 6 (Vietnam time), world oil prices increased sharply after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) reduced production by 2 million barrels/day.

| 06/10/2022 - 07:39

Saudi Arabia has denied allusion to energy weaponization, as the US accuses OPEC of siding with Russia and reducing 2 million barrels/day in oil.

| 04/10/2022 - 15:34

In the trading session on October 4 (Vietnam time), world oil prices increased by more than 4 USD due to market information that the price will decrease by 1 million barrels/day next month.

| 03/10/2022 - 15:29

In the trading session on October 3 (Vietnam time), world oil prices increased by more than 2 USD. Meanwhile, domestic gasoline prices have reached more than 20,000 VND/liter.

| 02/10/2022 - 16:12

Overall, Brent and WTI oil prices both increased by about 2% for the whole week. This is the first week of increase in oil prices after 4 consecutive weeks of decline. However, in the third quarter, Brent oil prices decreased by 23% and WTI oil decreased by 25%.

| 01/10/2022 - 15:25

In the context that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may cut production at the meeting next week, oil prices at the end of the weekend decreased slightly.

| 28/09/2022 - 14:19

In the trading session on September 28 (Vietnam time), world oil prices increased by more than 2% as the market raised concerns about supply disruptions from the Gulf of Mexico due to the impact of the storm.

| 27/09/2022 - 14:17

In the trading session on September 27 (Vietnam time), world oil prices decreased in the context of major markets likely to fall into economic recession next year.

| 26/09/2022 - 17:12

In the trading session on September 26 (Vietnam time), world oil prices increased slightly again after plummeting last weekend in the context of concerns that energy supply from Russia could decrease sharply.

| 24/09/2022 - 16:10

In the trading session on September 24 (Vietnam time), world oil prices fell sharply - to an 8-month low when the USD reached its highest level in more than two decades.

| 24/09/2022 - 12:33

Russia must find new crude oil customers and face more expensive logistics costs to deliver to further destinations.

| 23/09/2022 - 15:44

In the trading session on September 23 (Vietnam time), world oil prices increased by nearly 1% due to concerns about Russian supply and demand recovery in China.

| 22/09/2022 - 16:22

In the trading session on September 22 (Vietnam time), world oil prices decreased by more than 1% after the US Federal Reserve (Fed) announced an interest rate increase to 3 - 3.5% to curb inflation.