Oil price

| 06/09/2022 - 09:15

OPEC and its oil producers, including Russia, have agreed to cut 100,000 barrels per day to support oil prices.

| 05/09/2022 - 14:58

In the trading session on September 5 (Vietnam time), world oil prices continued to increase last week when the market learned about a supply shortage due to the G7 decision on Russian oil.

| 04/09/2022 - 16:45

This week, Brent and WTI oil prices both fell sharply, with Brent falling by 7.9% and WTI falling by 6.7%.

| 03/09/2022 - 15:17

In the final trading session of the week on September 3 (Vietnam time), world oil prices increased slightly with the expectation that the Organization of the Exporting Countries and its allies (OPEC+) will discuss cutting production at a meeting early next week.

| 02/09/2022 - 15:53

In the trading session on September 2 (Vietnam time), world oil prices continued to decrease by more than 3% as China applied blockade measures to curb the spread of COVID-19.

| 31/08/2022 - 15:23

In the trading session on August 31 (Vietnam time), world oil prices fell nearly 6 USD - the strongest decrease in the past month, due to concerns about reduced fuel demand as major central banks in the world continue to increase interest rates to curb rising inflation.

| 30/08/2022 - 14:59

In the trading session on August 30 (Vietnam time), world oil prices increased by more than 4% due to the possibility of producers cutting production and conflicts in Libya.

| 29/08/2022 - 15:03

Worried about the global economic downturn causing weak demand, oil prices entered the trading week on August 29 (Vietnam time) and turned down again.

| 28/08/2022 - 14:48

Faced with the possibility that major oil producers may cut production, world oil prices recorded a week of strong price increases with Brent oil increasing by 4.4%, WTI oil increasing by 2.5%.

| 28/08/2022 - 08:54

Norway will not force its companies to sell energy, including gas, under fixed-priced contracts, the Norwegian Oil and Gas Minister affirmed.

| 27/08/2022 - 15:50

On August 27 (Vietnam time), world oil prices increased as new data on the US economic situation eased concerns about the risk of recession.

| 26/08/2022 - 13:58

In the trading session on August 26 (Vietnam time), world oil prices fell about 2 USD in the context of investors preparing for Iran's oil exports and fearing that the increase in US interest rates will reduce fuel demand.

| 24/08/2022 - 14:57

In the trading session on August 24 (Vietnam time), world oil prices increased by nearly 4% after Saudi Arabia's SE out pitched the idea of cutting output from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to support prices in case Iran's crude oil returns to the market.

| 23/08/2022 - 15:23

In the trading session on August 23 (Vietnam time), oil prices increased slightly when the market received information that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may cut production before the possibility of an Iran nuclear deal could be reached. This could bring Iranian crude oil back to the market.

| 22/08/2022 - 15:25

In the trading session on August 22 (Vietnam time), world oil prices plummeted, losing more than 1% due to concerns that the US's strong interest rate increase policy could lead to a global economic recession and reduce fuel demand.