Gasoline price
Gasoline prices increased sharply
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Gasoline prices increased simultaneously from 3:00 p.m. today (September 26) after adjustment by the Ministry of Industry and Trade - Finance.
Brent oil price may reach 100 USD/barrel next year
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At the beginning of the trading session of the week on December 4 (Vietnam time), oil prices recovered after falling for 6 consecutive weeks.
Weak economic data causes oil prices to reverse to decrease
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In the trading session on June 9 (Vietnam time), oil prices turned down in the context of increased US gasoline reserves, weak economy in China while the US and Iran have not yet reached a nuclear deal.
Reduced reserves push oil prices higher
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In the trading session on May 24 (Vietnam time), oil prices continued to increase in the context of a tighter gasoline market and a warning from the Saudi Arabian Energy Minister to speculators increasing the possibility of further output cuts by OPEC+.
World oil prices slightly decreased, domestic gasoline may decrease by 500 VND/liter
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The possibility of the Fed raising interest rates and negotiating the US debt ceiling temporarily suspended caused oil prices to plummet in the trading session on May 20 (Vietnam time).
Russia's move causes the US to run out of oil
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The US continues to export strategic oil reserves to compensate for cutting Russia's oil production, despite depleted reserves.
World oil prices decrease, domestic gasoline prices increase
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In the trading session on November 1 (Vietnam time), world oil prices continued to decrease due to concerns about increased US mining output in the context of a stronger USD. Domestically, gasoline prices increased by more than 400 VND per liter.
World oil prices stagnate, domestic gasoline prices increase
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In the trading session on October 21 (Vietnam time), world oil prices stagnated due to concerns that inflation would reduce demand for oil. Domestically, gasoline prices increased from 200 - 840 VND, depending on the type.
World oil prices decrease, domestic gasoline prices increase by nearly 2,000 VND/liter
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On October 11 (Vietnam time), world oil prices decreased after increasing for 5 consecutive sessions due to concerns about economic recession. Domestically, gasoline prices also increased by nearly 2,000 VND/liter.
The Minister of Finance talks about solutions to stabilize gasoline prices
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Currently, there are about 500 distribution enterprises and 36 petroleum import enterprises, but there is still a shortage of petroleum in the market. The hot question for Minister Ho Duc Phoc is "What solutions does the Ministry have to ensure stable gasoline prices?".
World oil prices increase, domestic gasoline prices reach over 20,000 VND/liter
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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.
Consequences for the US when exporting record amount of LNG to the EU
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The US's record LNG exports to the EU are seen as a threat to the country's domestic gas consumption.
World oil prices decrease, domestic gasoline prices increase to more than VND21,000/liter
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In the trading session on September 21 (Vietnam time), world oil prices continued to decrease in the context of the USD price remaining high and investors waiting for the US Federal Reserve's decision to increase interest rates to curb inflation.
Oil prices increase slightly due to concerns about OPEC+ cutting production
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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.
World oil prices turn red, domestic gasoline prices remain unchanged
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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.