OPEC+
Risk of supply exceeding demand by 4 million barrels/day, OPEC+ temporarily slows production growth
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The OPEC+ oil alliance agreed to increase oil production slightly but was cautious about further steps.
Gasoline prices plummet - short-term joy, long-term worries
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Gasoline prices hit a multi-year low as OPEC+ accelerated production amid weakening global demand.
Saudi Arabia shakes the global oil market
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Saudi Arabia is no longer playing by the old rules, and when this "petropoleum giant" changes, the global market will feel the earthquake.
The Russian budget faces a storm
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Russian Urals are sliding to $50 a barrel, could seriously weigh on Moscow's budget.
BRICS oil giant joins OPEC+
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Brazil, a BRICS member, has decided to join the group of major oil exporters OPEC+, marking a turning point in its energy strategy.
The world's largest oil exporter could cause difficulties for Russia
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The move by the world's largest oil exporter Saudi Arabia could threaten Russia's budget amid tensions.
Russia's move disrupts the global oil market
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Russia has exacerbated the overall decline in seaborne oil transportation worldwide.
The truth about Russia's disagreement with OPEC+ on oil and gas
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Excessive oil production by some OPEC+ members, including Russia, is a concern.
Oil prices continue to plummet after OPEC+'s decision
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In the trading session on December 2 (Vietnam time), oil prices continued to decrease by more than 2% due to market caution with the latest output cut by OPEC+ and stagnant production activities in the world.
Potential low production cuts push oil prices down
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On May 26 (Vietnam time), oil prices plummeted after Russian Deputy Prime Minister Alexander Novak lowered OPEC+'s prospects for further output cuts at next week's meeting.
The prospect of increased demand causes oil prices to climb
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In the trading session on April 25 (Vietnam time), oil prices turned to increase after investors were optimistic that fuel demand in China will be boosted during the upcoming holiday in this East Asian country.
Oil prices move sideways waiting for signs of recovery
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In the trading session on April 19 (Vietnam time), oil prices moved sideways as optimistic economic data in China compensated for concerns that the possibility of a US interest rate hike could reduce growth in this world's leading oil consuming country.
Concerns about supply shortages continue to support oil prices
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In the first trading session of the week on April 10 (Vietnam time), oil prices continued to increase due to concerns about tightening supply.
