Gasoline price forecast to reverse down in the next operating session
Oil prices fell on Tuesday as traders considered the impact on supply from Russia-Ukraine peace talks and US-Iran negotiations, strong physical demand in the first month of the year in Asia and a cautious outlook for the Chinese economy.
StoneX analyst Alex Hodes said that a deal would pave the way for easing US sanctions and allow Iran to increase oil exports by 300,000 barrels to 400,000 barrels per day.
Prices are also supported by expectations of solid physical demand in the short term, in the context of the oil refining profit margin in Asia being at a good level.
"Asia's buying cycle started quite smoothly, but the large profit margin and end-of-manpower will still support," said Neil Crosby, an analyst at Sparta Commodities.
Currently, the market is paying attention to peace talks between Russia and Ukraine to orient Russian oil flows, which could increase supply and put pressure on prices.
"The energy market is focusing on potential peace talks, with a eventually deal that could lead to easing sanctions against Russia," ING analysts said in a note to customers.
For the domestic market, a representative of a business enterprise said that gasoline prices will fluctuate according to the world gasoline situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may have opposite adjustments. See more...
HCMC requires a minimum of 4m2/person for a rental room, improving fire safety
Da Nang fines 4 enterprises for environmental violations
On May 20, according to information from the Office of the Da Nang People's Committee, Mr. Le Trung Chinh, Chairman of the Da Nang People's Committee, signed 4 decisions to sanction administrative violations in the environmental field against enterprises in the area.
Of which, 2 enterprises were fined for operating without an environmental license. Key Tronic Viet Nam Company Limited (Lot X10, Road No. 10B ND, Hoa Khanh Industrial Park Expansion, Hoa Lien Commune, Hoa Vang District) and MP Pack Joint Stock Company (Road No. 6A, Hoa Khanh Industrial Park, Hoa Khanh Bac Ward, Lien Chieu District) were both fined from VND300 million to VND340 million. See more...
The road around Ho Chi Minh City unit market becomes a gathering place for dirty, floating food
Along the roads along Hoc Mon, Binh Dien, Thu Duc unit markets, many spontaneous markets sell food right on the roadside. From meat, organs, vegetables to seafood..., all are exposed, left on a roughly packed soil with cardboard or plastic bags. The water was flowing everywhere, flies were floating all over, but buying and selling activities were still bustling.
Ms. Tran Thi Huong - a resident living near Hoc Mon market - shared: "Every day I see trucks carrying goods coming and selling from early morning. The stench, garbage are everywhere, and dirty water flows into the sewers, covering the entire area". See more...
