crude oil

Retail Asia25/03/2021

Vietnam’s crude oil export is plunging, partly because of depleting resources. An industrialist says the situation can only improve after new fields come online in several years. Crude exports volume from January 1 to February 15 this year fell nearly 50 percent year-on-year to 354,700 tonnes, according to Vietnam Customs. Most of Vietnam’s oil and […]

Retail Asia08/02/2019

Oil price fell about 2 percent on Thursday as the market was weighed down by concerns that global demand growth would lag in the coming year. A rebound from late December lows seemed to stall amid worries that a trade war between the U.S. and China would continue, weighing on demand. The market also contended […]

Retail Asia05/02/2019

Crude oil prices edged lower on Monday after sharp gains during the previous session but were supported by expectations of shrinking supply and signs that China-US trade tensions could ease. International Brent crude oil futures on Monday were down 20 cents, or 0.32% at 0339 GMT to $62.54 a barrel, after closing up 3.14% in […]

Retail Asia04/02/2019

SK Innovation, Korea’s largest oil refiner, said Thursday that its earnings sank 21 percent last year on lower oil prices and less demand for petrochemical goods. Net profit reached 1.69 trillion won last year, compared with a profit of 2.15 trillion won a year earlier, the company said in a regulatory filing. Operating income dropped […]

Retail Asia26/12/2018

The Nghi Son Refinery began commercial operation Sunday, and is expected to meet about 40 percent of domestic petroleum demand in 2019. Speaking at its inauguration, Prime Minister Nguyen Xuan Phuc emphasized the key role of the project. The refinery will process 200,000 barrels of crude per day in the first phase, equivalent to 10 […]

Retail Asia26/10/2018

A prime ministerial advisory body has said the state budget is overly dependent on crude oil, an unsustainable income source. The National Financial Supervisory Commission (NFSC) recently said crude oil is not a sustainable income source, both in the short and long term. In the short term, crude oil revenue can be affected by global […]

Retail Asia23/10/2018

A prime ministerial advisory body has said the state budget is overly dependent on crude oil, an unsustainable income source. The National Financial Supervisory Commission (NFSC) recently said crude oil is not a sustainable income source, both in the short and long term. In the short term, crude oil revenue can be affected by global […]

Retail Asia31/12/2015

Shares in Europe and Asia fell on Monday in trade thinned by holidays in a number of financial centres, hit by slumping oil prices and concerns over Chinese growth and finances – two of the year’s major factors. Prices of both Brent and U.S. crude fell 1.8 percent LCOc1 CLc1, reversing a brief rebound that […]

Tag: crude oil

Crude oil exports plunge as resource depletes

Oil price drops as global economic concerns grip market

Oil prices edge lower, tightening supply outlook supports

SK Innovation net falls 21% in 2018 on oil price decline

Vietnam’s largest oil refinery begins commercial operations

Vietnam to cut dependancy on crude oil

Vietnam urged to cut dependence on crude oil

All about China and oil again as shares slip