ExxonMobil cuts spending but predicts higher output

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Báo Đầu Tư English 6 hour(s) ago

ExxonMobil cuts spending but predicts higher output

US oil giant ExxonMobil said on Wednesday (Mar 4) it would reduce investment spending by nearly 12 per cent this year in response to lower crude-oil prices, but projected higher production.

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Oil prices rise on Libya unrest

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Báo Đầu Tư English 1 day(s) ago

Oil prices rise on Libya unrest

Oil prices turned higher on Tuesday (Mar 3) on unrest in exporter Libya and as the market expected another rise in US inventories.

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Oil firm BSR sets 6.8m-tonne production goal

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VietNam News English 2 day(s) ago

The Binh Son Refining and Petrochemical Company (BSR) is targeting the production of 6.8 million tonnes of products this year, the deputy general director of the company, Nguyen Van Hoi, said.

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Oil prices tumble on revived oversupply worries

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Báo Đầu Tư English 6 day(s) ago

Oil prices tumble on revived oversupply worries

World oil prices fell sharply on Thursday (Feb 26) as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record.

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Sliding oil prices to have ‘barbell impact': ANZ

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Báo Đầu Tư English 3 week(s) ago

Sliding oil prices to have ‘barbell impact': ANZ

Viet Nam is likely to see a ‘barbell impact' from falling oil prices, ANZ Bank economists Eugenia Victorino and Glenn Maguire said in a recent report.

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OPEC sees U.S. cuts in lower oil-supply forecast

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Báo Thanh Niên English 3 week(s) ago

David Woo of Bank of America Merrill Lynch discusses OPEC cutting its forecast for global oil-supply growth as it sees U.S. producers trimming output by 130,000 barrels per day. He speaks on "Bloomberg Surveillance."

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New refinery included in oil sector's plans

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VietnamPlus English 1 month(s) ago

Prime Minister Nguyen Tan Dung has decided to include the Victory-Nhon Hoi petrochemical and oil refinery project in the petrol sector’s plan.

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Hanoi painter grows vegetables with recycled products

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VietnamNet English 1 month(s) ago

Hanoi painter grows vegetables with recycled products

VietNamNet Bridge – Pham Trung Tuan, a freelance painter, has developed his vegetable garden at his home in a small alley of Cau Giay street in Hanoi. All the vegetables are grown with recycled waste products.

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Why OPEC is talking oil down, not up, after 48% selloff

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Báo Thanh Niên English 1 month(s) ago

Why OPEC is talking oil down, not up, after 48% selloff

If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest.

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Viet Nam, Algeria set $470m trade target for 2015

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VietNam News English 2 month(s) ago

Viet Nam and Algeria were aiming to reach US$470 million in two-way trade in 2015, up 20 per cent against last year, Commercial Counsellor Nguyen Van Mui said.

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Rockets hit three oil tanks at Libya's largest oil port

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VietnamNet English 2 month(s) ago 1 related news

Three oil tankers were hit and burned Friday in Libya's largest oil port in the oil crescent, after an attack by militias of Libya Dawn with a rocket-propelled grenade, according to a military official.

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Vietnam refinery to raise capacity by 30 pct as expansion licensed

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Báo Thanh Niên English 2 month(s) ago

Vietnam refinery to raise capacity by 30 pct as expansion licensed

A US$1.8 billion project to expand Dung Quat, Vietnam’s only operational oil refinery, has been licensed.

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Saudi Arabia seen by former adviser assuming $80 oil

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Báo Thanh Niên English 2 month(s) ago 1 related news

Saudi Arabia seen by former adviser assuming $80 oil

Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former economic adviser to the country’s government.

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OPEC will not cut output even at US$20 a barrel: Saudi

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Báo Đầu Tư English 2 month(s) ago 1 related news

OPEC will not cut output even at US$20 a barrel: Saudi

Saudi Arabia has defended a decision by OPEC last month to maintain a production ceiling of 30 million barrels per day, saying OPEC will not cut oil production even if the price drops to US$20 a barrel.

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Non-OPEC producers called on to cut oil output after rout

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Báo Thanh Niên English 2 month(s) ago 1 related news

Non-OPEC producers called on to cut oil output after rout

Oil producers outside of OPEC should cut their “irresponsible” output with excess supplies harming the market, the United Arab Emirates energy minister said.

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