Vietnam’s biggest fuel wholesaler sees profits eaten up by loss-making Singapore subsidiary

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Báo Tuổi Trẻ English 15 hour(s) ago

Vietnam’s biggest fuel wholesaler sees profits eaten up by loss-making Singapore subsidiary

The Vietnam National Petroleum Group (Petrolimex), which holds the largest market share of fuel distribution in the country with over 48 percent, has reported losses in 2014, mostly due to its loss-making subsidiary in Singapore.

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Oil market extends losses under stronger dollar

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Báo Đầu Tư English 2 day(s) ago

Oil market extends losses under stronger dollar

World oil prices finished lower in choppy trade on Wednesday as the strong dollar weighed and a potential rise in Iraq exports heightened global oversupply worries.

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Petrolimex to sell large stake to JX Nippon Oil & Energy

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Báo Đầu Tư English 2 day(s) ago

Petrolimex to sell large stake to JX Nippon Oil & Energy

The Viet Nam National Petroleum Group (Petrolimex) is accelerating negotiations with its strategic Japanese investor, JX Nippon Oil and Energy, to sell 15-25 per cent of its stakes through a share issue to raise charter capital.

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Year-to-date 30% hike in gasoline price reasonable: Vietnam minister

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Báo Tuổi Trẻ English 3 day(s) ago

Year-to-date 30% hike in gasoline price reasonable: Vietnam minister

A 30-percent rise in local gasoline prices in the year to date is reasonable because the global oil price has surged 38 percent since February, Vietnamese Minister Finance Dinh Tien Dung said during a recent TV program.

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Petrolimex to sell large stake to JX Nippon Oil & Energy

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VietnamPlus English 3 day(s) ago 2 related news

Petrolimex to sell large stake to JX Nippon Oil & Energy

The Vietnam National Petroleum Group (Petrolimex) is accelerating negotiations with its strategic Japanese investor, JX Nippon Oil and Energy, to sell 15-25 percent of its stakes through a share issue to raise charter capital.

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Petrolimex to sell large stake to JX Nippon Oil & Energy

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VietnamNet English 3 day(s) ago 2 related news

The Viet Nam National Petroleum Group (Petrolimex) is accelerating negotiations with its strategic Japanese investor, JX Nippon Oil and Energy, to sell 15-25 per cent of its stakes through a share issue to raise charter capital.

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Petrolimex to sell large stake to JX Nippon Oil & Energy

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VietNam News English 3 day(s) ago 2 related news

Petrolimex to sell large stake to JX Nippon Oil & Energy

The Viet Nam National Petroleum Group (Petrolimex) is accelerating negotiations with its strategic Japanese investor, JX Nippon Oil and Energy, to sell 15-25 per cent of its stakes through a share issue to raise charter capital.

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SBV suspends GP Bank leaders

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VietNam News English 3 day(s) ago 1 duplicate news

The State Bank of Vietnam (SBV) announced yesterday that it recently suspended the rights and obligations of the representatives of Global Petroleum Joint Stock Commercial Bank (GP Bank).

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Second gasoline price surge in May

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Báo điện tử CP English 1 week(s) ago 2 related news

Second gasoline price surge in May

VGP - Gasoline prices have increased for the second time this month, up by VND1,200 (six cents) per litre.

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California governor declares state of emergency after oil spill

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

California governor declares state of emergency after oil spill

California Governor Jerry Brown issued an emergency proclamation on Wednesday for Santa Barbara County where crews are working to clean up the largest oil spill to hit the local coastline in nearly two decades.

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Gasoline prices rise by 6 cents

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VietNam News English 1 week(s) ago 2 duplicate news 2 related news

The ministries of Finance and Industry and Trade yesterday enabled enterprises to increase gasoline prices by VND1,200 (six cents) per litre in the wake of increasing global fuel prices.

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Crews work to clean California beach fouled by oil pipeline spill

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Báo Tuổi Trẻ English 1 week(s) ago 1 duplicate news 2 related news

Crews work to clean California beach fouled by oil pipeline spill

Cleanup crews fanned out on Wednesday across an oil-fouled California beach to scoop up gobs of petroleum spewed from a ruptured pipeline in the largest oil spill to hit the pristine but energy-rich Santa Barbara coastline in nearly two decades.

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Gasoline price in Vietnam surges 6%, second rise in May

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Báo Tuổi Trẻ English 1 week(s) ago 2 related news

Gasoline price in Vietnam surges 6%, second rise in May

The ministries of finance and trade-industry has given the green light to the second gasoline price hike this month with a 6 percent rise, bringing the retail gasoline price to VND20,100-21,030 per liter.

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Fuel stabilisation fund hits $129m during first quarter

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VietNam News English 1 week(s) ago

The fuel price stabilisation fund balance rose to nearly VND2.8 trillion (US$129 million) during the first quarter of this year.

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Indonesia: account deficit decreases in Q1

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VietnamPlus English 1 week(s) ago

The Central Bank of Indonesia (BI) has announced the country’s current account deficit narrowed to 3.8 billion USD, or 1.8 percent of the nation’s gross domestic product (GDP) in the first quarter of 2015.

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