Oil producers to extend output curbs at OPEC meeting

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Báo Đầu Tư English 6 day(s) ago

VIENNA: Oil producers inside and outside the OPEC cartel began gathering in Vienna on Tuesday (May 23) ahead of a meeting expected to agree an extension of production curbs aimed at easing a global supply glut.

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Trump's budget proposes deep cut to US oil stockpile

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Báo Đầu Tư English 6 day(s) ago

NEW YORK: President Donald Trump's budget released on Tuesday (May 23) proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has lessened the need for an emergency stockpile.

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Iraq agrees to nine-month extension of OPEC production cut

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Báo Đầu Tư English 7 day(s) ago

BAGHDAD: Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday (May 22).

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Vietnam’s fuel association calls for tax hikes as zero import duty nears

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Báo Tuổi Trẻ English 1 week(s) ago

The Vietnam Petroleum Association has proposed various measures, including increasing several domestic taxes, to help protect the petroleum sector once import duties on fuel products are gradually reduced to zero.

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S&P 500, Nasdaq end at records as oil shares gain

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Báo Đầu Tư English 1 week(s) ago

NEW YORK: The S&P 500 and Nasdaq finished at records on Monday (May 15) after an agreement between major oil exporters boosted crude prices and petroleum-linked shares.

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Start-up of Vietnam's Nghi Son oil refinery delayed to 2018

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Báo Tuổi Trẻ English 2 week(s) ago

SINGAPORE/HANOI, May 15 -- The commercial start-up of Vietnam's new $7.5 billion Nghi Son oil refinery will be delayed to 2018, from an initial expected start-up in the third quarter of this year, according to a notice on a government website.

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Vietnamese stocks boosted by bargain hunting

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

Vietnamese stocks advanced on the two local markets on Tuesday as large-cap shares were boosted by investors’ bargain hunting.

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Blue chips hit by low confidence

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Báo Đầu Tư English 2 week(s) ago 2 related news

Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory.

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Tripartite agreement fuels PJICO’s hopes

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

The cooperation between PJICO, one of the biggest non-life insurers of Vietnam, its strategic shareholder Vietnam National Petroleum Group (Petrolimex), and Samsung Fire & Marine Insurance Co., Ltd. (SFMI) is hoped to strengthen PJICO’s position and promote its development in the future.

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Japan supports Petrolimex to produce new-generation fuel dispensers

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Báo Đầu Tư English 3 week(s) ago

The Viet Nam National Petroleum Group (Petrolimex) and two Japan-based companies -- Tatsuno corporation and Nomura Trading Company -- will extend the agreement on technical cooperation and technology transfer signed between them in August 1999.

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Markets recover on bank, energy, brokerage stocks

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

Shares advanced in both local markets on Friday morning, driven by banks, brokerages and energy firms.

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VN-Index down, Petrolimex debuts

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

Việt Nam’s benchmark VN-Index closed down on Friday, erasing its early gain as large-cap shares were sent lower by strong investor selling.

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Vietnam Petrolimex valued at about $2.8 bln on market debut

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Báo Tuổi Trẻ English 1 month(s) ago

Shares of Vietnam's Petrolimex jumped 13.3 percent on debut Friday, valuing the country's top oil products distributor at around $2.8 billion, Reuters data showed.

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Petrolimex’s stocks long-term appeal unclear

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

With the listed price of VND43,200 ($1.9) per share, Vietnam National Petroleum Group (Petrolimex)’s market capitalisation stands at VND55.890 trillion ($2.46 billion), making it the ninth largest Vietnamese enterprise in this respect. However, as numerous Vietnamese blue chip stocks are losing their allure, Petrolimex’s shareholders have also raised questions about the firm’s long-term efficiency.

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PVEP, SK Innovation and Murphy complete agreements for block 15-1/05

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Báo Đầu Tư English 1 month(s) ago

The US Murphy Oil Corporation, Korea’s SK Innovation and their Vietnamese partner PetroVietnam Exploration Production Corp has completed the transaction of participation right on the petroleum sharing contract for block 15-1/05 in Cuu Long basin offshore Vietnam.

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