January 27, 2010
Vietnam has narrowed the prices used to calculate oil product import tariffs by switching to a Platts 30-day average of Singapore WTI crude oil prices, a move traders said would not immediately impact demand. The Platts spread is $45 to $95 a barrel, compared to tariffs in place since last April based on crude oil [...]
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November 18, 2009
Vietnam will provide subsidies to its oil product distributors, which are all state-run, to stabilize the market if prices rise too high, Finance Minister Vu Van Ninh said on Wednesday. “The government will cover the losses incurred by distributors when oil product prices rise too steeply,” Ninh told the National Assembly, the country’s parliament, in [...]
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July 29, 2009
China, the worldâs second-biggest energy user, cut gasoline and diesel prices by at least 3.3 percent after three increases since March triggered public concern that fuel costs are too high. Pump prices for 90 octane gasoline will be set at a maximum of 5.7 yuan (US$0.83) a liter, or about $3.14 a gallon, in Beijing, [...]
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July 29, 2009
China will cut gasoline and diesel prices from Wednesday by 220 yuan (32.4 U.S. dollars) per ton, or by about 3 percent each, the National Development and Reform Commission (NDRC) announced Tuesday. A staff member works at a gas station in Hefei, capital of east China’s Anhui Province, July 28, 2009.(Xinhua/Li Jian) The retail price [...]
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June 30, 2009
China raised gasoline and diesel prices by 600 yuan (about 87.8 U.S. dollars) per tonne, starting zero o’clock Tuesday. The increase raised the price for gasoline by about 0.45 yuan per liter, or 8.6 percent, and the price of diesel by about 0.51 yuan per liter, or 9.6 percent, said the National Development and Reform [...]
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June 1, 2009
China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday. Worker in a gas station is adjusting price board in Hefei, Anhui Provice, on wee hours June 1st, 2009. China will raise gasoline and diesel benchmark retail prices [...]
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May 23, 2009
Crude futures rose slightly on Friday as the U.S. dollar dropped against the euro. The greenback fell to a four-month low against the euro on Friday. The 16-nation euro rose to 1.4011 dollars in late New York trading on investors’ concerns on the United States’ credit rating. On Thursday, Standard & Poor’s said Britain may [...]
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March 25, 2009
China said it would raise benchmark retail prices of gasoline and diesel by 290 yuan (42.46 U.S. dollars) per tonne and 180 yuan per tonne, respectively, as of midnight Tuesday. The combined photo taken on Mar. 24, 2009 shows the price boards before (top) and after (bottom) the adjustment, in Beijing, China. China said it [...]
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March 18, 2009
Chinese equities rose 0.24 percent on Wednesday led by material stocks such as coal, oil and steel. A woman looks at the share price screen at a stock trading hall in Chongqing, southwest China, March 18, 2009. China’s benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,223.73 points Wednesday, up 5.4 points, [...]
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