December 22, 2009
The economic growth of the oil-rich Gulf Cooperation Council (GCC) nations will accelerate next year with international agencies predicting an increase in crude prices, a survey showed Monday. The majority of the senior officials among 25 firms of the United Arab Emirates (UAE) surveyed are positive about growth and believe that only a major drop [...]
Tags: Average, Barrel, dollars, Dollars Per, Dollars Per Barrel, growth, higher, Higher Oil, Oil Prices, On The Contrary, Per Barrel, prices, Spot Prices, survey, The Average, The Contrary, The Gcc, The Survey
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December 17, 2009
VietNamNet Bridge – Petroleum distributors have been called “mean” when they decided two days ago to reduce petrol retail prices by only 350-400 dong per litre. On December 15 the DO oil price in Singapore, the main petroleum supply source for Vietnam, decreased slightly to a level lower by nine dollars than November 20, the day [...]
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December 17, 2009
The Viet Nam National Petroleum Corporation (Petrolimex) yesterday, December 15, became the country’s first petroleum distributor to decrease pump prices . . . A driver fuels up at a Petrolimex petrol station in Ha Noi. (Photo: VNN)As of 3.30pm yesterday, the corporation offered A92 petrol at VND15,950 per litre, VND350 lower than its earlier price. [...]
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December 12, 2009
The world’s leading energy companies won rights to develop two major oil fields in Iraq at an auction on Friday. Delegates are seen at the second bidding round for Iraqi oil fields in Baghdad, capital of Iraq, Dec. 11, 2009. More than 40 campanies attended the bidding on Friday.Royal Dutch Shell and Malaysia’s Petronas were [...]
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November 20, 2009
The ministries of Finance and of Industry and Trade gave the approval for petrol and oil dealers to increase retail prices by VND500-1,000 per litre. The new rate increases by VND500 per litre to VND12,700 for fuel oil, VND800 per litre to VND16,300 for A92 petrol, and VND1,000 per litre to VND15,200 for diesel oil [...]
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October 20, 2009
VietNamNet Bridge – Domestic petrol prices look set to rise again following world price rises. Key petrol distributors on October 19 all confirmed petroleum prices have been increasing, which has meant difficulties for their business. In particular, they are incurring heavy loss with diesel sales. Representative from Petec say that with the current retail price, it [...]
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October 8, 2009
VietNamNet Bridge – The gold price has hit a new record surpassing the 23 million per tael threshold this morning. According to SJC Hanoi its brand name gold was traded at 22.98-23.09 million dong ($1,351-1,358) per tael this morning (sale and purchase), an increase of 100,000 dong ($5.88) per tael over yesterday afternoon. Bao Tin Minh [...]
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October 6, 2009
Scheme to track Mekong seafood; Retailers face distributor price rises; Big coal consumers pay more; Vietnam, Cambodia set up food, fertilizer companies The nation pumped up 12.8 million tonnes of crude oil in the first nine months of this year, a year-on-year increase of 16 percent and a three-year record.While there was a record crude [...]
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October 1, 2009
LookAtVietnam – The ministries of Finance and Industry and Trade yesterday approved a cut in the retail price of petrol from today, October 1. This is the first reduction in the retail price of petrol after seven increases since April.The price will fall by VND200 to VND13,800 per litre of kerosene, by VND300 to VND12,800 [...]
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September 29, 2009
LookAtVietnam – With world petrol prices declining, importers and distributors are being urged to lower the retail price. With people still suffering as a result of the economic downturn it’s hoped that that prices at the pumps will soon lower – offering savings for motorists. The price of A92 petrol imported from Singapore was reported at [...]
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