Vietnamese

energy market

Latest news related to the energy market.

Three months of Middle East conflict: World oil exports fall by 71 million tons, shipping rates soar.

The Strait of Hormuz is almost paralyzed, significantly disrupting the flow of renewable energy. Middle Eastern oil exports have fallen by 50%, while transportation costs remain at record levels.

Market

Conflicts in the Middle East caused global crude oil exports to fall by 8% in the past three months.

The disruption in the Strait of Hormuz has reshaped the world's energy flows, causing oil exports from the Middle East to fall by nearly 50% while shipping costs remain at record highs.
Oil prices cooled, and Asian stocks rose amid hopes of a US-Iran trade deal.

On the afternoon of May 25th, Asian stock markets uniformly rose, while world crude oil prices fell sharply by about 5% amid optimistic signals about an agreement between the US and...

OPEC+ plans to increase oil production quotas by 188,000 barrels per day starting in July 2026.

Seven OPEC+ member countries are expected to raise their oil production targets for the fourth consecutive month, despite the risk of supply disruptions in the Middle East and the UAE's departure from the group.
China's oil refining output hit a four-year low of 13.3 million barrels per day.

Oil refining activity in China in April 2026 fell 5.8% to its lowest level since 2022 due to negative profit margins and weakening domestic demand.
China's refined crude oil output hit its lowest level in nearly four years.

Oil refining activity in China declined in April 2026 due to negative profit margins. Production reached 13.3 million barrels per day, the lowest level since August 2022.
Vietnam's coal exports increased by 104.14% in volume during the first four months of 2026.

Total coal exports reached US$78.1 million in the first four months of 2026, marking a breakthrough in the ASEAN and Japanese markets despite a decrease in average export prices.

World oil prices today, May 14th: WTI oil surpasses $101, Brent oil maintains the $106 mark.
May 17, 2026 05:03

At the close of trading on May 13th, world crude oil prices continued their upward trend, with WTI reaching $101.58 per barrel. Meanwhile, natural gas prices increased by 0.81%, while RBOB gasoline prices decreased slightly.
Russia's crude oil production is expected to plummet by 460,000 barrels per day in April 2026.
May 14, 2026 18:02

A report from the International Energy Agency (IEA) shows that Russia's crude oil production has fallen to 8.8 million barrels per day, but crude oil exports have recorded an increase.
Russian oil production is expected to fall to 8.8 million barrels per day in April 2026.
May 14, 2026 10:30

The latest report from the IEA shows a sharp decline in Russian crude oil production, but seaborne exports are showing impressive signs of recovery.
Asian countries have significantly increased coal consumption as LNG prices have risen 62% due to conflict.
May 13, 2026 11:00

Supply disruptions from the Middle East have prompted Japan, South Korea, and Vietnam to increase their reliance on coal-fired power to ensure energy security amid rising gas costs.
Asia significantly increases coal-fired power production as LNG prices surge 62% due to Middle East conflict.
May 13, 2026 10:31

Supply disruptions from Qatar and rising LNG costs are forcing countries like Japan, South Korea, and Vietnam to prioritize coal-fired power plants to ensure energy security.
Goldman Sachs: Global oil inventories plummet, hitting an 8-year low.
May 5, 2026 12:00

Goldman Sachs warns that global oil reserves could fall to just 98 days' worth of consumption by May 2026 amid escalating tensions in the Strait of Hormuz.
Global oil inventories are near an eight-year low, and Goldman Sachs warns of supply risks.
May 5, 2026 11:31

Goldman Sachs forecasts that global oil inventories, equivalent to 101 days of consumption, will fall to 98 days by 2026 amid escalating geopolitical tensions.
OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.
May 4, 2026 12:01

The OPEC+ alliance decided to raise its production target for the third consecutive month to stabilize the market amid oil prices exceeding $125 per barrel and supply disruptions from the Strait of Hormuz...
OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.
May 4, 2026 11:30

The seven OPEC+ member countries agreed to raise their oil production targets in June 2026 to maintain market stability after the UAE left the alliance and the conflict with Iran disrupted oil supplies...
Sugar and corn prices surged due to pressure from the energy market, pushing the MXV-Index into a nine-session winning streak.
May 1, 2026 15:01

The MXV-Index rose to 2,918 points, boosted by the energy sector. World sugar prices increased by nearly 4% as Brazil prioritized ethanol production over sugar.
Oil prices surge to $126 a barrel, and Trump threatens months-long sanctions against Iran.
April 30, 2026 17:00

The global energy market was shaken on April 30th as crude oil prices surged to their highest level in four years. The direct cause stemmed from a statement by US President Donald Trump regarding...
Indian oil imports in March 2026: Middle Eastern supply down 61%, Russian oil accounts for 50%.
April 26, 2026 11:33

India's crude oil imports in March 2026 fell by 13%, to 4.5 million barrels per day. Disruptions in the Strait of Hormuz caused the share of Middle Eastern oil to fall to a record low, forcing...
US crude oil inventories rose to 465.7 million barrels, and energy exports reached a record high.
April 23, 2026 10:59

EIA data showed crude oil inventories increased contrary to forecasts, while gasoline reserves fell sharply by 4.6 million barrels. Brent crude oil prices maintained their upward momentum, surpassing the $101 per barrel mark.
Citi forecasts a 900 million barrel drop in global oil inventories, reaching an eight-year low.
April 21, 2026 15:30

Despite the US-Iran ceasefire agreement, Citi Bank warns that global oil inventories will plummet to their lowest level in nearly a decade by the end of the second quarter of 2026.
The UK is abolishing the carbon tax on electricity production from 2028, which will help reduce energy bills.
April 19, 2026 13:58

The UK government has decided to eliminate the CPS tax from April 2028 in order to reduce electricity costs for citizens amid a sharp increase in wholesale energy prices.

energy market

Log in