World oil prices fell by more than 4%.
The global oil market experienced a volatile trading week, ending with a clear downward trend. Overall for the week, both Brent and WTI oil prices recorded declines of more than 4% as investors reassessed supply prospects and geopolitical factors.
The trading week began with oil prices falling more than 2% after news that Iraq had resumed production at the West Qurna 2 oil field, one of the world's largest with a capacity of approximately 460,000 barrels per day. The decline continued on December 9th, with prices falling nearly 1% as the market focused on the peace negotiations between Russia and Ukraine, along with anticipation of the Federal Reserve's next interest rate decision.
However, trading on December 10th saw oil prices recover by more than 1%. This was attributed to concerns about supply disruptions after the US Coast Guard seized an oil tanker off the coast of Venezuela. Additionally, the Fed's decision to cut interest rates by 0.25 percentage points was also a supporting factor, although some experts believe the impact was not too strong given concerns about oversupply.
Selling pressure returned in the final two trading sessions of the week. Oil prices fell more than 1% on December 11th after the US Energy Information Agency (EIA) reported a sharp increase in gasoline and distillate product inventories. Specifically, gasoline inventories rose by 2.5 million barrels, putting pressure on refining margins. The final session of the week saw a further decline of nearly 1% as concerns about oversupply and the prospect of peace between Russia and Ukraine overshadowed worries about localized supply disruptions.
Domestic fuel prices have been adjusted downwards.
Following developments in the global market, the Ministry of Industry and Trade and the Ministry of Finance have adjusted domestic retail gasoline and diesel prices, effective from 3 PM on December 11th.
Accordingly, the prices of petroleum products have been adjusted downwards as follows:
| Item | Reduction | Maximum retail price |
|---|---|---|
| E5RON92 gasoline | 207 VND/liter | 19,615 VND/liter |
| RON95-III gasoline | 378 VND/liter | 20,082 VND/liter |
| Diesel fuel 0.05S | 226 VND/liter | 18,154 VND/liter |
| Oil | 252 VND/liter | 18,641 VND/liter |
| Fuel oil 180CST 3.5S | 43 VND/kg | 13,393 VND/kg |
During this price adjustment period, the regulatory agency did not make any contributions to or use of the Price Stabilization Fund for any petroleum products.
The Ministry of Industry and Trade announced that the average price of refined petroleum products worldwide during the price adjustment period (December 4, 2025 – December 10, 2025) decreased significantly. Specifically, the price of RON92 gasoline decreased by 1.44% to 78.368 USD/barrel; RON95 gasoline decreased by 2.37% to 79.890 USD/barrel. Other oil products also recorded corresponding decreases.
Since the beginning of 2025, domestic gasoline prices have undergone 47 adjustments, including 21 decreases, 20 increases, and 6 periods with mixed results.
Source: https://baolamdong.vn/gia-dau-the-gioi-giam-hon-4-trong-tuan-xang-trong-nuoc-ha-nhiet-410305.html
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