World oil prices
At 6:00 AM on November 13th, WTI crude oil prices fell by $0.15, or 0.22%, to $67.97 per barrel. Brent crude oil prices rose by $0.06, or 0.08%, to $71.89 per barrel.
Oil prices remained low as investors reacted to news of OPEC cutting its demand growth forecast, a strong US dollar, and disappointment over China's latest stimulus plan.
OPEC said global oil demand will increase by 1.82 million barrels per day this year, down from its forecast of 1.93 million barrels per day last month. The organization also cut its estimate for global demand growth in 2025 from 1.64 million barrels per day to 1.54 million barrels per day.
Earlier this month, OPEC and its allies (OPEC+) decided to postpone plans to increase production in December amid falling prices.
Oil prices are falling. (Photo: Fox Business).
Gaurav Sharma, an independent oil analyst in London, commented: "Chinese demand remains sluggish. Furthermore, OPEC's intervention in supply has not had the desired impact."
According to analysts, China's economic stimulus measures last weekend were not strong enough to boost economic growth, amid concerns that the US may impose import tariffs of up to 60% on goods exported from China when US President-elect Donald Trump officially takes office.
Domestic fuel prices
In the price adjustment on November 7th, the price of E5 RON92 gasoline increased by 336 VND/liter, not exceeding 19,744 VND/liter; the price of RON95 gasoline increased by 351 VND/liter, not exceeding 20,854 VND/liter.
Meanwhile, the prices of many types of oil also increased: diesel oil increased by 769 VND/liter, to 18,917 VND/liter; kerosene increased by 461 VND/liter, to 19,294 VND/liter. Conversely, the price of mazut decreased by 67 VND/kg, not exceeding 16,394 VND/kg.
During this period, the regulatory agency continued to neither allocate funds nor utilize the fuel price stabilization fund for these commodities.
Source: https://vtcnews.vn/gia-xang-dau-hom-nay-13-11-duy-tri-o-nguong-thap-ar907061.html
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