Gasoline price today 05/15/2025: Oil price slightly decreased

Oil prices today May 15, 2025: Oil prices fell as investors focused on the possibility of a sharp increase in US crude oil inventories, in the context of OPEC lowering its forecast for supply growth from countries outside the OPEC+ bloc.

Gasoline price today May 15, 2025

Recorded on Oilprice at 4:30 a.m. on May 15, 2025 (Vietnam time), Brent oil price was at 66.08 USD/barrel, down 0.78% (equivalent to a decrease of 0.52 USD/barrel).

Brent oil price on the world market early morning of May 15, 2025 (Vietnam time)

Similarly, WTI oil price was at 63.20 USD/barrel, down 0.75% (equivalent to a decrease of 0.48 USD/barrel).

WTI oil price on the world market in the early morning of May 15, 2025 (Vietnam time)

The Organization of the Petroleum Exporting Countries (OPEC) said oil supplies from the United States and non-OPEC+ producers are forecast to rise by about 800,000 barrels per day (bpd) in 2025, lower than the 900,000 bpd forecast last month.

“Clearly, the API crude oil inventory build is not bullish for oil prices. However, the API report also showed some positives, such as a sharp decline in refined product runs,” said UBS analyst Giovanni Staunovo.

According to market sources citing data from the American Petroleum Institute (API), US crude oil inventories rose by 4.3 million barrels in the week ending May 9. Meanwhile, gasoline inventories fell by 1.4 million barrels and distillate inventories (such as diesel and heating oil) fell by 3.7 million barrels.

The drop in gasoline inventories comes as many countries prepare to enter the Northern Hemisphere's summer driving season, when fuel consumption peaks.

In a report published Tuesday evening, experts from Roth Capital Markets said that the decrease in oil products in the API report is a positive signal for the oil market in the long term, because it shows that supply is lower than demand.

Official weekly inventory data from the US Energy Information Administration (EIA) is due out on Wednesday at 10:30 a.m. EDT (14:30 GMT).

A Reuters survey ahead of the release showed U.S. crude and gasoline inventories likely fell last week, while distillate inventories likely rose.

Overall, both oil benchmarks are hovering near two-week highs hit in the previous session.

“Oil prices have been rising nicely over the past few days… so maybe this is the time for some investors to take profits,” Mr. Staunovo added.

However, the rise in oil prices was still restrained by concerns about consumption demand.

Chicago Federal Reserve Bank President Austan Goolsbee said that the “cooler” consumer inflation data in April did not fully reflect the impact of the US import tariff hike, and more data is needed to determine the direction of prices and the economy .

Domestic gasoline prices today May 15, 2025

Domestic retail gasoline prices on May 15, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 8 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,777	-377
RON 95 gasoline	19,179	-407
Diesel	16,809	-550
Oil	16,941	-623
Fuel oil	15,533	-665

Specifically, the price of E5 RON 92 gasoline decreased by VND377/liter, down to VND18,777/liter; RON 95 gasoline decreased by VND407/liter, down to VND19,179/liter.

The price of 0.05S diesel oil decreased by VND550/liter, down to VND16,809/liter; kerosene oil decreased by VND623/liter, down to VND16,941/liter; the price of 180CST 3.5S mazut oil decreased by VND665/kg, down to VND15,533/kg.

Gasoline prices today May 15, 2025. Photo by Dinh Tuan

In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 19 adjustment sessions, including 9 decrease sessions, 7 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-15052025-gia-dau-giam-nhe-387629.html