World oil prices
Oil prices jumped 5% on June 18, as the conflict between Iran and Israel continued to escalate with no signs of cooling down, although Iran's important fuel production facilities attacked by Israel have so far not been seriously affected.
According to Oilprice, at 4:15 a.m. on June 18 (Vietnam time), Brent oil price increased by 3.67 USD/barrel, equivalent to 5.01%, to 76.9 USD/barrel and WTI oil price increased by 3.59 USD/barrel, equivalent to 5%, to 75.36 USD/barrel.
While there has been no apparent disruption to energy supplies, Iran has temporarily halted part of its gas production at the South Pars field, which it shares with Qatar, after an Israeli airstrike on Saturday sparked a fire there. Israel has also attacked Iran’s oil storage facility in Shahran.
 |
| Both Brent and WTI oil increased by about 5% in the trading session on June 18. Illustration photo: Reuters |
According to Phil Flynn, senior market analyst at Price Futures Group, the continued airstrikes between Iran and Israel have increased geopolitical risks for the oil market, which is already sensitive to supply-demand imbalances.
“This is not an overnight war, it will probably be more like the situation between Russia and Ukraine,” Mr. Flynn commented.
According to Reuters, a collision between two oil tankers near the Strait of Hormuz, where ships transport large volumes of crude oil and refined products from Gulf producers as well as from Iran and Iraq to various points around the world, has also raised concerns that this important sea route could be blocked.
“The market is mainly concerned about disruptions in the Strait of Hormuz, but the risk is very low,” said Ole Hansen, an analyst at Saxo Bank, adding that neither side wants to close the route because Iran would lose revenue and the US wants oil prices and inflation to fall.
 |
| Illustration: Thoughtco |
The turmoil has left investors wondering how Iran's leaders will react as they feel their grip on power is being shaken.
“We are talking about a ‘security premium’ of over $10 a barrel that is now built into the price,” said John Kilduff, partner at Again Capital.
Despite the risk of supply disruptions from the Middle East, the International Energy Agency (IEA) said that if there are no serious incidents, oil supplies in the coming period will generally remain abundant.
Specifically, according to a new report released on June 17, the IEA has reduced its global oil demand forecast by 20,000 barrels per day compared to last month's forecast, while raising its supply forecast by 200,000 barrels per day, to 1.8 million barrels per day.
Domestic gasoline prices
Domestic retail prices of gasoline on June 18, specifically as follows:
| E5 RON 92 gasoline is not higher than 19,462 VND/liter. RON 95-III gasoline is not higher than VND 19,967/liter. Diesel oil is not higher than 17,700 VND/liter. Kerosene is not higher than 17,511 VND/liter. Fuel oil is not higher than 16,461 VND/kg. |
The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of June 12. In this adjustment, domestic gasoline and oil prices increased simultaneously. The price of E5 RON 92 gasoline increased by 199 VND/liter, the price of RON 95-III gasoline increased by 269 VND/liter, the price of diesel oil increased by 280 VND/liter, the price of kerosene increased by 227 VND/liter and the price of fuel oil increased by 283 VND/kg.
In this operating period, the Ministry of Finance - Ministry of Industry and Trade did not set aside or use the Petroleum Price Stabilization Fund for E5 RON 92 gasoline, RON 95 gasoline, diesel oil, kerosene, and fuel oil.
Since the beginning of the year, domestic gasoline prices have undergone 24 adjustment sessions, including 9 decreases, 10 increases and 5 opposite sessions.
natural
* Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-xang-dau-hom-nay-18-6-tang-vot-255882.html
Comment (0)