Iraq's federal government has announced a deal to resume crude oil exports from Iraqi Kurdistan to Turkey after a two-year hiatus, despite ongoing drone attacks that have halted about half of the region's output.
Oil prices were supported on Thursday by fresh threats of supply disruptions from repeated drone attacks on oil fields in Iraqi Kurdistan, believed to have been carried out by Iran-backed militia groups.
Although the Kurdistan Regional Government has not confirmed the plan, the move signals progress in talks between Baghdad and Erbil.
Data from the US Energy Information Administration (EIA) this week showed US crude inventories fell by 3.9 million barrels, more than analysts' expectations for a 1.8 million barrel decline, indicating tightening market conditions.
Earlier, the Organization of the Petroleum Exporting Countries (OPEC) maintained its oil demand forecast for 2025 and 2026, expressing optimism that global trade tensions will ease in the coming months.
Oil prices rose nearly 3% last week as the International Energy Agency stressed the current market is tightening.
Domestic gasoline prices
During the operating period on July 17, the price of E5 RON92 gasoline decreased by 178 VND/liter, not higher than 19,481 VND/liter. The price of RON95 gasoline decreased by 165 VND/liter, not higher than 19,925 VND/liter.
Oil prices fluctuated. Specifically, diesel prices decreased by VND38/liter, to VND18,799/liter. Fuel oil prices decreased by VND85/kg, not higher than VND15,478/kg. Kerosene prices alone increased by VND58/liter, not higher than VND18,429/liter.
In this operating period, the management agency continues to not set aside or spend the gasoline price stabilization fund.
Since the beginning of 2025, domestic gasoline prices have undergone 28 adjustment sessions, including 11 decreases, 12 increases and 5 opposite sessions.
Source: https://baolangson.vn/gia-xang-dau-hom-nay-21-7-tang-nhe-5053730.html
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