Gasoline prices today, May 22: Down nearly 1% due to expectations of US-Iran negotiations

At the end of the session, Brent oil price decreased by 0.7% to 64.91 USD/barrel, WTI oil also decreased correspondingly to 61.57 USD.

By the morning of May 22, the decline continued: Brent fell to 64.57 USD/barrel (down 0.11%) and WTI to 61.12 USD/barrel (down 0.18%). Crude oil contracts in Tokyo also fell sharply by 1.8% to 55,550 JPY/barrel.

Oil prices had risen slightly earlier after CNN reported that US intelligence said Israel may be preparing to attack Iran's nuclear facilities — a move that could risk disrupting oil flows through the Strait of Hormuz. However, the announcement of new US-Iran talks quickly extinguished the rally.

Iran is OPEC’s third-largest oil producer. If there is a conflict, supply could temporarily fall by up to 500,000 barrels per day, but according to Rystad Energy, OPEC+ has the capacity to compensate.

In addition, pressure on prices also came from negative US data: crude oil inventories increased by 1.3 million barrels, gasoline increased by 800,000 barrels and distillate fuel increased by 600,000 barrels - showing weaker demand.

Meanwhile, Kazakhstan's oil output rose 2% in May despite its commitment to cut under the OPEC+ deal, contributing to a more abundant global supply and putting pressure on prices.

Domestic gasoline prices today (May 22): Still maintaining the increase adjustment from May 15

According to the latest adjustment from the Ministry of Industry and Trade - Ministry of Finance, effective from 3:00 p.m. on May 15, domestic gasoline prices have been adjusted up slightly and remain unchanged until today (May 22). Specifically:

E5 RON92 gasoline increased by 403 VND/liter, to 19,180 VND/liter

RON95-III gasoline increased by 415 VND/liter, to 19,594 VND/liter

Diesel 0.05S increased by 419 VND/liter, to 17,228 VND/liter

Kerosene increased by 285 VND/liter, to 17,226 VND/liter.

Mazut oil 180CST 3.5S increased by 627 VND/kg, to 16,160 VND/kg

This is the first price increase after many consecutive decreases, reflecting the slight recovery of world oil prices in early May.

Source: https://baoquangnam.vn/gia-xang-dau-hom-nay-22-may-giam-gan-1-do-ky-vong-dam-phan-my-iran-3155265.html