World oil prices
At the end of the last trading session of the week (April 25), oil prices maintained a slight increase.
Brent crude rose 32 cents, or 0.48 percent, to $66.87 a barrel. WTI crude rose 23 cents, or 0.37 percent, to $63.02 a barrel.
For the week, Brent crude fell 1.6% and WTI crude fell 2.6%, marking weekly losses. Oil prices failed to extend last week's gains.
Oil prices were supported by news that China would allow some US-made pharmaceuticals to enter the country without paying the 125% tariff Beijing imposed earlier this month in response to US President Donald Trump’s 145% tariffs on Chinese imports, Reuters reported. This suggested that the trade war between the world’s two largest economies may be easing, although Beijing was quick to deny Trump’s assertion that tariff talks were underway with China.
“Traders now see little chance of further crude oil price gains in the short term, given the ongoing trade war between the world’s top oil consumers and speculation that OPEC+ could accelerate production increases from June,” said Saxo Bank analyst Ole Hansen.
Oil prices fell to a four-year low earlier this month after tariffs stoked investor concerns about global demand and sparked a sell-off in financial markets.
Despite the risk that a weakening economy will reduce demand, supply is likely to continue to rise. Some OPEC+ members have suggested the group should accelerate its oil production increase in June, extending the increase that began in May.
Also on the supply side, an end to the conflict in Ukraine could potentially boost supply if it allows more Russian oil to reach global markets.
Kremlin aide Yuri Ushakov said the three-hour meeting on April 25 between Russian President Vladimir Putin and Steve Witkoff, special envoy of his US counterpart Donald Trump, was constructive and narrowed differences regarding ending the conflict in Ukraine.
In a sign of future supply, oil services company Baker Hughes said on April 25 that the number of US oil rigs rose to 483 in the week to April 25.
Domestic gasoline prices
Domestic retail prices of gasoline on April 26 are as follows:
E5 RON 92 gasoline is not more than 19,238 VND/liter. RON 95-III gasoline is not more than 19,638 VND/liter. Diesel oil not more than 17,524 VND/liter. Kerosene not more than 17,715 VND/liter. Fuel oil not exceeding 16,524 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 April 24. Due to the increase in world gasoline and oil prices last week, domestic gasoline and oil prices also increased simultaneously, ending a series of 2 weeks of sharp declines. The price of E5 RON 92 gasoline increased by 740 VND/liter, RON 95-III gasoline increased by 782 VND/liter, diesel increased by 487 VND/liter, kerosene increased by 531 VND/liter and fuel oil increased by 564 VND/kg.
In this management period, the joint ministries continue not to 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 17 adjustments, including 7 increases, 7 decreases, and 3 opposite sessions.
Source: https://baolangson.vn/gia-xang-dau-hom-nay-26-4-tro-lai-quy-dao-giam-tuan-5045285.html
Comment (0)