Vietnam’s NSRP faces risks of shutting down amid financial strains

10 May 2023 This is not the first time NSRP faces production stoppage threats due to financial issues. In February 2022, the company actually slashed operating rates substantially for a period of about a month due to tight cashflow

10 May 2023

Dalian Commodity Exchange: 10 May 2023 (Night trading)

The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 10 May 2023 settled as follows:

10 May 2023

Dalian Commodity Exchange: 10 May 2023

The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 10 May 2023 settled as follows:

10 May 2023

Crude oil market extended gains on imminent SPR replenishments

The short-term outlook for crude prices seems to be on the climb as the rise in oil consumption during the summer and production cuts by OPEC will apply some upward pressure on the crude market

09 May 2023

Vietnam’s Binh Son to spend USD1.3 billion to expand oil refinery

According to local media reports, Binh Son Refining and Petrochemical JSC (BSR) will be spending VND31.2 trillion or USD1.3 billion to upgrade and expand its oil refinery in Quang Ngai Province, central Vietnam.

09 May 2023

Recession worries lightened, boosting oil prices by over 2%

Concerns about an impending economic recession were somewhat alleviated upon news on Friday that energy stocks made a comeback after the US reported healthy job figures, prompting oil to rebound