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PVEP to expand oil and gas operations by $380 million in 2021 15:37 | 14/02/2021 PetroVietnam Exploration Production Corporation (PVEP) will invest $380 million to explore new oil and gas fields this year. According to Hoang Ngoc Trung, deputy general director of PVEP, this move will contribute to offsetting the drop in oil and gas output at the corporation's existing fields. Although the selling price of oil is relatively low at $45 per barrel, impacting the corporation’s exploration and other investment activities, PVEP has still decided to pour $380 ...

Tuesday, 17:36, 19/01/2021 VOV.VN - The promotion of economic growth in the post COVID-19 period should be based on innovation, creativity, and digital transformation, said scientists and experts at a seminar organized by the Vietnam Institute of Economics on January 19 in Hanoi to promote the local economy. Last year saw the entire global economy heavily impacted by the COVID-19 pandemic, with many countries recording negative growth, such as the United States whose economy contracted by 5.9%, the UK with a decline of 6.5%, and the EU with a fall of 7.5%. In addition, many Vietnamese s...

Asia crude – Key market indicators this week The crude oil market in Asia started the week of Dec. 21 lower as crude futures fell after closing at nine-month highs Dec. 18 due to the emergence of a highly infectious strain of coronavirus in the UK, which led to fears that tougher lockdown restrictions will be placed to curb its spread. The ICE Brent February crude contract fell $1.70/b (3.25%) from the Dec. 18 settle to $50.26/b at 11:35 am Singapore time (0335 GMT) on Dec. 21. MIDDLE EAST CRUDE ** Spot differentials for February-loading Middle East crude may ease further during the week st...