World oil prices
At 6:00 a.m. on November 14, WTI oil price increased by 0.33 USD, equivalent to 0.48%, to 68.1 USD/barrel. Brent oil price increased by 0.39 USD, equivalent to 0.54%, to 72.28 USD/barrel.
Oil prices rebounded on short covering a day after prices fell near two-week lows on OPEC's forecast for lower demand, but gains were limited as the dollar hit a seven-month high.
U.S. and global oil production are both expected to rise to record highs this year slightly more than previously forecast, the U.S. Energy Information Administration said Wednesday.
US oil production is now expected to average 13.23 million barrels per day this year, and global production is expected to reach 102.6 million barrels per day.
Gasoline prices recover. (Photo: Minh Duc).
The International Energy Agency, which has a much lower demand growth forecast than OPEC, is expected to release an updated estimate on Thursday.
If the conflict continues, Israel will eventually attack Iranian oil assets, according to Clay Seigle, an independent political risk strategist. This may be limited to Iranian refineries, but Israeli planners could be more ambitious and target production and export facilities.
President-elect Donald Trump’s expected pick for secretary of state, Senator Marco Rubio, could boost oil prices, according to Ashley Kelty of Panmure Liberum. According to Kelty, Rubio’s tough stance on Iran could lead to sanctions being implemented, removing 1.3 million barrels a day of Iranian oil from the global supply.
Domestic gasoline prices
In the operating period on November 7, the price of E5 RON92 gasoline increased by 336 VND/liter, not higher than 19,744 VND/liter; the price of RON95 gasoline increased by 351 VND/liter, not higher than 20,854 VND/liter.
Meanwhile, the prices of many types of oil also increased: diesel price increased by 769 VND/liter, up to 18,917 VND/liter; kerosene price increased by 461 VND/liter, up to 19,294 VND/liter. In contrast, fuel oil price decreased by 67 VND/kg, not higher than 16,394 VND/kg.
In this period, the executive agency continues not to set aside or use the gasoline price stabilization fund for any products.
Source
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
Comment (0)