World oil prices
Oil prices rose as Israel threatened to attack the Lebanese state if a ceasefire with Hezbollah collapsed and as investors positioned that OPEC+ would announce an extension of supply cuts this week.
The risk to the ceasefire has some oil traders more worried about tensions in the Middle East, said UBS analyst Giovanni Staunovo.
Oil prices rise again. (Photo: Fox Business).
OPEC+ supplies about half the world's oil. The group is looking to gradually ease supply cuts next year. But the prospect of a market surplus has weighed on oil prices, with Brent trading nearly 6% below its December 2023 average.
The extension of OPEC+ supply cuts will limit the glut in the market and help the oil market land more gently than most forecasts, according to Scott Shelton, energy analyst at TP ICAP.
Brent crude oil prices are trading lower as Russia, Kazakhstan and Iraq increase compliance with production cuts, and OPEC+ is likely to extend production cuts until April 2025, Goldman Sachs analysts said in a note.
Domestic gasoline prices
In the operating period on November 28, the price of E5 RON92 gasoline increased by 497 VND/liter, not higher than 19,840 VND/liter. RON95 gasoline increased by 329 VND/liter, not higher than 20,857 VND/liter.
Diesel price increased by 268 VND/liter, not higher than 18,777 VND/liter. Kerosene increased by 221 VND/liter, not higher than 19,142 VND/liter and fuel oil price increased by 111 VND/kg, to 16,125 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance continues not to set aside or use the petroleum price stabilization fund for any products.
Source: https://vtcnews.vn/gasoline-price-today-4-12-tiep-tuc-di-len-ar911280.html
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