World oil prices
At 6:00 a.m. on November 13, the price of WTI oil decreased by 0.15 USD, equivalent to 0.22%, to 67.97 USD/barrel. The price of Brent oil increased by 0.06 USD, equivalent to 0.08%, to 71.89 USD/barrel.
Oil prices held steady as investors digested OPEC's cut in demand growth forecasts, a strong dollar and disappointment over China's latest stimulus plan.
OPEC said global oil demand will grow by 1.82 million barrels per day (bpd) this year, down from its forecast of 1.93 million bpd growth last month. The group also cut its estimate for global demand growth in 2025 to 1.54 million bpd from 1.64 million bpd.
Earlier this month, OPEC and its allies (OPEC+) decided to postpone plans to increase production in December amid falling prices.
Oil prices fall. (Photo: Fox Business).
Chinese demand remains sluggish, and OPEC’s intervention in supply has not had the desired effect, said Gaurav Sharma, an independent oil analyst in London.
China's economic stimulus measures last weekend were not strong enough to boost economic growth, analysts said, as the US is likely to impose import tariffs of up to 60% on Chinese exports when US President-elect Donald Trump officially takes office.
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 regulatory agency continues not to set aside or use the gasoline price stabilization fund for any products.
Source: https://vtcnews.vn/gia-xang-dau-hom-nay-13-11-duy-tri-o-nguong-thap-ar907061.html
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