Executives from the world's largest commodity trading firms predict the oil market will be well supplied this year, despite concerns about global demand growth.
Gasoline price today March 26, 2025
Recorded on Oilprice at 4:00 a.m. on March 26, 2025 (Vietnam time), WTI oil price was at 68.99 USD/barrel, down 0.14% (equivalent to a decrease of 0.10 USD/barrel).
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| WTI oil price on the world market in the early morning of March 26, 2025 (Vietnam time) |
Similarly, Brent oil price was at 72.89 USD/barrel, down 0.01% (equivalent to a decrease of 0.01 USD/barrel).
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| Brent oil price on the world market early morning March 26, 2025 (Vietnam time) |
Oil prices could continue to fall as global supplies increase, including plans by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to lift voluntary production cuts in the coming months, executives at the Financial Times Global Commodities Summit in Lausanne said, Reuters reported.
“There are still some risks to supply, but overall, supply will be sufficient for the next few years,” said Russell Hardy, CEO of Vitol.
“There will be more supply in the second half of the year, OPEC will start to ease production cuts, and the market has anticipated this, adjusting oil prices from around $80 a barrel to around $70 a barrel,” Hardy said in a keynote interview at the conference.
Mr. Torbjorn Tornqvist, CEO of Gunvor, also commented that supply growth is likely to exceed demand.
“Oil prices are hovering around $70 a barrel, and that’s probably a fair price,” he said, adding that if there are no disruptions to supply, prices could fall a little further.
Ben Luckock, head of oil at Trafigura, expressed concerns about the demand outlook, citing the possibility that Chinese oil demand has peaked, while both the US and European economies show no signs of improvement.
"The Iran issue is the biggest uncertainty that could affect the supply-demand balance," said Luckock, adding that the new US administration is also concerned about the impact of its "maximum pressure" policy on Iran on oil prices.
Domestic gasoline prices today March 26, 2025
Domestic retail gasoline prices on March 26, 2025 will be applied according to the adjustment session from 3:00 p.m. on March 20 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 19,695 | +414 |
| RON 95 gasoline | 20,087 | +438 |
| Diesel | 17,893 | -5 |
| Oil | 18,118 | +28 |
| Fuel oil | 16,955 | -40 |
Specifically, the price of E5 RON 92 gasoline increased by VND414/liter, to VND19,695/liter; RON 95 gasoline increased by VND438/liter, to VND20,087/liter.
Meanwhile, the price of diesel 0.05S decreased by VND5/liter, down to VND17,893/liter; kerosene increased by VND28/liter, to VND18,118/liter; mazut 180CST 3.5S decreased by VND40/kg, down to VND16,955/kg.
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| Gasoline prices today March 26, 2025. Photo by Dinh Tuan |
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.
Thus, since the beginning of 2025, domestic gasoline prices have undergone 12 adjustment sessions, including 5 decrease sessions, 4 increase sessions and 3 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-26032025-gia-se-mem-trong-nam-nay-379997.html
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