The days when OPEC members could all but guarantee consensus when
deciding production levels for oil are long gone, according to a veteran
of almost two decades of the group’s meetings. SEE MORE Facing growing demand for electricity, Viet Nam will be forced to start importing coal by 2020, an official said. SEE MORE The Vietnam National Petroleum Group (Petrolimex) lowered the
petroleum price by 1,140 VND (0.053 USD) per litre and diesel by 450 –
590 VND (0.021 – 0.028 USD) per litre, starting at 11:00 on November 22. SEE MORE DUBAI (ICIS)--Slumping crude prices have been taking their toll on
trading of petrochemicals in the Middle East, causing product values to
tumble steadily and market players to become overly cautious, industry
sources said on Friday. SEE MORE Local fuel trading companies again are waiting for a decision from
administering agencies to announce further retail price cuts as they are
making good profits from VND300-750 from each liter of fuel sold. SEE MORE