Petrovietnam promotes solutions to maintain oil, gas production

Petrovietnam promotes solutions to maintain oil, gas production

(VOVWORLD) - Implementing the direction of the Government, the Prime Minister and the conclusion of the Standing Committee of the Party Committee of Vietnam, on September 19, the General Director of the Vietnam Oil and Gas Group (Petrovietnam), issued Directive...
OPEC+ aims to stabilize global oil market

OPEC+ aims to stabilize global oil market

(VOVWORLD) - Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said on Sunday that the OPEC+ decision to cut oil production by two million barrels per day has proven to...
EU fails to agree on Russian oil price cap

EU fails to agree on Russian oil price cap

(VOVWORLD) - European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil. Poland insisted that the cap be set lower than proposed by the...
IEA warns of unpredictable oil market

IEA warns of unpredictable oil market

(VOVWORLD) -The EU’s embargoes on Russian crude and oil product imports and a ban on maritime services will put further pressure on global oil balances, and, in particular, on...
Indonesia considering buying Russian oil

Indonesia considering buying Russian oil

(VOVWORLD) - Indonesia’s President Joko Widodo is considering joining India and China in buying Russian oil to offset increasing pressure of rising energy costs in the country, the Financial Times...