On the morning of August 19, oil prices reversed direction and increased. Brent oil increased by 75 cents, equivalent to 1.14%, to 66.60 USD/barrel; WTI oil increased by about 62 cents, equivalent to 0.99%, to 63.42 USD/barrel.
According to analysts, the market is still waiting for a roadmap to end the Russia-Ukraine conflict and hopes for a trilateral meeting between the US, Ukraine and Russia soon. Updated information shows that both Russia and Ukraine want to end the conflict and the negotiations are looking for a long-term peace agreement instead of just a ceasefire.
Domestic gasoline prices may fluctuate in opposite directions during this week's price adjustment period. PHOTO: NHAT THINH
In other developments, ahead of an important meeting in the US, senior US leaders have made tough statements about oil imports from Russia. White House trade adviser Peter Navarro has criticized India's import of crude oil from Russia, saying that this move funds the war in Ukraine and needs to end. He also warned that India is "becoming a global clearinghouse" for Russian oil, helping Moscow convert embargoed crude into high-value exports.
Given the recent developments in world petroleum prices, domestic petroleum retail prices are forecast to fluctuate in opposite directions in this week’s adjustment session. Accordingly, gasoline prices may increase slightly, while oil prices may decrease. This forecast does not include the Petroleum Price Stabilization Fund.
On the morning of August 19, the retail prices of petroleum products announced by Petrolimex in the market of region 2 (far from ports, warehouses, factories...) were as follows: RON 95-V unleaded gasoline 20,760 VND/liter, RON 95-III unleaded gasoline 20,270 VND/liter, E10 RON 95-III biofuel 20,050 VND/liter, E5 RON 92-II biofuel 19,730 VND/liter, 0.001SV diesel 18,900 VND/liter, 0.05D-II diesel 18,430 VND/liter, kerosene 18,380 VND/liter, fuel oil 18,680 VND/kg./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-xang-dau-hom-nay-1982025-the-gioi-dao-chieu-tang-trong-nuoc-the-nao-185250819084245385.htm
Source: https://baolongan.vn/gasoline-price-today-19-8-the-gioi-dao-chieu-tang-trong-nuoc-the-nao-a200961.html
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