Connecting Vietnam to the World

oil

US oil transit hub nearing critical levels

VnExpress

Cushing, the US storage and pricing center for West Texas Intermediate crude oil, is approaching "minimum operating levels," raising concerns about global supply in the coming month.

Cuba runs out of fuel for thermal power plants

VnExpress

Cuba's minister announced the nation has exhausted two types of specialized fuels for its thermal power plants, as blackouts intensify.

UAE withdraws from another oil alliance

VnExpress

Just days after announcing its departure from OPEC and OPEC+, the UAE has also exited the Organization of Arab Petroleum Exporting Countries (OAPEC).

OPEC+ increases oil production

VnExpress

Leading global oil producers have decided to increase output for the third time since the outbreak of the Middle East conflict.

56 nations agree on roadmap to phase out coal, oil, and natural gas

VnExpress

Fifty-six nations have reached a historic agreement on a roadmap to eliminate fossil fuels, aiming to address the global energy crisis.

The reasons behind UAE's departure from OPEC

VnExpress

Differences in oil production quotas and geopolitical issues with Saudi Arabia have led the UAE to consider leaving OPEC for many years.

US imposes additional sanctions on Iranian oil

VnExpress

The US Treasury Department announced sanctions against over 20 individuals, companies, and vessels allegedly involved in Iran's oil and gas exports, signaling a tougher stance against Tehran's energy sector.