Continuously going up despite OPEC+’s decision to increase output

OPEC+ production increase may not be as expected.

U.S. crude posted another week of gains as supply tightened in the world’s top economy, spurring discussions about fueling export restrictions or additional tariffs on oil exporters. oil and gas production.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, also known as OPEC+, on June 2 agreed to increase production by 648,000 bpd in July and August instead of 432,000 bpd as expected. previously agreed. However, many argue that OPEC’s decision to slightly increase output is not enough to make up the shortfall in the global market as China relaxes COVID measures.

The increase in production may not be as expected as OPEC+ distributes the increase among members and still includes Russia, whose output has fallen due to sanctions that have caused some countries to avoid buying their oil since the attack. Ukrainian public.

At the end of the week, on the international market, the US WTI oil price increased by 2.9% to 120.26 USD/barrel. While the price of Brent crude oil delivered in August increased by 2.95% to 121.08 USD/barrel.

Crude oil prices rise well

In the Vietnamese market, on the morning of June 5, the price of gasoline on the market was not higher than the price:

E5RON92 gasoline: not higher than 30,235 VND/liter

RON 95 gasoline is not higher than 31,578 VND/liter.

Diesel oil is not higher than 26,394 VND/liter.

Kerosene not higher than 25,346 VND/liter

Fuel oil is not higher than 20,901 VND/liter.