Vietnam oil, gas firms post mixed business results despite higher crude prices phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
| Publication date 06 April 2021 | 21:56 ICT
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Vietnam oil, gas firms expect good Q1 results on higher crude prices
Tue, 6 April 2021
Many Vietnamese companies in the oil and gas field might post positive results in the first quarter of 2021 thanks to the strong rally of crude oil in the international market.
As of March 31, crude prices rose more than 23.6 per cent. It even broke over $70 a barrel last month.
The gain received support from lower global oil stocks. The Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed to extend production curbs, and supply from the US was estimated to fall four million barrels a day.
Vietnam oil, gas firms expect good Q1 results on higher crude prices phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.