Surging crude oil prices may benefit the Vietnamese oil industry, but its exploration and exploitation activities are likely to be hit by the geopolitical situation. - VnExpress International
Oil and gas, fertilizer and steel stocks will benefit from the crisis in Russia-Ukraine, but animal husbandry-related ones will be hurt, BIDV Securities (BSC) has said. - VnExpress International
The market resumes after a week off due to the Lunar New Year festival. Historical statistics suggest that the market is likely to be positive after the holiday.
Even though the average price of oil is unlikely to reach US$100 a barrel in 2022, it may hover above the break-even price of exploitation in Việt Nam, which is around $60 per barrel. This will be the driver for the growth of oil stocks next year, said experts.