Monday , January 24 2022

The falling oil prices, the oil stocks will be?



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The crude oil prices in 2018 continued to vary in & # 39; sigh. F & # 39; in October, the oil prices reached a peak of & # 39; four & # 39; years to a decision to re & # 39; to punish Iran. However, after the United States announced eight countries continue to buy oil, Iran and Saudi Arabia promised to increase production to offset the lack of & # 39; from Iran oil, the price of Oil declined in & # 39; blows and are currently at the lowest level. 2018.

Specifically, the oil prices in the 23 & # 39; November fell sharply. The WTI lost $ 4.21, or 7.7 percent, to $ 50.42 a barrel, the worst solution of 6 & # 39; July. At the end of the week, WTI lost 10.7%, and recorded seven & # 39; & # 39 consecutive weeks; loss. Brent crude oil on the same day fell $ 3.84, or 6.1 percent, to a low & # 39; 13 months & # 39; $ 59.04 per barrel. In the last week, the price of & # 39; Brent oil fell 12%.

The falling oil prices, the oil stocks will be? - Photo 1.

The price of WTI oil in the last 6 months

The falling oil prices, the oil stocks will be? - Photo 2.

substantial oil prices in the last six months

Prices for both oil fell more than 30 percent since early peak at & # 39; October.

JPMorgan lowered its outlook for the oil market, b & # 39; & # 39 thousands, Brent oil is expected to average $ 73 per barrel in 2019, & # 39; down from previous forecasts & # 39; $ 83.5 per barrel. Prices will continue to fall to $ 64 a barrel the next year. Scott Darling, director of the division of oil research and the Asia-Pacific gas at JPMorgan, explains that the decline of the oil price outlook is due to an increase in American supplies & # 39; America in the second half of 2019. The demand is a factor to be considered, especially after the Exporting Petroleum Countries (OPEC) agreed to raise production in & # 39; in June, said Darling.

Stocks of Petroleum walk

The petroleum stocks in the market were oil price of beet very strong in the world. GAS at the top of & # 39; 6 months, to 124,000 VND / share (4/10) fell to 92,500 VND / share, with a corresponding reduction & # 39; 34% in & # 39; less than 2 months.

The falling oil prices, the oil stocks will be? - Photo 3.

GAS of business in the last 6 months

The same happened with PVS, which decreased by 30% from VND22,200 to VND17,110. PVD decreased from VND21,900 / share to VND15,500 / share, fell 29.2%.

The falling oil prices, the oil stocks will be? - Photo 4.

GAS of business in the last 6 months

Having set top & # 39; four & # 39; years earlier in & # 39; October, many experts predicted a strong period in the future, however, developments in the world oil market show the opposite.

Prospects for the oil and gas industry

According Bien Thien Toan, the unfavorable outlook of the world market in oil and gas will affect the business activities & # 39; domestic enterprises. However, the level & # 39; will be divided by deep influence associated with world oil market. F & # 39; terms & # 39; entry, the gas business group with representatives of Gas Corporation of Vietnam (GAS), Southern Gas Joint Stock Company (PGS), Gas Trading Joint Stock Company (PVG ), Joint Stock company of Gas Distribution & # 39; PetroVietnam Basic Pressure (GDP), a Corporation & # 39; Central Investment and Production & # 39; Petro (PMG), CNG Vietnam Joint Stock Company (CNG) … Affected directly by the high price of gas in world oil prices. The turnover of & # 39; this business group also shows agreement with the developments of past oil prices, especially in the 2014-2016 period.

Also influenced by oil prices, Binh Son Oil Refining (BSR) and Petro Vietnam (PLX) will reduce some of their impact thanks to support from domestic demand of petroleum. PLX will have a great opportunity & # 39; growth in the coming years thanks to E5 petrol and new products b & # 39; higher added value to offset the risk of volatility of the oil price.

The companies operating in the upstream segment & # 39; oil and gas prospects are PTSC (PVS) and PV Trans (PVT). dependence on oil prices. Due to the increasing demand for oil products in the country and the projects & # 39; exploration for oil and gas in the region, PVS and PVT will face the opportunity to increase their performance and become "With the trend of oil prices in the coming time.

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