Louisiana Light • 2 days | 73.63 | -1.24 | -1.66% | |||
Bonny Light • 1 day | 75.43 | -0.25 | -0.33% | |||
Opec Basket • 2 days | 76.55 | +1.08 | +1.43% | |||
Mars US • 18 hours | 70.42 | -1.17 | -1.63% | |||
Gasoline • 19 hours | 2.593 | -0.020 | -0.75% |
Bonny Light • 1 day | 75.43 | -0.25 | -0.33% | |||
Girassol • 1 day | 78.21 | +0.01 | +0.01% | |||
Opec Basket • 2 days | 76.55 | +1.08 | +1.43% |
Peace Sour • 1 day | 65.54 | -1.24 | -1.86% | |||
Light Sour Blend • 1 day | 66.84 | -1.24 | -1.82% | |||
Syncrude Sweet Premium • 1 day | 75.79 | -1.24 | -1.61% | |||
Central Alberta • 1 day | 65.14 | -1.24 | -1.87% |
Eagle Ford • 2 days | 67.77 | -1.24 | -1.80% | |||
Oklahoma Sweet • 2 days | 67.75 | -1.25 | -1.81% | |||
Kansas Common • 4 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 8 days | 76.40 | +1.64 | +2.19% |
After rallying on news that…
Organic semiconductor-based photovoltaics may seem…
State owned oil and natural gas company PetroVietnam saw its earnings surge for the period January-May of this year.
Â
PetroVietnamâs Deputy General Director Le Minh Hong said that the companyâs earnings surged by 47 percent over the same period in 2010 to $23.48 billion, contributing $5.52 billion to the state budget.
Â
Hong said that PetroVietnamâs gross revenue was now equivalent to 98 percent of PetroVietnam's yearly target and will likely reach its goal later this month, commenting,
"PetroVietnam estimates to gain a total revenue of $32.28 billion for the whole year, surpassing its initial target set for this year by $8.5 billion," VietnamPlus news agency reported.
Â
PetroVietnamâs contributions to the state budget represented an increase of 14 percent over its final target for 2011 and a 32 percent rise over the same period last year.
Â
For the period January-September 2011, with oil prices ranging between $100-$115 per barrel, PetroVietnam's oil sales totaled $9.3 billion, a year-on-year increase of 49 percent and exceeding PetroVietnam's yearly plan by 9 percent.
Â
This year PetroVietnam expanded its available oil and natural gas reserves with the discovery of three new oil and natural gas fields and the signing of five new oil and natural gas agreements, including four domestic deals and one overseas contract.
By. Joao Peixe, Deputy Editor OilPrice.com
U.S. Gasoline Prices Are Set For A Significant Decline
Iran Seizes Third Oil Tanker As U.S. Boosts Military Presence
OPEC’s Smallest Producer Sees Crude Oil Exports Drop To Zero
Oil Markets Shocked By Across the Board Inventory Builds
Finland’s Electricity Prices Fall Below Zero
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com