External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Thematic (Sector/Industry)

<ul><li>Vietnam's crude oil trade has shifted towards net imports since 2018. The main reason for this is that domestic demand for crude oil has surged</li><li>From 2015 onwards, the import value of petroleum has decreased significantly compared with the previous period.</li><li>In 2018, when the Nghi Son Refinery and Petrochemical project came into operation, the proportion of crude oil imports rose sharply, exceeding the import proportion of petroleum in 2020 and 2021.</li></ul>

Vietnam's crude oil trade has shifted towards net imports since 2018. The main reason for this is that domestic demand for crude oil has surgedFrom 2015 onwards, the import value of petroleum has decreased significantly compared with the previous period.In 2018, when the Nghi Son Refinery and Petrochemical project came into operation, the proportion of crude oil imports rose sharply, exceeding the import proportion of petroleum in 2020 and 2021.

Oil Price Shock’s Impacts on Vietnam’s Oil and Gas Industry

Founder & CEO. Oil markets macro-analysis., Vanda Insights

Vandana Hari

Founder & CEO. Oil markets macro-analysis.

Vanda Insights

Vanda Insights is a Singapore-based boutique provider of intelligence on the global energy markets, launched in September 2016. The venture was born out of a desire to extract the signal from the noise in the complex and often volatile oil markets. Our succinct and clear macro analysis is relied upon by thousands of readers globally, including those doing business directly or indirectly in the physical commodity and derivatives markets; wealth managers; governments, regulatory bodies and think-tanks; as well as trade organizations and educational institutions.

Global Energy Markets

Commodities

<ul>
<li>The start of Ukraine-Russia peace talks have yanked Brent crude down from 10-year highs of around $128 on March 8 to $108 as of Friday. </li>
<li>But there is a risk premium of at least $18 still embedded in crude prices, which will evaporate only with a rapprochement and ceasefire in the Ukraine war. </li>
<li>In this report, we assess the net impact of the bullish and bearish forces on crude in the very near term and the next couple of months.</li>
</ul>


The start of Ukraine-Russia peace talks have yanked Brent crude down from 10-year highs of around $128 on March 8 to $108 as of Friday. 
But there is a risk premium of at least $18 still embedded in crude prices, which will evaporate only with a rapprochement and ceasefire in the Ukraine war. 
In this report, we assess the net impact of the bullish and bearish forces on crude in the very near term and the next couple of months.


Vanda Insights Bulls & Bears: Near- And Short-Term View on Oil Prices

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
Cover Story: Why the wild ride for oil and gas prices isn’t over. 
</li>
<li>
China ramps up curbs in race to contain local omicron outbreaks. 
</li>
<li>
Analysis: The seven factors that’ll shape China’s economy this year. 
</li>
</ul>



Cover Story: Why the wild ride for oil and gas prices isn’t over. 


China ramps up curbs in race to contain local omicron outbreaks. 


Analysis: The seven factors that’ll shape China’s economy this year. 



CX Daily: Why the Wild Ride for Oil and Gas Prices Isn’t Over

<ul><li>In Depth: China’s pension insurers told to stop pursuing quick and risky profits</li><li>China Meheco links up with Pfizer to market Covid pill</li><li>China must address gender imbalance to tackle demographic crisis, Nobel laureate says</li></ul>

In Depth: China’s pension insurers told to stop pursuing quick and risky profitsChina Meheco links up with Pfizer to market Covid pillChina must address gender imbalance to tackle demographic crisis, Nobel laureate says

CX Daily: China’s Pension Insurers Told to Stop Pursuing Quick and Risky Profits

<ul><li>Sanctions: Sanctions on Russia sound alarm for Chinese banks</li><li>Paxlovid: China Meheco confirms Pfizer talks on selling Paxlovid in China</li><li>Fund: Caixin Explains: Why China’s creating a financial security fund. </li></ul>

Sanctions: Sanctions on Russia sound alarm for Chinese banksPaxlovid: China Meheco confirms Pfizer talks on selling Paxlovid in ChinaFund: Caixin Explains: Why China’s creating a financial security fund. 

CX Daily: Sanctions on Russia Sound Alarm for Chinese Banks

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Oil Price Shock’s Impacts on Vietnam’s Oil and Gas Industry

Vietnam's crude oil trade has shifted towards net imports since 2018. The main reason for this is that domestic demand for crude oil has surged

Mirae Asset Securities

Vanda Insights Bulls & Bears: Near- And Short-Term View on Oil Prices

At $108/barrel, Brent has shed about $20 of peak Ukraine risk premium. But it could lose another $18 if Russia-Ukraine talks produce a...

Vandana Hari

CX Daily: Why the Wild Ride for Oil and Gas Prices Isn’t Over

Cover Story: Why the wild ride for oil and gas prices isn’t over. China ramps up curbs in race to contain local omicron outbreaks

Caixin Global

CX Daily: China’s Pension Insurers Told to Stop Pursuing Quick and Risky Profits

In Depth: China’s pension insurers told to stop pursuing quick and risky profits. China Meheco links up with Pfizer to market Covid pill

Caixin Global

CX Daily: Sanctions on Russia Sound Alarm for Chinese Banks

Sanctions: Sanctions on Russia sound alarm for Chinese banks. Paxlovid: China Meheco confirms Pfizer talks on selling Paxlovid in China

Caixin Global

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