PVD [OUTPERFORM +11.4%] - Lowering forecasts on slower domestic E&P spending - Update
We lower our target price (TP) for PVD by 14% to VND30,800/share but maintain our OUTPERFORM rating as PVD’s share price has declined 15% over the...
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Oil & Gas Sector - Lowering 2024F Oil Price, Raising 2025F Forecast
We lower our average 2024F Brent oil price assumption by 3.6% to USD80/bbl. YTD to October 3, the average Brent oil price was USD82/bbl, slightly...
190 Views
Industry Report - Oil and Gas - Neutral - China's recovery holds key to growth
According to the International Energy Agency (IEA), global crude oil demand is forecast to increase to 103mnbd by 2mnbd (+2% YoY) in 2023.
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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
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