The Syrian Petroleum Company began unloading the tanker Starling, carrying about 63,784 metric tons of diesel, at the Baniyas oil terminal on Monday, the first shipment from Saudi Aramco under their agreement. Officials described it as a trial shipment to secure petroleum products for the domestic market, following the processing of the first documentary credit for petroleum imports through the Central Bank of Syria, an official banking channel that could pave the way for broader cooperation. The central bank said the transaction was the first of its kind in 14 years.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on sana.sy ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Heavy damage at world's largest oil company headquarters after Houthi strike
Saudi Aramco's headquarters in Dhahran was badly damaged in an overnight attack on October 13, with fire breaking out on the 9th floor and spreading across floors 6 to 10 until early October 14, according to three sources speaking to Reuters. The top three floors, which house the office of CEO Amin Nasser, were severely damaged, with part of the ceiling collapsing and windows and doors blown out. Saudi Arabia's Energy Ministry said the fire was limited in scale and operations at the complex continue normally, although some staff were asked to work from home. The Houthi forces said they fired ballistic missiles, cruise missiles and drones at Aramco facilities in Dhahran, Riyadh airport and an Aramco refinery in Riyadh, vowed to continue attacks, and described them as retaliation for Saudi airstrikes on Yemen.
- Gold prices remain stable in Syria as global prices fall
- Egypt says ready to provide Saudi Arabia with necessary support amid Houthi conflict
Egyptian President Abdel Fattah al-Sisi has requested an urgent parliament session to authorise military support for Saudi Arabia if the kingdom asks for it, and a vote that had been expected on Sunday was set to continue into Monday. The Houthis have recently attacked Riyadh's international airport and Saudi Aramco amid renewed fighting with Saudi-backed government forces after a truce collapsed. The Egyptian presidency said Egypt would provide all necessary support to defend Saudi security, resources, territorial integrity and Islamic holy sites, following a National Defence Council meeting. Sisi said Egypt would act on guidance from King Salman and Crown Prince Mohammed bin Salman, who visited him on Sept 15 after fighting in Yemen reignited. Egypt has close strategic and economic ties with Riyadh and joined the Saudi-led coalition in Yemen in 2015, though with a limited combat role.
- Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
Oil prices fell on Tuesday as investors weighed prospects of more Russian energy reaching global markets, with Brent down 1.48% to $105.05 a barrel and WTI down 1.57% to $92.27. President Donald Trump defended a temporary six-month easing of restrictions on Russian diesel supplies despite bipartisan criticism that it could undermine sanctions over the war in Ukraine. Goldman Sachs said an extra 800,000 metric tons of Russian diesel would lower wholesale diesel prices in the U.S. Gulf Coast and Europe by only $1 to $2 a barrel, as global diesel markets remain tight, with U.S. inventories down 14% and visible Chinese stocks down 11% year on year. Losses were limited by concerns over the Saudi-Houthi conflict, after a Houthi attack on Riyadh's King Khalid International Airport on Saturday left 12 people dead and more than 300 injured.
- Iran says it’s ‘counting the moments’ until it can attack American warships; Saudi Aramco facilities attacked as Houthi attacks escalate
Saudi officials said an administrative building of Saudi Aramco in Dhahran was struck overnight, causing a fire but no injuries, as the Iran-backed Houthis escalate attacks on the kingdom. Attacks on Riyadh’s airport caused multiple deaths and flight cancellations, and King Khalid International Airport remains closed until Saturday. IRGC chief Ali Ozmaei said Tehran is “counting the moments” until it can sink US warships approaching the Strait of Hormuz. Unverified reports said a cargo ship sank after hitting a mine there, while U.S. Central Command rejected Iranian claims of control and said US forces helped move more than 19 million barrels of crude through the strait. President Trump said US forces would not attack Iran before the November 3 midterm election.
- Aramco CEO Warns Oil Squeeze is Serious
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.