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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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With oil prices remaining elevated, most domestic oil and gas companies are projected to benefit in Q1 2026, supported by higher project backlogs and increased product selling prices. Oil prices are expected to stay volatile in response to negotiation developments, with price levels likely remaining relatively high in the near term rather than reverting to pre-conflict lows.
The impact of high oil prices spans upstream, midstream and downstream operations. The upstream segment benefits most directly and clearly from oil price movements, since prices staying above break-even levels improve production economics and can stimulate new investment decisions. In an environment shaped by energy security priorities and dwindling resources, exploration and production activity tends to accelerate, increasing demand for oilfield services and improving industry backlogs. As a result, upstream is described as a leading cyclical segment with the highest sensitivity to oil price movements and typically the strongest profit growth when market conditions are favorable.
Midstream also receives a positive effect, though it is described as less pronounced and more stable. Higher oil prices tend to push up gas prices and freight costs, which can improve revenue and cash flow—particularly when operations are supported by medium- to long-term contracts. However, the upside is constrained by price regulation mechanisms and contract characteristics, limiting how much midstream earnings can expand. Overall, midstream is characterized as a relatively defensive group with less volatility than upstream.
Downstream benefits from the recovery of crack spreads and rising prices for retail gasoline and diesel, which can support short-term margins. At the same time, downstream is highly sensitive to input costs and supply risks, especially if oil prices remain high for an extended period. In a downside scenario, margins may compress and operating performance could face pressure, making the outlook less stable than the other two segments.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…