Home Freight News Vietnam may need to export more crude, slash fuel imports as unwanted oil stocks pile up

Vietnam may need to export more crude, slash fuel imports as unwanted oil stocks pile up

Vietnamese refiners and oil distributors are grappling with excess oil stockpiles as domestic fuel consumption tumbled in recent months amid a resurgence in COVID-19 cases, prompting the Southeast Asian country to ramp up crude exports and slash oil product imports in the near-term trading cycles. Vietnam is facing its worst coronavirus outbreak, forcing the government …

The post Vietnam may need to export more crude, slash fuel imports as unwanted oil stocks pile up first appeared on Hellenic Shipping News Worldwide. Source

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