Shadow cast over petroleum market
Inventories at the Nghi Son and Dung Quat oil Refineries are both at high levels, of over 85 per cent, which requires that PetroVietnam continuously update market forecasts and promote “volatility management”. According to the company, crude oil demand in Asia-Pacific and Southeast Asia will continue to decline in the second half of 2021 due to Covid-19, and the market for petroleum products will continue to face many difficulties.