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(Bloomberg) -- Vietnam’s largest oil refinery said its partners have agreed to a “short-term proposal” that will allow it to maintain stable operations and avoid a “lengthy shutdown,” according to an emailed statement from Nghi Son Refinery & Petrochemical LLC.
The Nghi Son refinery will reduce capacity and may stop operating from mid-February 2022, causing concerns about a lack of supply for the domestic market.
Vietnam’s largest oil refinery cut processing rates and may be forced to close next month after a cash squeeze led to a halt in crude imports from Kuwait, according to people with knowledge of the matter.
Shares trim losses on late buying force 10:08 | 08/05/2021 Vietnamese shares trimmed losses in late trade on Friday as strong buying force returned to the market, helping revive investor appetite after a sell-off earlier the day. An investor watches stock indices on the board at the Ho Chi Minh Stock Exchange in HCM City. â VNA/VNS Photo Hua Chung The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 0.70 per cent to close Friday at 1,241.81 points. The southern market index had declined 0.47 per cent to finish Thursday at 1,250.57 po...
Southeast Asia LPG purchases restricted on expectations of lower Saudi CPs LPG buyers in Southeast Asia are bracing for lower Saudi Contract Prices in coming months, limiting purchases as end users seek to avoid paying more for prompt cargoes, trade sources said April 22. This has led to rising stockpiles from excess domestic production and higher imports earlier, they said, while demand is also curbed by the COVID-19 pandemic in countries such as the Philippines. With Saudi Aramco due to announce May term CPs by April 30, traders’ initial expectations for propane ranged between $460/mt and...