Vietnam’s state energy firm Petrovietnam says considers stockpiling oil amid low prices

March 18, 2020/in /by Rudolf Huber

That should be a priority for everyone. All consuming-nations will fill up to the brim, and when they are full the oil price will crash a little more. Even when oil prices are at their lowest in a long time, the time of cheap oil is over. This means that although there still is cheap oil in the market, the new fields are anything but cheap. Welcome to a new crazier world.

Vietnam's state energy firm Petrovietnam says considers stockpiling oil amid low prices - ET EnergyWorld

"PetroVietnam is seeking to cut costs and expand its export market and will consider increasing the purchases of crude oil for stockpiling when the prices bottom," the company told Reuters

ETEnergyworld.com

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