Vietnam’s crude imports tumble in February

Oil

Vietnam’s crude oil imports declined by 60K b/d m-o-m and 201K b/d y-o-y to 71K b/d in February, falling for the second consecutive month to the lowest level since October 2019, customs data showed. Oil product imports rose by 59K b/d m-o-m to 205K b/d however, the highest since January 2021. Arrivals from Northeast Asia increased by 51K b/d m-o-m to 95K b/d, while shipments from Southeast Asia gained by 8K b/d m-o-m to 110K b/d.