Oil & Gas Refining
Sources: Vietnam will buy its first US oil in 2025
Sources said that Binh Son Refining and Petrochemicals (BSR), a Vietnamese company, has purchased one million barrels U.S. West Texas intermediate crude for delivery in November, marking the first U.S. oil purchases by Vietnam since 2025. Sources claim that BSR purchased the light-sweet crude oil from Mercuria. Typically, it processes domestic crude. BSR's board of directors declined to comment when contacted by us. The company didn't immediately reply to our email. Vietnam, Indonesia, and Thailand are all committed to buying more U.S. crude oil as part of agreements negotiated with Washington in order to reduce the trade surpluses between them...