Vietnam's Dung Quat oil refinery cuts output on virus-hit demand

Vietnam's Dung Quat oil refinery plans to cut output because of weaker domestic fuel demand caused by the coronavirus oubreak, the facility's operator said on Friday.

Domestic demand for refined fuels has fallen 30% to 40% since February, Binh Son Refining and Petrochemical said in a news release on its website, without saying how much refining production it has cut, adding that it may have to cease production if demand continues to decline.