VLCC of Forties crude arrives in May for first time in 9 months Q3 North Sea crude, condensate imports may surpass 6 mil barrels Forties-WTI price spread on CFR Asia Continue Reading
Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels that will reduce carbon emissions and help Continue Reading
South Korea’s crude oil imports from the US in May dropped 35.7% from a year earlier, which marks the biggest decline since the country began US crude imports, data released Continue Reading
Fuel cell vehicles that use hydrogen and emit only water have long been a goal of green-energy advocates. They have potential advantages over battery-powered cars, including quicker refueling and longer Continue Reading
South Korea has made public a long-term energy plan that stipulates a shift to more renewable energy at the expense of fossil fuels and nuclear power. The Korea Herald reports Continue Reading
South Korea’s Jeju island is famous for the haenyeo, the sea women who dive for seaweed and shellfish in the waters off the volcanic coast, but a new sight has Continue Reading
South Korea, which largely succeeded in quelling the spread of the coronavirus, is back on the defensive, with Seoul’s bars and clubs ordered closed, as the country reported its biggest Continue Reading
South Korea could ramp up its shift toward renewable power, and away from coal and nuclear, under a proposal by a government working group tasked with helping shape its energy future. The Continue Reading
South Korean refiners reduced production of transportation fuels by 7.8% year on year in March, cutting crude throughput 4.3% over the same period, in response to demand destruction caused by Continue Reading
Hyosung and the Linde Group, a leading global provider of industrial gases, will invest 300 billion won (US$246 million) until 2022 in a joint enterprise of creating a value chain Continue Reading
Shipowners are starting to gear up for South Korea’s stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus Continue Reading
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Continue Reading
More than 160 South Koreans have tested positive a second time for the coronavirus, a development that suggests the disease may have a longer shelf life than expected. Many had Continue Reading
South Korea on Saturday advised its public to close facilities and forgo socializing for 15 days, keeping to its policy of voluntary social distancing but warning of consequences if the Continue Reading
Churches were closed in South Korea on Sunday, with many holding online services instead, as authorities fought to rein in public gatherings as 586 new coronavirus infections took the tally Continue Reading
South Korea reported 123 new coronavirus cases, taking the country’s total infections to 4,335, the Yonhap news agency said, citing health authorities. The updated numbers added to the 476 recorded earlier Continue Reading
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the Continue Reading
South Korea reported more than 800 new coronavirus cases on Saturday, the most of any country caught up in the epidemic, as China said it crossed a key threshold in Continue Reading
New cases in three U.S. states raise prospect of local, person-to-person spread. Troubling new signs of how the coronavirus is spreading in the United States emerged on Friday, as cases Continue Reading
KIST researchers developed cathode material of carbon-silicon complex by simply mixing and heating silicon mixed with oil with green ingredients corn and sweet potato starch. If batteries made of this Continue Reading
Altered Carbon A team of researchers at the Korea Institute of Science and Technology have announced a new carbon-silicon material that they say could more than double the driving range Continue Reading
South Korea, the world’s fifth largest crude oil importer, is set to purchase growing volumes of U.S. oil this year to the point of overtaking Canada as the top destination Continue Reading
South Korea aims to test more than 200,000 members of a church at the center of a surge in coronavirus cases, as countries stepped up efforts to stop a pandemic Continue Reading
As a fifth death is announced, South Korea’s president authorizes bold measures. President Moon Jae-in on Sunday put South Korea on the highest possible alert in its fight against the Continue Reading
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire Continue Reading
Two coronavirus patients have died in South Korea so far South Korea says the number of new coronavirus cases in the country has more than doubled in one day. Officials Continue Reading
The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, Continue Reading
South Korea is on course to register a second consecutive year of decline in oil product exports in 2020 as gasoline, jet fuel and diesel fuel sales bear the brunt Continue Reading
South Korea’s Hyundai Motor and Kia Motors will suspend car production indefinitely at all its local plants, the company said Friday, due to a lack of auto parts from its Continue Reading
Toyota Motor Corporation and Panasonic Corporation have decided to establish Prime Planet Energy & Solutions, Inc., a joint venture specializing in advanced automotive batteries, including prismatic Li-ion, solid-state and next-generation Continue Reading
Hyundai Motor ( 005380.KS ) said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside Continue Reading
As South Korea is looking to reduce its over-reliance on crude oil imports from the Middle East, it has increased its oil imports from the United States in recent years, Continue Reading
Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion) annually to enhance its leadership in vehicle electrification, autonomous driving and mobility services, Continue Reading
South Korea’s LG Chem ( 051910.KS ) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture Continue Reading
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and Continue Reading
South Korea will shut up to 15 coal-fired power plants out of the total 60 for three months starting December 1 to help reduce air pollution, which could give a Continue Reading
South Korea’s crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the Continue Reading
South Korea’s refined oil product exports in May fell 10.5% on the year to 41.72 million barrels, or 1.35 million b/d, data released Wednesday from state-run Korea National Oil Corp Continue Reading
As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country’s electricity supply, is being tapped to give up room. Facing choking smog in its Continue Reading
Highlights Seoul fully supports Monday’s White House decision, US foreign policies South Korean refiners capable of diversifying crude supply sources US, Qatar, Norway among many alternative condensate supply sources Seoul Continue Reading
South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep Continue Reading
South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Continue Reading
South Korea’s diesel and gasoline consumption likely fell in 2018 for the first time in several years as the government’s cleaner energy initiatives gathered pace — and a forecast surge Continue Reading
Highlights Crude imports from Kazakhstan, US rise sharply in 2018 Inconsistent OPEC output, volatile prices expected in 2019 CPC Blend, light sweet US crude seen as competitive Singapore — South Continue Reading
Japanese and South Korean refiners have so far resisted loading Iranian oil for January despite US waivers allowing them to restart the trades amid a lack of clarity over rules Continue Reading
SINGAPORE/SEOUL (Reuters) – With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of this key ingredient in its large chemical Continue Reading
South Korea’s gasoline demand dropped 16% year on year in October, the sharpest decline in 20 years since October 1998 when the country was hit by the Asian financial crisis. Continue Reading
South Korea’s oil products demand fell 8.5% year on year in October due to higher retail prices and a domestic economic slowdown, data released late Thursday by Korea National Oil Continue Reading
South Korea is continuing to hold its dominant position in tanker delivery of liquefied natural gas (LNG) by winning major shipping orders over the next three years valued at more Continue Reading
Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said. Steam Continue Reading
