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
Kia Motors and Hyundai Motor plan to introduce solar roof charging technology on selected Hyundai Motor Group vehicles. Electricity-generating solar panels will be incorporated into the roof or the hood Continue Reading
South Korea exported 550,000 automobiles from July to September, down 13.6% year on year due to weak overseas demand, the Korea Customs Service said Tuesday. Receive daily email alerts, subscriber Continue Reading
