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Articles Tagged "korea"

Russia and Middle Eastern Oil Sources Competing for Asian Business

Thursday, July 8th, 2010 7:46pm PDT

Japanese and South Korean refiners have increased oil purchases from Russia, eroding the dominance of Middle Eastern suppliers and electing for a more competitive crude source that is three weeks closer by ship. While Russian exports have surged over the last 6 months, the Middle East remains dominant, with total Middle East output in June around 19.9 million barrels, while Russia’s output was 10.3 million barrels, peaking at 330,000 barrels a day in June.

South Korea dependence on Middle East Crude Oil Up

Friday, June 26th, 2009 2:15am PDT

As per reports by the state run Korea National Oil Corporation, South Korea’s dependence on Middle Eastern crude oil edged up 1.4% to 83.1% in the first 4 months of 2009 compared with the same period in 2008. For full story, click here

Crude Oil has fallen on OPEC output

Monday, May 25th, 2009 4:12am PDT

Crude oil slipped on speculation OPEC ministers won’t cut output at their May 28 meeting and as the U.S. dollar gained after North Korea held a nuclear test. For full story, click here

Oil deal with Iraq still remains uncertain

Monday, April 13th, 2009 1:21am PDT

Korea may lose a chance to secure rights to explore oil fields in the southern region of Iraq as the government of the war-torn country excluded Korea from the list of bidders for its development projects. For full story, click here

South Korea’s S-Oil reported cut in crude runs to 460,000 barrels

Wednesday, April 8th, 2009 8:11am PDT

South Korea’s S-Oil Corp declared that it has cut crude runs to 460,000 barrels per day in April from 480,000 bpd in March due to planned maintenance at one of its crude units. For full story, clcik here

South Korean firms pledge to continue oil exploration in Iraq

Friday, April 3rd, 2009 4:19am PDT

South Korean firms announced that they would continue drilling for oil in an autonomous region of Iraq despite a decision by the central government to ban them from taking part in tenders. For full story, click here

South Korea’s Energy will keep crude runs steady in Apr

Thursday, April 2nd, 2009 2:42am PDT

South Korea’s SK Energy reported that it will keep crude operation rates steady in April from March after it decided to postpone the shutdown of its No.4 crude unit. For full story, click here

S.Korea Feb oil product exports dip from July end

Tuesday, March 17th, 2009 11:05pm PDT

South Korea’s oil product exports dipped last month, down more than two thirds from a record high in July last year, hit by weak demand and low crude oil prices. For full story, click here

Crude refiners decline on weaker won

Monday, March 2nd, 2009 3:45am PDT

Shares in crude refiners fell across the board on Monday in Korea as the won hit a fresh 11-year low against the U.S. dollar. For full story, click here

Demand Set To Recover Soon?

Friday, February 20th, 2009 8:53am PDT

The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.

Articles Tagged "korea"

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