United Kingdom

Jane Chung

South Korea imports more U.S. oil in July as Iran shipments on hold

15 Aug 2019

SEOUL South Korea's oil imports from the United States and the United Arab Emirates jumped in July, with Iranian shipments remaining at zero for a third month due to U.S. sanctions, customs data showed on Thursday.

South Korea to drop Japan from its fast-track trade 'white list'

12 Aug 2019

SEOUL South Korea said on Monday it plans to drop Japan from its "white list" of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries. | Video

Oil prices fall on worries over demand growth outlook

12 Aug 2019

SEOUL, Aug 12 Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.

Oil prices rise on expectations of more OPEC output cuts

09 Aug 2019

SEOUL, Aug 9 Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the U.S.-China trade row could lead to a global slowdown, curbing demand for crude.

Oil prices drop as U.S.-China trade dispute stokes demand worries

07 Aug 2019

SEOUL, Aug 7 Oil fell on Wednesday as the intensifying Sino-U.S. trade dispute stoked worries over demand, although a drop in U.S. crude inventories offered some support to prices.

GRAPHIC-Scaling new heights, U.S. becomes S.Korea's 4th largest oil supplier in H1

05 Aug 2019

* S.Korea's U.S. crude imports to remain firm in H2 - analysts

SK Innovation sees diesel demand for IMO 2020 improving refining margins

26 Jul 2019

SEOUL South Korea's SK Innovation , owner of South Korea's biggest oil refiner SK Energy, said on Friday that refining margins are expected to improve, driven by solid diesel demand before new rules on marine fuels take effect from 2020.

South Korea's S-Oil sees IMO 2020 stock build supporting refining margins

24 Jul 2019

SEOUL S-Oil , South Korea's third-largest refiner, said on Wednesday it expects refining margins to strengthen in coming quarters, supported by demand for new low-sulfur marine fuels and the U.S. driving season.

South Korea's POSCO posts 15% drop in second quarter operating profit on higher raw materials costs

23 Jul 2019

SEOUL South Korean steelmaker POSCO said on Tuesday its second-quarter operating profit fell 15% from the same period a year earlier, dragged down by higher raw material costs, meeting analyst estimates.

RPT-Asia refiners test the waters with exports of IMO 2020-compliant fuel

17 Jul 2019

SEOUL/SINGAPORE, July 16 Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulphur ship fuel starting next year, exporting some cargoes of very low-sulphur fuel oil (VLSFO) this month.

World News