SEOUL/TOKYO As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck.
SINGAPORE/SEOUL At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in October and as they look to cushion the impact on supply of U.S. sanctions on Iran, sources said.
SEOUL North Korea's ruling family has long dreamed of a state-of-the-art rail system linking its major cities with each other and the wider world. | Video
SEOUL/MELBOURNE South Korean steelmaker POSCO has sealed a deal to buy lithium mining rights in Argentina from Galaxy Resources for $280 million, beefing up the Australian miner's funds to dig a lithium mine on neighbouring ground.
SEOUL/SINGAPORE South Korea's Hanwha Total Petrochemical Co Ltd [SMCHE.UL] has increased imports of condensate from the United States and Australia and is seeking more European cargoes to replace Iranian supplies, two industry sources said on Thursday.
SEOUL, Aug 22 Oil prices rose on Wednesday,
supported by a drop in U.S. crude inventories and a weaker
dollar, along with concerns about a potential shortfall of
Iranian oil from November due to U.S. sanctions.
* Market weights potential oil supply cut from Iran
SEOUL/SINGAPORE South Korean imports of U.S. crude oil are set to hit all-time highs in September and October as refiners snap up supplies to replace Middle East grades, four sources with knowledge of the matter said.
SEOUL/TOKYO South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Iranian oil from November, three sources familiar with the matter said on Friday.
MOSCOW/SEOUL South Korea has imported four times more CPC Blend crude so far in 2018 than in the same period last year, as the major Asian oil consumer seeks to replace Iranian supplies, shipments data and trading sources said.