Edition:
United States

Jane Chung

Exclusive: Aramco Trading sells first U.S. West Texas Light crude to South Korea's Hyundai - sources

Aug 28 2019

SINGAPORE/NEW YORK/SEOUL Aramco Trading Company (ATC) sold its first-ever cargo of U.S. West Texas Light (WTL) crude, with a South Korean refiner the buyer, as the Saudi Aramco unit expands its U.S. oil dealings to boost trade volumes, four people familiar with the matter said.

Asian petrochemical profits slammed by trade war crossfire, oversupply

Aug 23 2019

SINGAPORE/SEOUL Profits from making petrochemicals in Asia have plunged to their lowest in months as the unrelenting trade conflict between Beijing and Washington stifles Chinese demand for chemicals and plastics just as waves of new production start to come on line.

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

Aug 14 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'

Aug 12 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

Aug 11 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

Aug 08 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

Aug 06 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

Aug 05 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

Jul 26 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

Jul 23 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.

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