SEOUL South Korean steelmaker POSCO reported a drop of 84.3% in second-quarter operating profit, as the coronavirus pandemic dented steel demand, the company said on Tuesday.
* Revises 2020 sales outlook to 55.4 trln won, from 57.5
SEOUL South Korea's crude imports in June fell 12.6% from a year earlier, with its crude oil intakes for the first half dropping 7.9 %, pressured by weaker fuel demand at home and abroad in the midst of the coronavirus pandemic.
CHENNAI/SEOUL An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on Tuesday.
* MidEast crude share estimated at 67% in H1 - Reuters
* Jan-May crude imports at 56.91 mln T, down 7.0% on-year
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SEOUL/BANGKOK/SINGAPORE Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.
SEOUL/BANGKOK/SINGAPORE, June 9 Refineries from
India to South Korea are expected to increase output from June,
joining their Chinese counterparts as the easing of lockdown
measures boosts demand for oil products, industry executives
SEOUL, May 20 Oil prices dipped on Wednesday as
concerns over the lasting economic fallout from the coronavirus
pandemic outweighed signs of improving demand and production
cuts by major oil producers.
SEOUL South Korea's U.S. crude oil imports in April increased 32.1% from a year earlier, although overall crude imports fell as some refiners lowered run rates to cope with a slump in demand, customs data showed on Friday.