The two-way trade volume totaled US$12 billion in 2017. with South Korea exporting $4 billion worth of products.
Read More »U.S. Sour Crude Sellers Cut Prices after China Tariff. OPEC Output Increase
South Korea’s second largest refiner GS Caltex has bought 4 million barrels of Mars crude in recent months. the sources said.
Read More »Oil-Importing Nations Need a Cartel to Counter OPEC
The U.S. is unlikely to join with China and India. though it should.
Read More »South Korea Shortlisted for Saudi Arabia`s Nuclear Project
The lucrative deal is the second chance for South Korea to tap into the Middle East market following a US$20 billion contract with the UAE in 2009.
Read More »China CNOOC Plans to Build LNG Terminal in East China
CNOOC. parent of CNOOC Ltd. is China’s largest operator of LNG import terminals.
Read More »Despite Challenges. Trans-Korea Gas Pipeline Project Reappears
State-run Korea Gas Corp (KOGAS) and Russian state gas company Gazprom will conduct a joint pipeline study.
Read More »China-US trade Dispute to Hit VLCC Demand
Sinopec expects China'.s total crude imports from the US in value terms to more than double in 2018 due to strong demand.
Read More »India and China Set To Form ‘Oil Buyers Club’
India is concerned that the rallying oil prices are hurting its economy.
Read More »China’s Offshore Wind Power Ranks 3rd in the World
Construction cost will also be a factor that decides the future offshore wind power market in China.
Read More »Iran doesn’t Believe Oil Customers to Get Sanctions Waivers
The request to halt Japanese imports signals a tougher stance than in 2012.
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