Tag Archives: SK Innovation

Asia'.s fourth biggest oil consumer imported 112.55 million barrels from the North American producer over January-October.

The US has seen an increase in its oil supply to South Korea.

Quality could at some point become a bigger problem for US producers.

South Korean refiners and chemical heavily relied on Iranian condensate for production of various petrochemical products.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.

Since the fourth quarter of last year. SK Incheon Petrochem has cut its monthly Iranian condensate imports by nearly half to 1.1 million barrels.

Growth in shale production should limit any increases in Saudi oil pricing.

Iran has struggled to expand oil exports after it sold all the oil it had stored for years at sea earlier this year.

CNOOC. according to its website. is looking for foreign partners to explore and develop 22 blocks this year.

South Korea imported 4.23 million tonnes of crude oil. or 999.680 bpd. from the world'.s top crude exporter in May.