South Korean refiner S-Oil said it has no plans to cut fuel output, even after posting the largest loss in its history amid an unprecedented collapse in oil product demand.
News ID: 9253 Publish Date : 2020/04/28
US benchmark Nymex WTI crude futures fell by 21pc to just above $10/bl in Asian trading, extending losses from the previous session after the US Oil Fund (USO) decided to exit the June WTI Nymex contract.
News ID: 9251 Publish Date : 2020/04/28
Indian steel importers cannot use force majeure declarations stemming from the Covid-19 outbreak to block letters of credit with South Korean suppliers, the Mumbai High Court said.
News ID: 9118 Publish Date : 2020/04/13
South Korean air passenger traffic slumped by 84pc from pre-coronavirus levels in March, in one of the first indications of the full toll of the coronavirus pandemic on last month's Asia-Pacific jet fuel demand.
News ID: 9060 Publish Date : 2020/04/07
South Korean petrochemical producer SKGC is planning to idle its small cracker in Ulsan from December this year after the plant struggled to stay competitive.
News ID: 8874 Publish Date : 2020/03/26
The combined order books for South Korea's three major LNG shipbuilders has grown compared with a year earlier, despite slower order placement.
News ID: 8742 Publish Date : 2020/03/17
South Korean petrochemical producer LG Chemical is cutting operating rates at its Yosu and Daesan crackers from March amid reduced downstream operations with the impact of the coronavirus outbreak.
News ID: 8517 Publish Date : 2020/02/27
Malaysia's only styrene monomer (SM) producer, Idemitsu Styrene Monomer (ISM), has reduced operating rates by 10pc at its 241,000 t/yr unit this month because of negative production margins.
News ID: 8268 Publish Date : 2020/01/09
South Korean shipping firm Korea Line has signed a $307.4mn charter contract to operate two new LNG carriers (LNGCs) for at least seven years on behalf of Shell.
News ID: 8059 Publish Date : 2019/12/23
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won orders to build two new 174,000m³ LNG carriers, the firm said today.
News ID: 8056 Publish Date : 2019/12/23
Several naphtha-based crackers throughout Asia-Pacific are considering cutting their operating rates as margin losses deepen.
News ID: 7983 Publish Date : 2019/12/16
Japan's Nippon Steel has settled its October-December contract for semi-soft coking coal with an Australian supplier at $98/t fob Australia.
News ID: 7981 Publish Date : 2019/12/16
Dongkuk Steel Mill one of the largest EAF steel producers in South Korea has reportedly booked a bulk vessel of 10,000 MT cargo from Russia, for A3 grade scrap. The booking has reportedly been concluded at price level of USD 265/MT CFR South Korea.
News ID: 7960 Publish Date : 2019/11/29
Greek shipowner Maran Gas Maritime has ordered another LNG carrier from Daewoo Shipbuilding and Marine Engineering (DSME), its seventh such purchase from the South Korean firm this year.
News ID: 7827 Publish Date : 2019/12/09
South Korean benzene producers are seeking higher premiums for 2020 term sales with the contract negotiations still in their initial stages.
News ID: 7555 Publish Date : 2019/11/25
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an LNG carrier construction order from an unnamed firm worth 1.78 trillion won ($1.5bn), the firm said today.
News ID: 7552 Publish Date : 2019/11/25
South Korean Ambassador to Tehran Yu Jang Hian underlined the need for the settlement of problems which prevent further development of economic and trade ties and cooperation with Iran.
News ID: 7497 Publish Date : 2019/11/21
Imported HRC market in Vietnam has observed some deals being concluded last week. A confirmed trade deal heard of around 30,000-40,000 MT of HRC booked by a major Indian steelmaker. However, the deal price could not be confirmed at the time of reporting this article.
News ID: 7422 Publish Date : 2019/11/11
South Korean paraxylene (PX) producer S-Oil has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China assessments.
News ID: 7322 Publish Date : 2019/11/08
South Korean electric vehicle (EV) battery producer SK Innovation is nearing completion of two overseas plants that will more than quadruple its production capacity. But the company acknowledges that it will take as long as a year to bring them up to full output.
News ID: 7071 Publish Date : 2019/11/01