Post Tagged with: "South Korea"

South Korea’s U.S. crude imports jump in September; no imports from Iran

South Korea’s U.S. crude imports jump in September; no imports from Iran

Source: Reuters


SEOUL (Reuters) – South Korea’s crude oil imports from the United States more than doubled in September, while its imports of Iranian oil remained zero for a fifth month in a row due to U.S. sanctions, customs data …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Australia Poised to Become World’s Largest LNG Exporter

Australia Poised to Become World’s Largest LNG Exporter

From The Houston Chronicle


Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting.

Australian LNG capacity reached 11.4 billion cubic feet a day …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

EIA: Saudi Arabia Has Been Exporting More Crude Oil to China, Less to the United States

From the EIA


Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Production in Saudi …

Source: Saudi Aramco

Saudi Aramco to Collaborate With S-Oil on $6 Billion Steam Cracker

By Tyler Losier, Energy Reporter, Oil & Gas 360

Inauguration of new facilities includes MoU to build new cracker by 2024
Saudi Aramco joined South Korea’s S-Oil this week to inaugurate the latter company’s new petrochemical facilities: the residue upgrading

Source: Saudi Aramco

Saudi Aramco Signs 12 Agreements Worth Billions

By Tyler Losier, Energy Reporter, Oil & Gas 360

Aramco looks to expand its South Korean presence
Saudi Aramco has signed a series of 12 different agreements with a variety of South Korean companies in order to expand its international

South Korea Tests U.S. Super Light Oil as Iran Waiver Uncertainty Escalates: Reuters

South Korea Tests U.S. Super Light Oil as Iran Waiver Uncertainty Escalates: Reuters

From Reuters

South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep buying oil from the Middle Eastern nation, sources …

Bohrturm, Österreich: Weißer Hof 2014

Oil Price Reached $74 This Week, But Double That Could Be on the Horizon

Despite the surprise moderate build in U.S. crude oil stockpiles, analysts are worried of an impending price spike to $150 or more. 

Prices Today

Crude oil stocks rose by 1,245 MBBL last week to 417,881 MBBL from 416,636 MBBL. This …

South Korea Looks for Deal with Iran

Via Reuters:

South Korean officials visit Iran to seek post-sanction deals

SEOUL (Reuters) – South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement …

August 24, 2015 - 1:18 pm Energy News