Jane Chung

POSCO's second-quarter profit slumps 84.3% as coronavirus hits steel demand

21 Jul 2020

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.

South Korea's June crude imports fall 12.6%, first-half imports down 7.9%

15 Jul 2020

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.

UPDATE 1-S.Korea's June crude imports fall 12.6%, H1 imports down 7.9%

15 Jul 2020

* H1 crude imports fall 7.9% y/y to 66.95 mln T (Recasts, adds details)

Indian committee recommends moving South Korea-owned plant hit by gas leak

07 Jul 2020

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.

Middle East crude share in S.Korea's first-half imports set to hit 32-year low

29 Jun 2020

* MidEast crude share estimated at 67% in H1 - Reuters calculations

UPDATE 1-S.Korea's May U.S. crude imports fall to lowest since Nov 2018

15 Jun 2020

* Jan-May crude imports at 56.91 mln T, down 7.0% on-year (Recasts, adds details)

Refineries around Asia join Chinese peers in ramping up oil output

09 Jun 2020

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.

Oil prices ease on dim economic outlook despite signs of firmer demand

20 May 2020

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.

South Korea's U.S. April crude imports rise 32.1% but broader demand slumps

15 May 2020

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.

UPDATE 1-S.Korea's U.S. April crude imports rise 32.1% but broader demand slumps

15 May 2020

* Total crude imports in April at 11.02 mln T, down 13.6% y/y

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