South Korea’s crude oil imports in November rose 14.2% from a year earlier, as local refiners raised crude throughput to meet improved consumer fuel demand, but spot crude cargo purchases for Q1 2022 could slip if Seoul reimposes COVID-19 restrictions for a prolonged period of time, refining industry and trading participants said Dec. 21. The .
South Korean refiners cheered OPEC and its allies’ decision to continue raising output in January, but the crude importers aim to continue diversifying their supply sources by lowering their dependence on Middle Eastern producers and raising imports from the Americas to tackle uncertainty in global supply-demand balance and price volatility. South Korea’s major refiners and .
South Korea is expected to purchase a minimum 10 million barrels/month of US crude over the coming quarters as the country’s reliance on North American supply increases amid tepid OPEC+ production levels, while competitive import costs for the US barrels bode well for end-users in times of high oil prices. Refiners in South Korea imported .
/PRNewswire/ The "Global Ethylene Vinyl Acetate Market by Type (Very low-density, Low-density, Medium-density, and High-density EVA), End-use Industry.
/PRNewswire/ The "Global Ethylene Vinyl Acetate Market by Type (Very low-density, Low-density, Medium-density, and High-density EVA), End-use Industry.