Korea, Republic Of

South Korea Base Oil Exports Down in July

South Korea Base Oil Exports Down in July

August 21, 2025

Base oil exports from South Korea rose 5% year over year in July, but the value of those exports dropped 2% due to lower ...

Luberef Earnings Sag, S-Oil Rebounds

Luberef Earnings Sag, S-Oil Rebounds

August 6, 2025

Two of Saudi Aramco’s base oil refiners posted their H1 results.

SK Innovation Drops Lube Division IPO Again

SK Innovation Drops Lube Division IPO Again

July 2, 2025

SK Group halted plans to spin off SK Enmove Co., its lubricant manufacturing business, from SK Innovation.

HD Hyundai Shell Base Oil Moving into Group III

HD Hyundai Shell Base Oil Moving into Group III

June 25, 2025

HD Hyundai Shell Base Oil, a joint venture between HD Hyundai Oilbank and Shell, plans to expand its Daesan facility to ...

Base Oil Remains S-Oil’s Breadwinner

Base Oil Remains S-Oil’s Breadwinner

April 29, 2025

S-Oil’s base oil unit looks to be the only part of its operations to be in profit this quarter.

South Korea Exports Continue Steady Decline

South Korea Exports Continue Steady Decline

March 25, 2025

Base oil exports from South Korea are down 6% year-on-year, according to Korea National Oil Corp. Dwindling Chinese dema ...

Additive

South Korea Base Oil Exports Dip Again

February 12, 2025

Base oil exports from South Korea dipped half a percentage point in 2024, falling to their lowest level since 2016, acco ...

Group II Run Rates Up at Daesan

Group II Run Rates Up at Daesan

January 8, 2025

Hyundai and Shell Base Oil has pushed up run rates at its API Group II base oil plant in Daesan, Korea.

South Korea Base Oil Export Volume Jumps

South Korea Base Oil Export Volume Jumps

December 18, 2024

The amount of base oil exports from South Korea jumped 23% in November, compared to the same month of 2023, but the valu ...

Additive

Less Cash for South Korea Base Oils

November 20, 2024

Base oil exports from South Korea dipped 3% last month, compared to October of 2023, but the value of those exports fell ...

S-Oil Posts Overall Loss, Base Oils Solid

S-Oil Posts Overall Loss, Base Oils Solid

November 6, 2024

S-Oil blamed a weaker won and tighter refining margins on its third quarter net loss. The same period in 2023 saw brisk ...

Additive

South Korea Base Oil Exports Surge

September 25, 2024

Base oil exports from South Korea jumped to 428,719 metric tons in August, according to new data from the country’s Cu ...

S-Oil Base Oil Income Steady in Q2

S-Oil Base Oil Income Steady in Q2

July 31, 2024

S-Oil's Q2 base oil results were steady, while petrochemicals income offset poor refining returns.

SK to be APAC’s Biggest Energy Company

SK to be APAC’s Biggest Energy Company

July 24, 2024

The merger announced last week between SK Innovation and SK E&S will create the largest private energy company in th ...

Additive

South Korean Base Oil Exports Tumble

July 16, 2024

Base oil exports from South Korea tanked in June, falling 4% from the same month of 2023, when the quantity was also exc ...

Additive

South Korea Base Oil Imports Jump

June 21, 2024

South Korea’s base oil export volume jumped 21% in May, while the reported value of those exports increased 4%, compar ...

Michang Records Earnings Bump

Michang Records Earnings Bump

June 21, 2024

South Korean lubricants blender Michang Petroleum reported a 13% increase in net profit despite a 4% decline in sales re ...