Korea, Republic Of

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

May 17, 2024

South Korea exported 19% less base oil at a 32% drop in reported value in April, according to data released earlier this ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

Profits Down for SK Enmove, S-Oil

Profits Down for SK Enmove, S-Oil

May 3, 2024

The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ...

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SK Forms Another Coolant Tie-up

April 12, 2024

SK Enmove has entered another partnership to develop and supply immersion coolants for data centers – this time teamin ...

Michang Posted Higher Profit in 2023

Michang Posted Higher Profit in 2023

March 22, 2024

South Korean lubricants blender Michang Petroleum reported a 138% jump in net profit in 2023, despite a slight decrease ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

March 15, 2024

South Korea exported 20% less base oil at 23% less reported value in February than in the same month last year, accordin ...

Profits Rise for GS Caltex, Fall for Thai Oil

Profits Rise for GS Caltex, Fall for Thai Oil

February 16, 2024

South Korea’s GS Caltex reported higher operating profit for its base oil and lubricants business for full-year 2023 d ...