Korea, Republic Of

S-Oil Base Oil Income Steady in Q2
© Han Gyual Oh / shutterstock

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 ...

SK Forms Another Coolant Tie-up

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 ...

South Korea Base Oil Exports Decreased

South Korea Base Oil Exports Decreased

February 16, 2024

South Korea exported 23% less base oil volume in November and the exports’ declared value was flat, compared to the sa ...

Profits Down at SK, S-Oil

Profits Down at SK, S-Oil

February 9, 2024

Operating income was down for the fourth quarter and full year for both SK Enmove’s and S-Oil’s base oil and lubrica ...

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SK, Hyundai Partner on Refrigerants for EVs

February 2, 2024

SK Enmove and Hyundai Motor Group entered an agreement last week to jointly develop refrigerants for heating and cooling ...

South Korea Base Oil Exports Rise in December

South Korea Base Oil Exports Rise in December

January 19, 2024

South Korea’s base oil export volume jumped 27% in December, and the declared value of the oils exported was up 29%, a ...

Profits Down for GS Caltex, Up for Michang

Profits Down for GS Caltex, Up for Michang

December 15, 2023

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils busines ...