South Korean refiners imported 7.407 million barrels of US crude in May, compared with 11.516 million barrels a year earlier,

S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.

South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.

U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019,

The Ministry of Trade, Industry and Energy said in a statement that 21 to 28 coal-fired power plants would be closed from March 1 to March 31 in an effort to reduce emissions of fine dust.

However, the companies are giving up on their component supply business in order to survive and South Korea’s nuclear power industry is now on the verge of collapse.

South Korea will shut up to 15 coal-fired power plants for a period of three months starting December to curb air pollution, which impacted imports in November.

Saudi Arabian Oil Company (Saudi Aramco) has completed, through its subsidiary Aramco Overseas Company B.V. (AOC), the acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately US$1.2 Billion. The completion follows receipt of all necessary regulatory consents and approvals.

South Korea's crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the September 14 attacks on Saudi's major oil facilities,

South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry said