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    South Korea Urges Oil Refiners to Avoid Excessive Fuel Price Hikes Amid Middle East Tensions

    Government Calls for Transparent Petroleum Pricing Seoul, March 9: South Korea’s Industry Minister Kim Jung-kwan on Monday urged major oil refiners to avoid excessive fuel price increases as international crude oil prices surge due to the ongoing tensions in the Middle East.During a meeting in...
    • Karthik
    • Thread
    • crude oil prices energy market energy reserves fuel prices gasoline prices gs caltex hd hyundai oil bank kim jung-kwan middle east oil refining petroleum pricing price cap s-oil sk energy south korea
    • Replies: 0
    • Forum: Business
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    South Korea Prepares for Strait of Hormuz Closure After U.S. Israeli Strike on Iran

    Seoul Convenes Emergency Meeting to Assess Economic Fallout Seoul, March 1: South Korea’s industry ministry says it is preparing for all possible contingencies, including a potential closure of the Strait of Hormuz, following escalating tensions around Iran after a large scale U.S. Israeli...
    • Karthik
    • Thread
    • container carriers economic impact emergency response energy reserves export support iran maritime security middle east conflict oil imports red sea crisis shipping logistics south korea strait of hormuz strategic oil reserves suez canal
    • Replies: 0
    • Forum: Business
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