oil prices Archives | Page 2 of 2

Refiners’ Earnings Unscathed by Plunging Oil Prices

SEOUL, Feb. 5 (Korea Bizwire) – Despite global oil prices hitting a multi-year low due to a supply glut, local oil refiners pocketed decent earnings last year on the back of improved cracking margins, and their stellar performance may continue into this year, analysts say. Oil prices have been in the doldrums since early last [...]

Low Oil Prices a Boon for Korean Businesses

SEOUL, Jan. 30 (Korea Bizwire) — Six out of ten Korean businesses expected that currently low oil prices would produce positive effects, such as reduced production costs and sales increases. By industry, the automobile and textile industries showed high expectations, but the shipbuilding, E&C and petrochemical sectors expected losses to result from the low price of oil. [...]