refiners Archives | Be Korea-savvy
Korean Refiners Review Feasibility of Launching Hydrogen Charging Services

Korean Refiners Review Feasibility of Launching Hydrogen Charging Services

SEOUL, Sept. 15 (Korea Bizwire) — South Korean major oil refiners, which have had difficulty getting out of a loss-making business structure, are stepping into the hydrogen business, which was once regarded as a rival to their core operations. The country’s four major refiners — SK Innovation Co., GS Caltex Corp., Hyundai Oilbank Co. and [...]

Refiners’ Continued Negative Margin Dims Earnings Outlook

Refiners’ Continued Negative Margin Dims Earnings Outlook

SEOUL, Aug. 11 (Korea Bizwire) — South Korean oil refiners’ key profitability measure has remained stuck in negative terrain for weeks, clouding their earnings outlook, industry sources said Tuesday. The benchmark Singapore complex gross refining margin (GRM) was estimated at minus US$0.30 per barrel for the first week of August, marking the fourth straight week [...]

Refiners, Chemical Firms Feared to Take Further Hit from Virus

Refiners, Chemical Firms Feared to Take Further Hit from Virus

SEOUL, Feb. 20 (Korea Bizwire) — The new coronavirus outbreak is expected to deal a fresh blow to South Korean oil refiners and chemical makers already reeling from worsening profits, industry sources said Thursday. The pessimistic outlook comes as South Korean refineries’ exports to China, their largest overseas market, are projected to drop sharply because [...]