Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

South Korea's Oct oil product exports mark biggest increase in 30 months

Bunker Fuel | Oil | Crude Oil | Fuel Oil | Shipping | Marine Fuels | Storage | Tankers

Sweet opportunities remain for sour crude and heavy products

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Commodities | Agriculture | LNG | Oil | Crude Oil | Petrochemicals | Shipping

US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump

South Korea's Oct oil product exports mark biggest increase in 30 months

Seoul — South Korea's refined oil product exports in October jumped 20.1% year on year to 49.46 million barrels, or 1.60 million b/d, compared with 41.17 million barrels a year earlier, data released late Thursday from Korea National Oil Corp. showed.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

This marked the biggest increase in more than two years since April 2016 when shipments jumped 23.5% from a year earlier.

The October shipments were also up 10.4% from 44.78 million barrels in September.

For the first 10 months this year, oil product exports climbed 5.5% year on year to 442.07 million barrels, compared with 419.05 million barrels in the year-ago period. In 2017, oil product exports increased 4.2% year on year to 509.06 million barrels.

Exports of gasoil surged 25.9% year on year to 18.72 million barrels in October, whereas shipments of jet fuel rose 17.7% year on year to 10.82 million barrels last month.

Gasoline shipments jumped 23.8% year on year to 8.20 million barrels in October, while naphtha exports also rose 16.3% year on year to 4.15 million barrels last month.

But bunker C fuel oil exports fell 35.6% year on year to 1.42 million barrels last month.

Meanwhile, South Korea imported 27.70 million barrels, or 893,645 b/d, of oil products in October, up 4.1% from 26.61 million barrels a year earlier. But this was down 4.7% from 29.06 million barrels in September.

Over January-October, oil product imports climbed 6.4% year on year to 280.83 million barrels, compared with 264 million barrels in the same period last year. In 2017, South Korea's imports of oil products dipped 6.1% to 313.89 million barrels -- Charles Lee, newsdesk@spglobal.com

-- Edited by Irene Tang, newsdesk@spglobal.com