South Korea

Asian oil products demand rebounded in July led by diesel; June revised higher
Published 3 Sep 2019 by
- George Dix
Winter lock-in?
Published 30 Aug 2019 by
- Trevor Sikorski
With summer effectively over for the LNG market, the focus on the market is turning to winter. The global gas market is still in the grip of robust supply growth. JKM front-winter prices are now 7 $/mmbtu lower y/y. While there is always potential upside from cold winter weather, the downside con..
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Late summer heat
Published 27 Aug 2019 by
- Trevor Sikorski
Please note that users licensed for the data service can access LNG freight rates by clicking here.JKM prices in Asia remain weak, with October-delivery contracts below 5 $/mmbtu. While a heatwave in NE Asia is having its most pronounced impact on Japan, the still low JKM prices and narrow JKM-TT..
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Right said sour spread
- Oil
- Perspectives
Published 27 Aug 2019 by
- Amrita Sen
- Robert Campbell
Users licensed for the data service can access our global balances.The continued drop in Iranian, Saudi and Venezuelan supplies has tightened sour crude markets so much that even as HSFO demand and cracks have started to falter ahead of IMO 2020, sour crude prices have rallied. Ven..
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South Korea oil data – July 2019
Published 27 Aug 2019 by
- Michele Lewis
Users licensed for the data service can access our South Korean oil data.South Korean oil demand rebounded in July, up by 42 thousand b/d y/y, despite rising global (US–China) and regional (Japan–Korea) trade tensions. Growth was led by the petrochemical sector, where LPG demand in..
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V for all
- Oil products
- Fuel oil Outlook
Published 23 Aug 2019 by
- Robert Campbell
- Nevyn Nah
- Koen Wessels
High-sulphur fuel oil timespreads have rolled down and cracks are pricing like it is already 2020, making IMO 2020 more like IMO August 2019. In many ways, things are proceeding as the market has expected, although few expected the current strength in sour crudes. Though short covering provides s..
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Fundamentals August 2019
- Oil
- Fundamentals
Published 22 Aug 2019 by
- Amrita Sen
- Virendra Chauhan
- Michele Lewis
- Koen Wessels
- George Dix
- Christopher Haines
- Richard Jones
- Richard Mallinson
- Valeria Daza Cajigal
Fundamentals is our monthly review of global oil data, this is the August 2019 edition.Crude oil balance:We have increased our Q2 19 build to 0.2 mb/d following a 0.1 mb/d downward revision to East of Suez runs.We have cut our Q3 19 draw by 0.3 mb/d to 2.1 mb/d amid unplanned refinery outages and..
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Weekly North American NGLs update: Assuming the position
- LPG and NGLs
- E-mail alert
Published 22 Aug 2019 by
- Samantha Hartke
- Stefan Ulrich
Weekly oil products update - IMO fever
Published 16 Aug 2019 by
- Robert Campbell
- Nevyn Nah
- Koen Wessels
The eastern front
- Oil products
- Middle distillates Outlook
Published 16 Aug 2019 by
- Robert Campbell
- Nevyn Nah
- Koen Wessels
- Caroline Still
- George Dix
- Valeria Daza Cajigal
- Devanshi Kothari
IMO 2020 has arrived. Asian diesel markets are pricing to retain more supplies from Q4 19, and European markets have responded to force the east-west arb to reopen. Contrary to our expectation last month that the weakness in conventional European diesel demand would keep cracks under pressure, th..
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South Korea
Published 15 Aug 2019 by
- Jane Rangel
Please note that users licensed for the data service can access our South Korean gas balances, power by source and nuclear outages data. South Korean LNG imports in July rose by 0.28 Mt (10%) y/y to 3.03 Mt, boosting already high LNG storage. While recent changes to the nuclear maintenance schedu..
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Global arbs and trade flows
- Global arbs and trade flows
- Outlook
Published 14 Aug 2019 by
- Amrita Sen
- Christine Armstrong
- Stephen Wolfe
- Richard Mallinson
- Richard Jones
- Christopher Haines
Users can access global trade flows data through our data service. After falling to 44.3 mb/d in July, the lowest level since August 2017, global waterborne exports are expected to rebound only slightly by October. Although lower demand expectations and the escalating US–China trade wa..
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Jet demand will struggle to keep pace with rising supplies this summer
- Oil products
- Middle distillates E-mail alert
Published 12 Aug 2019 by
- Nevyn Nah
Sub-sub
Published 6 Aug 2019 by
- Trevor Sikorski
LNG Panorama will take a summer break. The next edition will be published on 27 August. Please note that users licensed for the data service can access LNG freight rates by clicking here. Low physical prices in Asia illustrate a very weak global gas market, with two trade deals reported below 4 $..
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The four seasons
Published 31 Jul 2019 by
- Trevor Sikorski
As peak summer has passed with only the occasional northeast Asian hot spell, the market for top-up spot cargoes remains stuck in the doldrums. The failure of the TTF-Henry Hub spread to close the arbitrage window for September ahead of the 60-day deadline suggests cargoes from US terminals will..
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