South Korean authorities have received a restructuring plan for the country's largest petrochemical complex in Yeosu, the Industry Ministry said, marking a key step in the government's push to ...

The escalating U.S.–Israeli war with Iran and Tehran’s retaliation against Gulf neighbours have severely disrupted Middle ...

S. Korea's four major oil refiners are ramping up production and delaying maintenance to stabilize domestic fuel supply amid rising global energy risk ...

The South Korean government has implemented temporary price caps on petroleum products supplied by oil refineries to gas stations and distributors, effective Friday midnight, according to a news ...

A Bahraini oil refinery struck overnight by Iranian drones has declared a force majeure, according to the Gulf state's government-run media. Force majeure is a legal maneuver that means suppliers aren ...

March 9 (Asia Today) --South Korea's refining and petrochemical industries are considering cutting production or shutting down plants as crude oil supply disruptions tied to the Middle East conflict ...

The current situation in the Middle East — a major war involving the U.S., Israel, and Israel’s enemies, spiking global oil prices, spiking domestic gasoline prices — may feel a bit like déjà-vu. All ...

Bahrain's state oil company declared force majeure following an Iranian attack on its refinery. This legal step frees the company from contract obligations due to extraordinary circumstances. Despite ...

University of Reading provides funding as a member of The Conversation UK. Israeli strikes targeted oil facilities near the Iranian capital of Tehran over the weekend. Two oil refineries, both of ...

A motorcyclist died after a crash with another vehicle Saturday afternoon at a busy Southeast Portland intersection. Suspected fentanyl found in prison cell search sends Snake River officer to ...

South Korean stocks extended their recent nightmarish run on Monday after oil topped $100 a barrel for the first time since the aftermath of Russia invading Ukraine.

Bahrain’s state-owned energy firm Bapco Energies has declared a force majeure across its group operations following an attack on its refinery complex amid escalating regional tensions in the Middle ...