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 ...

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

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 ...

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 ...

South Korea's Kospi triggered its second circuit breaker in four sessions on Monday. Asia-Pacific markets moderated losses later in the session as a reported release of Saudi Arabian crude on the ...

TEHRAN — Israeli Air Force struck oil storage depots and refining facilities in Tehran on Saturday evening, according to KAN. The strikes mark the first time Israel has targeted such energy facilities ...

Massive flames and thick plumes of smoke were seen rising over Tehran after Israeli strikes reportedly hit multiple oil depots and a refinery in the Iranian capital. According to the Israeli military, ...

Kuwait said it is cutting oil production due to "Iranian threats against safe passage of ships through the Strait of Hormuz." Kuwait is the fifth-largest oil producer in OPEC. It produced ...

A major oil refinery in Bahrain was attacked with an Iranian ballistic missile as the conflict in the Middle East intensifies. Large orange bursts of fire could be seen burning in the sky in a ...

Saudi Arabia said there was an attempted attack at its biggest oil refinery at Ras Tanura, days after the plant was targeted by a drone that shut down operations. Initial assessments indicate the ...