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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    South Korea considers withdrawing oil reserves if the situation deteriorates in Saudi Arabia

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    South Korea considers withdrawing oil reserves if the situation deteriorates in Saudi Arabia Empty South Korea considers withdrawing oil reserves if the situation deteriorates in Saudi Arabia

    Post by Rocky Mon 16 Sep 2019, 3:57 am


    South Korea considers withdrawing oil reserves if the situation deteriorates in Saudi Arabia

    10:21 - 16/09/2019



    South Korea considers withdrawing oil reserves if the situation deteriorates in Saudi Arabia %D8%A7%D9%84%D9%86%D9%81%D8%B7-2-696x392
    Information / Baghdad ..
    SEOUL (Reuters) - South Korea said on Monday it would consider withdrawing oil from its strategic crude reserves if crude oil imports worsened following Saturday's attack on Saudi oil facilities.
    The comments came as oil prices hit a four-month high on Monday after supply concerns were raised by Saturday's attacks on crude oil facilities in Saudi Arabia.
    South Korea's energy ministry said in a statement it did not expect a short-term impact on access to crude oil supplies from Saudi Arabia. But if the situation continues, it could disrupt crude oil supplies, she added.
    “The government will do its utmost to maintain the stability of demand, supply and prices, such as studying the drawdown of oil reserves if the situation worsens,” she said.
    South Korea, the world's fifth-largest oil importer, has about 92 million barrels of crude oil and refined products as strategic stocks. Of the total 96 million barrels, the country holds 82 million barrels of crude oil and the rest refined products such as gasoline, diesel and naphtha. Done / 25



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