Arab Today, arab today south korea petroleum consumption hits 3year low in 2014
Last Updated : GMT 03:05:24
Arab Today, arab today
Arab Today, arab today

South Korea petroleum consumption hits 3-year low in 2014

Arab Today, arab today

Arab Today, arab today South Korea petroleum consumption hits 3-year low in 2014

Consumption of petroleum products in South Korea hit a 3-year low in 2014
Seoul - QNA

Consumption of petroleum products in South Korea hit a three-year low in 2014 despite a sharp fall in oil prices as the domestic economy remained tepid, the state oil firm said Monday.
A total of 823 million barrels of refined petroleum products were sold domestically last year, down 0.38 percent from 2013, according to data by the Korea National Oil Corporation, according to South Korea's News Agency (Yonhap).
Domestic consumption had been on a steady rise from 2009-2012 after a steep slide in the wake of the 2008 financial crisis, but it slumped from 2013-2014 as the domestic economy moved sideways.
By product, gasoline consumption inched up 0.08 percent on-year to 73.4 million barrels in 2014, and diesel increased 1 percent to 144.7 million barrels, data showed.
In contrast, sales of liquefied petroleum gas shed 3.6 percent to 89.67 million barrels, and kerosene plunged 18 percent to 15.41 million barrels in the period.
The state-funded Korea Energy Economics Institute forecast the domestic petroleum consumption will gain 1.8 percent this year when assuming the Korean economy grows 3.4 percent and the average price of Dubai crude stays at $63.3 per barrel.
"Demand in transportation fuel will rise thanks to low oil prices, but naphtha consumption is expected to remain slow because of the weak economic recovery and downturn in the petrochemical industry," KEEI researcher Lee Seung-moon said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea petroleum consumption hits 3year low in 2014 Arab Today, arab today south korea petroleum consumption hits 3year low in 2014

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday