South Korean refiners target higher-priced markets

摘要

Seoul-South Korea’s oil product exports to its top two destinations-China and Sin- gapore-contracted on a year-on-year basis in January, as refiners boosted exports to higher priced markets such as Australia, the US and Hong Kong. South Korean refiners exported 5.68 million barrels of oil products to China in January, down 0.6% year on year-the first decline in five months, data released earlier this week by state-run Korea National Oil Corp. showed.