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DUBAI OIL PRICES FORECAST TO AVERAGE US$65 A BARREL H2 2006.
SEOUL, July 3 Asia Pulse - Prices of Dubai crude in the second half are expected to be much higher than in the first six months, officials said Saturday, pointing to their negative impact on the South Korean economy.
South Korea, the world's fourth-largest oil buyer, depends on Dubai crude for about 80 per cent of its oil imports.
According to the officials, a joint panel of private and government experts agreed that Dubai crude would fetch around US$65 a barrel in the second half, $3 to $4 higher than in the first half.
"The most critical factor in determining the future prices of Dubai crude will be Iran's official response to the West's proposal to end an international row on its nuclear program," a panel official said.
Tehran is scheduled ...
- DUBAI CRUDE CROSSES US$100 A BARREL FOR FIRST TIME.
- News wire article from: AsiaPulse News March 17, 2008 700+ words
...SEOUL, March 17 Asia Pulse - The spot price of Dubai crude oil, South Korea's benchmark, crossed US$100 per barrel for...weaken, Korea National Oil Corp. said Saturday. South Korea, the world's fifth-largest oil importer...
- Dubai crude breaches $100 a barrel for first time.
- News wire article from: YON - Yonhap News Agency of Korea March 16, 2008 700+ words
...SEOUL, March 15 (Yonhap) -- The spot price of Dubai crude oil, South Korea's benchmark, breached US$100 per barrel for...weaken, Korea National Oil Corp. said Saturday. South Korea, the world's fifth-largest oil importer...
- DUBAI CRUDE BREACHES US$100 A BARREL FOR FIRST TIME.
- News wire article from: AsiaPulse News March 17, 2008 700+ words
...SEOUL, March 17 Asia Pulse - The spot price of Dubai crude oil, South Korea's benchmark, breached US$100 per barrel for...weaken, Korea National Oil Corp. said Saturday. South Korea, the world's fifth-largest oil importer...
- SOUTH KOREA'S CENTRAL BANK SETS NEW KEY RATE AT 5 PCT.
- News wire article from: AsiaPulse News March 7, 2008 700+ words
SEOUL, March 7 Asia Pulse - South Korea's central bank on Friday set...the rate one or two times." South Korea's consumer prices rose 3...month in a row. The price of Dubai crude, South Korea's benchmark, jumped 61 per...
- SOUTH KOREA'S CONSUMER PRICE GAINS SLOW TO 4.5% IN NOVEMBER.
- News wire article from: AsiaPulse News December 1, 2008 700+ words
SEOUL, Dec 1 Asia Pulse - South Korea's consumer prices grew at...commodities. The price of Dubai crude, South Korea's benchmark, has fallen...economy, augmenting fears that South Korea's export-driven economy...
- SOUTH KOREA LOGS CURRENT ACCOUNT DEFICIT FOR 4TH MONTH.
- News wire article from: AsiaPulse News April 30, 2008 700+ words
...SEOUL, April 30 Asia Pulse - South Korea posted a current account deficit...Korea (BOK) said in a report. South Korea's current account balance swung...growth picked up. The price of Dubai crude, South Korea's benchmark, jumped 64.4...
- SOUTH KOREA'S COMMODITY PRICE GAIN HITS 10-YEAR HIGH.
- News wire article from: AsiaPulse News May 20, 2008 700+ words
SEOUL, May 20 Asia Pulse - South Korea's commodity prices rose at...prices. Given rising oil prices, South Korea's commodity prices are expected...the BOK added. The price of Dubai crude, South Korea's benchmark, soared 62 per...
- SOUTH KOREA'S PRODUCER PRICES HIT 3-YEAR HIGH IN DECEMBER.
- News wire article from: AsiaPulse News January 9, 2008 700+ words
SEOUL, Jan 9 Asia Pulse - South Korea's producer prices rose at...a statement. The price of Dubai crude, South Korea's benchmark, jumped 57 percent last year. South Korea, the world's fourth-largest...