🇰🇷 South Korea 2d ago · mhlee@koreatimes.co.kr(KoreaTimes)

Korea likely to avoid tapping oil reserves through May

Korea Times
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Korea likely to avoid tapping oil reserves through May
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Korea will be able to weather ongoing energy supply uncertainties without tapping oil reserves through April and May, Industry Minister Kim Jung-kwan said Sunday. The government has secured sufficient crude oil supplies, supplemented by voluntary reserves held by private firms, according to the minister. He said the government was compelled to release strategic reserves during the Russia-Ukraine war, but this time, conditions are more stable. “We expect to pass through the coming months without

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