SeoulMarkets · tag
oil
4 stories tagged “oil”, each from official Korean data with its source and timestamp.
We measured Korea's two oil prices in August. Ten weeks later the kerosene auction is almost gone.
Our August count put the kerosene auction dark one day in six across six years. Over the 49 sessions to 9 September it was dark 47 times — and petrol and diesel have tripled their own dark rate.
Diesel is draining off Korea's oil exchange — and the gap between its two order books isn't a spread
Diesel traded on the KRX oil market fell 23% from 2020 to 2025 while petrol held. And the 'premium' on its negotiated book over its competitive one is a few tenths of a percent that flips sign four days in ten. Not advice.
Korea's oil exchange traded half as much fuel in 2026, and its auction has gone quiet four days in five
Daily volume on KRX's diesel, petrol and kerosene markets has fallen sharply since April 2026 — down as much as 74% year-on-year for diesel — and the exchange's competitive auction increasingly prints no price at all.
Korea's oil exchange prints two prices for the same fuel, and they disagree four days in ten
The KRX oil market quotes two prices per fuel — a competitive-auction average and a negotiated one. Over six years they disagree: the negotiated runs below the auction on 37–46% of days, and the kerosene auction goes dark one day in six.