S. Korea to conditionally ease diesel export restrictions amid stable crude supplies

South Korea will ease export restrictions currently imposed on diesel starting in November on condition that domestic supply remains stable, the industry ministry said Thursday. The Ministry of Trade, Industry and Resources said the government will allow diesel exports of up to 110 percent of the volume recorded in the same month a year earlier, up from the current cap of 100 percent. The higher cap will apply only when oil refiners fulfill their domestic supply obligations and maintain adequate

Source: The Korea Herald