Energy, Oil & Gas

EV sales surge in key markets as energy crisis highlights fuel risks: IEA

Global electric car sales rebounded strongly in the second quarter of 2026, with growth in markets including Australia, Europe, South Korea and other regions offsetting weaker demand in China and the US, according to a new report from the International Energy Agency (IEA)....

Energy, Oil & Gas

South Korea extends fuel tax cuts amid Mideast tensions

South Korea will extend fuel tax cuts until September 30 amid Middle East tensions and energy cost concerns. Reductions of 15 per cent on gasoline and 25 per cent on diesel and butane will remain in place....

Energy, Oil & Gas

Energy firms join forces on South Korea offshore wind services

Renewable energy consultancy OWC, Korea Leading Energy Management (KLEM) and energy solutions provider OEG have signed a tripartite memorandum of understanding (MoU) to jointly deliver offshore wind balance of plant (BoP) operations and maintenance (O&M) services in South Korea....

Energy, Oil & Gas

South Korea inflation rises to 3.1pc as fuel prices spike

South Korea’s inflation rose to a 26-month high in May, reaching 3.1 per cent year-on-year. The increase was driven mainly by higher fuel costs amid volatility in global energy markets, according to Statistics Korea....

Energy, Oil & Gas

Japan, South Korea agree on energy supply security pact

Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung agreed to strengthen energy cooperation by securing stable supplies of crude oil, petroleum products, and LNG amid rising geopolitical tensions in the Middle East. ...