OPEC & South Korea
16 shared events · Importance 3 · Last updated Jul 20, 2026
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International
OPEC: OPEC oil output fell to its lowest level in over two decades in April due to disruptions linked to the Strait of Hormuz, indicating reduced supply.
South Korea: South Korea, like Japan>>>, is heavily reliant on energy from the Gulf and has been impacted by the conflict. A peace deal would likely ease its energy supply concerns.
May 02, 2026 · 472 articles
International
OPEC: OPEC+ agreed to boost output by 188,000 bpd in August, but the increase may be difficult due to war disruptions.
South Korea: South Korea's Kospi plunged 9% as semiconductor stocks collapsed, making it a key barometer of global chip sentiment.
Apr 20, 2026 · 304 articles
International
OPEC: OPEC+ decision to increase output contributes to expected supply surplus, which reserve rebuilding may partially absorb.
South Korea: Expected to rebuild reserves gradually, depending on oil prices and government spending.
Jul 09, 2026 · 6 articles
International
OPEC: OPEC+ is expected to halt output increases, supporting prices, but faces supply constraints.
South Korea: South Korea has increased oil imports from the US and is affected by higher energy costs. Its stock market has seen declines.
Apr 08, 2026 · 416 articles
International
OPEC: OPEC is negatively impacted by the United Arab Emirates' departure, which deals a blow to the cartel's unity and influence in managing global oil supplies.
South Korea: South Korea has a tanker crossing the Strait of Hormuz in cooperation with Iran, demonstrating its efforts to maintain energy supplies despite the disruptions.
May 07, 2026 · 362 articles
International
OPEC: The United Arab Emirates decided to withdraw from OPEC, which could have implications for global oil supply and pricing.
South Korea: South Korean banks held $6 billion of frozen Iranian funds, which were later transferred to Qatar>>> pending a prisoner release, highlighting its role in the initial fund freezing.
Apr 26, 2026 · 590 articles
International
OPEC: Oil industry experts informed OPEC>>> that supply disruptions from the Strait of Hormuz>>> closure will persist.
South Korea: South Korean banks held $6 billion of frozen Iranian funds, which were later transferred to Qatar>>> pending a prisoner release, highlighting its role in the initial fund freezing.
Jun 03, 2026 · 17 articles
International
OPEC: Iran is the third-largest producer in OPEC, and the disruption to its oil exports due to the conflict has implications for global oil markets.
South Korea: South Korea had ships exiting the Strait of Hormuz, reflecting efforts to navigate the disrupted shipping routes.
Apr 20, 2026 · 508 articles
International
OPEC: OPEC is negatively impacted by the United Arab Emirates' departure, which deals a blow to the cartel's unity and influence in managing global oil supplies.
Apr 22, 2026 · 302 articles
International
OPEC: Iran is a member of OPEC, and the tariffs could indirectly affect the global oil market, though OPEC's direct role in this event is minimal.
Jan 12, 2026 · 8 articles
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