Latest Crude oil supplies News & Updates

Seoul, March 29 (IANS) Finance Minister Koo Yun-cheol said on Sunday that the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East.”If the situation worsens, we may have to raise the national resource crisis alert to Level 3,” Koo told a KBS television interview. “In that case, we would extend the vehicle rotation syst…