  
Analysis South Korea secures oil supply, locking in higher costs and tighter logisticsSeoul locks in 273 million barrels and naphtha, but longer routes and logistics strain raise costs and delivery risks  South Korea has secured crude oil and naphtha volumes through the end of the year, but the agreements lock the economy into higher costs and more constrained supply chains as it reroutes imports away from disrupted Middle Eastern shipping lanes. The government’s procurement effort reduces the risk of immediate shortages, but replaces it with longer shipping distances, tighter freight capacity and rising input costs. These constraints are already beginning to affect refining margins, petrochemical feedstocks and industrial pricing. The result is a shift from crisis containment to managing a more expensive and less flexible energy system. VOLUME SECURED Presidential chief © Korea Risk Group. All rights reserved. 
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October 03, 2026Oct 03, 2026
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