Korean Refiners Rush to Secure Billions Amid Oil Price Crash
The major Korean refiners are racing to secure substantial funding as global oil prices and demand continue their precipitous decline. HD Hyundai Oilbank, SK Innovation, and GS Caltex are all planning significant bond issuances to weather the storm hitting the refining sector. With WTI crude hovering in the low $60s and demand forecasts being slashed,…