• Title/Summary/Keyword: Crude Oil Market

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Structural Safety Evaluation for 75,000 TDW Chemical Tanker Applied Common Structural Rules (CSR을 적용한 75,000 TDW 화학제품 운반선의 구조 안전성 평가)

  • Sim, Ye-Eun;Haa, Chung-In;Nam Gung, Mun;Kim, Gi-Jae;Lee, Kyung-Seok;Kim, Man-Soo
    • Special Issue of the Society of Naval Architects of Korea
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    • 2013.12a
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    • pp.1-7
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    • 2013
  • In past decades, a maximum standard vessel size for chemical tankers is not normally larger than 55,000 TDW due to the characteristic of chemical product shipment which is so variable but small quantity unlike single product carries such as crude oil tankers. These days, as demand of very large chemical tanker is rising due to the change of market trend of chemical product shipment, 75,000 TDW class chemical tanker has been developed. The newly developed vessel's structure has been designed based on CSR (Common Structural Rule) for double hull oil tankers (hereafter CSR) published by IACS (International Association of Classification Societies). However, due to the large difference from typical oil tankers, many items should be specially considered such as on deck transverse and corrugated bulkheads. In addition, two longitudinal bulkheads without upper stool have been constructed in order to maximise the number of cargo tanks and the volume of each cargo tanks. In this study, key word of the vessel has been briefly reviewed and the structural reliability of the proposed vessel has been investigated.

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Benzo(a)pyrene Contents in Commercial Vegetable Oils and Changes during Processing of Vegetable Oils (국내 유통 식용유지 및 식용유지 종류별 제조 공정에 따른 벤조피렌 함량)

  • Sung, Tae-Kyung;Lee, Ji-Soo;Lee, Hyeon-Gyu
    • Korean Journal of Food Science and Technology
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    • v.44 no.3
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    • pp.269-273
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    • 2012
  • The principal objective of this study was to estimate the benzo(a)pyrene contents in commercial vegetable oils available in the Korean market and to assess the effects of various processing steps for vegetable oils on the contents of benzo(a)pyrene. Benzo(a)pyrene content in the studied commercial vegetable oils, crude oils, and raw materials were found to be lower than the maximum levels of 2 ppb. In both refined and pressed oil, the benzo(a)pyrene contents can be reduced through refining steps. However, an evident increase of benzo(a)pyrene contents during both the expeller process for corn oil and the roasting process for sesame oil was observed. This result indicates that the processing procedure, particularly heat treatment and refining steps would be critical in managing the benzo(a)pyrene contents in vegetable oils.

Analysis of the Effect of Energy Prices on Investment Sentiment: Applying the Wavelet Analysis Method (에너지 가격이 투자 심리에 미치는 효과 분석: 웨이블릿 분석 방법 적용)

  • Choi, Ki-Hong;Kim, Dong-Yoon
    • Journal of Korea Port Economic Association
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    • v.37 no.2
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    • pp.119-131
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    • 2021
  • Energy is an essential element in economic activity and people's lives, an important resource used by various industries, and the financialization of commodity markets has led to the growing importance of crude oil turning into the same asset as other assets. Accordingly, studies analyzing the correlation between energy prices and investor sentiment explain that investor sentiment affects oil prices through economic factors and speculation. In this study, we wanted to analyze whether the impact of the most representative changes in oil prices affects investor decision making, affecting investor sentiment, and applying wavelet consistency analysis to determine how energy prices relate to investor sentiment. Studies show that policies should be focused on policy and market changes because energy prices differ by time scale and investment sentiment should be more influential in the long term than in the short term.

Changing Political-Economic Geography of Energy Flows Northeast Asia (변화하는 동북아시아 에너지 흐름의 정치경제지리)

  • Choi, Byung-Doo
    • Journal of the Korean association of regional geographers
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    • v.12 no.4
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    • pp.475-495
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    • 2006
  • This paper is to analyse a changing space of energy flows in Northeast Asia from geopolitical and geoeconomic perspectives that have been recently promoted for energy security of countries in this region. The research is based on an analytical framework in an integration of political ecology and political economy. Because of an ever-increasing input of energy resources for economic growth and of dramatically increasing price of crude oil and recent instability of oil market, South Korea, China and Japan have been deeply concerned with energy security and conducted very actively geopolitical strategies. And hence the space of energy flows in the region is now in a process of dynamic reconfiguration, in which the project for development of oil and natural gas fields in East Siberia and construction of pipelines to transport them can be seen as one of competitive issues among these countries. In spite of worrying about stagflation due to rapid increase of oil price, such geo-strategies for energy security and reconfiguration of space of energy flows seem to keep the accumulation of capital in this region continue with generation of huge privatized oil companies.

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Feasibility Evaluation & Strategy of Replacement of Power Generation Fuel by Using Bio-diesel (바이오 디젤의 발전용 연료화 타당성 평가)

  • Hur, Kwang-Beom;Park, Jung-Keuk;Rhim, Sang-Gyu;Lee, Jung-Bin
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.806-812
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    • 2009
  • Availability of reliable and affordable energy supply is a prerequisite for economic growth. Renewables are the third largest contributor to global electricity production after coal and natural gas and account for a share of 18%. Power generating capacity from renewables has increased to around 900GW by the year 2007. Today biodiesel fuels have been in commercial use in many countries and recently the world-wide biodiesel market has experienced considerable growth, which is partly due to various tax concession programs and other financial incentives. In Korea, biodiesel has already been used for transportation fuel, but not used for power generation fuel yet. Korean government has a strategy for renewable energy propagation, especially the goal of power generation amount by renewable energy is 3% of total power production by 2012. This paper focuses on the feasibility study for adaptability and strategy of using biodiesel as power generation fuel. The study also has the plan to replace the fuel of thermal power plant, gas turbine and distributed power system. As the increase of biodiesel fuel, I look forward to environment-friendly power generation and the strategy of Renewable Portfolio Standards(RPS).

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Feasibility Evaluation & Strategy of Replacement of Power Generation Fuel by Using Bio-diesel (바이오 디젤의 발전용 연료화 타당성 및 추진전략)

  • Hur, Kwang-Beom;Park, Jung-Keuk;Rhim, Sang-Gyu;Kim, Sung-Chul
    • New & Renewable Energy
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    • v.5 no.1
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    • pp.32-39
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    • 2009
  • Availability of reliable and affordable energy supply is a prerequisite for economic growth. Renewables are the third largest contributor to global electricity production after coal and natural gas and account for a share of 18%. Power generating capacity from renewables has increased to around 900GW by the year 2007. Today biodiesel fuels have been in commercial use in many countries and recently the world-wide biodiesel market has experienced considerable growth, which is partly due to various tax concession programs and other financial incentives. In Korea, biodiesel has already been used for transportation fuel, but not used for power generation fuel yet Korean government has a strategy for renewable energy propagation, especially the goal of power generation amount by renewable energy is 3% of total power production by 2012. This paper focuses on the feasibility study for adaptability and strategy of using biodiesel as power generation fuel. The study also has the plan to replace the fuel of thermal power plant, gas turbine and distributed power system. As the increase of biodiesel fuel, I look forward to environment-friendly power generation and the strategy of Renewable Portfolio Standards(RPS).

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Review of property and utilization of oil crop for biodiesel (바이오디젤 원료작물의 기름 및 지방산 특성에 따른 활용방안 고찰)

  • Jang, Young-Seok;Kim, Kwang-Soo;Lee, Yong-Hwa;Cho, Hyeon-Jun;Suh, Sae-Jung
    • Journal of Plant Biotechnology
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    • v.37 no.1
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    • pp.25-46
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    • 2010
  • The demand for fuel and energy resources continues to grow due to increased consumption and emerging economies in all parts of the world. With this increase in demand, crude oil prices in the international market has jumped dramatically. Global warming, which is a consequence of increasing greenhouse gas (GHG) emissions, has become scientific, social, and political concerns. To cope with global warming and energy crisis, cost-competitive biofuels are urgently needed. In addition, development of an infrastructure, which supplies energy stably and diversifies energy resources, as well as new cost-saving technologies should be developed to reduce the costs of producing biofuels. Due to high oleic acid content, rapeseed (Brassica napus L.) is currently the potential feedstock for biodiesel production in temperate zone region and the production and use of rapeseed oil is already commercialized in Europe. In Korea double-cropping (rice and rapeseed) became more prevalent because it reduces competitions from land constraints. Production of rapeseed as a biodiesel feedstock may reduce the influence of rising oil prices and nation's dependence on imported petroleum and increase job opportunities and farm incomes.

Fatty Acid Composition of Canned Fish and Shellfish Products on Korean Market (국내시판 수산물통조림의 지방산조성)

  • Oh, Kwang-Soo;Kim, Jeong-Gyun;Sung, Dae-Whan;Lee, Hyeung-Joo;Lee, Eung-Ho
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.18 no.2
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    • pp.211-215
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    • 1989
  • The fatty acid composition of lipids separated from 14 kinds of canned fish and shellfish products from the market were examined. The crude lipid contents of canned fish and shellfish products showed wide difference (1.3-15.2%) depending on raw materials and kinds of products. Fatty acid composition of products were mainly consisted of polyenoic acid(34.5-61.4%), and followed by saturated acid(24.5-47.8%), monoenoic acid(12.4-32.0%). The major fatty acids were palmitic acid, palmitoleic acid oleic acid, eicosapentaenoic acid and docosahexaenoic acid. In case of canned tuna in oil and canned smoked oyster in oil, linoleic acid was the most predominant component(48.2%, 34.6%). Judging from the results, canned fish and shellfish products were abundant of the polyunsaturated fatty acids in spite of the high temperature sterilization and lone storage periods.

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A Study on Asymmetric Price Adjustment in Domestic Petroleum Market (국내 석유시장에서 비대칭 가격조정에 관한 연구)

  • Kim, Jin Hyung
    • Environmental and Resource Economics Review
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    • v.24 no.3
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    • pp.523-549
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    • 2015
  • This paper investigates an oil refiner's asymmetric behavior in the adjustments of gasoline and diesel prices to changes in his own price and his rivals' prices as well as input costs. An asymmetric error correction model which allows a firm's pricing behavior to the deviation of other firms' prices from their long-run equilibrium level is employed for estimation using weekly data for the period April 2009 to January 2015. Evidence is found that there is a significant degree of asymmetry in the adjustment of wholesale prices to changes in crude oil price. A similar result in regard to the exchange rate is also found by the data. The estimation results for firm's response to changes in other firms' prices indicates that implicit collusion could be more easily exploited in the wholesale petroleum market as results of firms' interaction with each other and anticipation of rivals' pricing behavior. A few refiners show competitive price adjustment in response to the upward deviation of the others' prices from their equilibrium level.

Characteristics of Mixed Tea Prepared with Several Herbs Cultivated in Korea (한국산 허브를 이용한 혼합 침출차 가공특성)

  • 주선종;최금주;김기식;박성규;김태수;오문헌;이상수;고재원
    • Food Science and Preservation
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    • v.9 no.4
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    • pp.400-405
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    • 2002
  • Herbs are widely used as a source of tea and otherwise such as botanical medicine, essential oil for perfumes, cosmetics, and food spices. This study was carried out to investigate the characteristics of herb tea prepared with lavender, rosemary, mint, thyme and sage cultivated in korea. Approximate composition were as follows : crude protein 1.4∼17.5%, crude fat 6.1∼15.8%, sugars 43.5∼61s%, crude ash 7.7∼10.7%. Minerals contents of Ca ranged 707∼1763mg%, P 234 ∼513mg%, K 2,391∼3,430mg%, and Mg 361∼573mg%. Vitamins were $\beta$ -Carotene 6.9∼27.7mg%, B$_1$, 0.34∼0.62mg%, B$_2$1.37 ∼2.52mg%, niacin 5.3∼8.8mg%, and C 102∼111mg%. The changes of chromaticity a and b, pH, and sugar content of the herb tea at the different temperatures were decreased 80$\^{C}$ and 100$\^{C}$ in comparison to 60$\^{C}$ but increased chromaticity L. In the result of sensory test of the processed herb tea was more preferred than the market goods.