All
 

 

Just in:  

You are here: Home

Asia

Archive

Vietnam's 2014 crude oil output seen above 17mn T HANOI: Vietnam is expected to produce more than 17 million tonnes of crude oil this year (341,000 barrels per day), beating its annual target by at least 5 percent, state oil and gas group Petrovietnam said. As of Tuesday, the group had pumped 16.21 million tonnes of crude and 9.5 billion cubic metres (cbm) of natural gas, meeting annual targets set by the government, the Hanoi-based group said in a statement. "Given this pace, the group will beat its production target this year by more than 1 million tonnes of crude oil and 0.5 billion cbm," the statement said. Vietnam, the third-largest holder of crude oil reserves in Asia, produced 16.71 million tonnes of crude oil in 2013. The higher forecast this year comes after Petrovietnam began operation of eight new oilfields this year and existing fields including White Rabbit and Diamond also produced more than expected, the group said. ...
Brent edges up toward $65, but Saudi stance on output curbs gains BEIJING: Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market's bearish tone largely intact. Comments by the Saudi Arabian oil minister shrugging off an output cut on Wednesday renewed worries about a global glut that has slashed prices by more than 40 percent since June. Brent crude edged up 51 cents to $64.75 by 0325 GMT, a little ...
Brent stays above $66 after dip on oversupply worries BEIJING: Brent crude remained above $66 barrel on Wednesday, after resuming its drift downwards amid a glut of oil on the market, following a short-lived reprieve the previous day when a weaker dollar had provided some support to prices.Worries about oversupply have pushed Brent down 40 percent since June."Notwithstanding day-to-day movements, the fundamental picture hasn't really changed, and that is one of supply outstripping demand growth for most of the year," said Phin Ziebell, a ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Thursday after falling sharply to fresh five-year lows in the previous session after OPEC cut its forecast for demand 2015 and US stockpiles saw a surprise surge, analysts said. US benchmark West Texas Intermediate (WTI) for January delivery rose 58 cents to $61.52 while Brent crude for January was up 65 cents at $64.89 in mid-morning trade. WTI tumbled $2.88 Wednesday while Brent lost $2.60 after the Organization of ...
Asia-Pacific Crude-Kimanis supply to rise in Feb SINGAPORE: The Asia-Pacific crude market came under pressure on Wednesday on an expected rise in supply of a new grade from Malaysia.Five cargoes of Kimanis crude could be available in February, up from three in the previous month, a trader said.Petroleum Brunei closed a tender on Wednesday to sell a cargo loading in Feb. 1-10.Output from the Gumusut-Kakap field was ramped up in the second half of this year and had been expected to reach ...

 





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk