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OPEC oil supply falls by 350,000 bpd in February LONDON: The following table shows OPEC crude oil output in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Friday.The survey shows output from the Organization of the Petroleum Exporting Countries has fallen by 350,000 bpd in February, below its target of 30 million bpd.OPEC at a meeting on Nov. 27 agreed to retain that target for the first half of 2015 despite oversupply, a change of strategy aimed at defending market share rather than supporting prices. Copyright Reuters, 2015

German 2014 oil products sales down 0.9pc FRANKFURT: German oil products sales in 2014 were down 0.9 percent at 110.5 million tonnes, economic and foreign trade statistics office BAFA said on Friday.BAFA in a statement provided the following totals for the six main products.It also said that exports of oil products decreased by 0.6 percent to 20.1 tonnes, and that imports fell by 3.2 percent to 36.4 million tonnes.BAFA has reported separately that Germany's crude oil imports were down 1.4 percent to ...

Malaysia's Petronas swings to $2.02 billion loss in Q4 KUALA LUMPUR: Malaysian state energy firm Petronas said Friday it posted a net loss of 7.3 billion ringgit ($2.02 billion) in the fourth quarter due to a slide in global oil prices and asset impairment losses.In the same three-month period ending December 2014, Petronas, the single largest revenue contributor to the government, posted 12.8 billion ringgit profit.It is Petronas' first ever quarterly loss since five years ago when it launched its quarterly reports.Malaysia's only Fortune ...

Pacific Crude-Stronger; import tenders eyed SINGAPORE: The Asia-Pacific crude market found continued support from robust refinery demand, with traders awaiting the results of a flurry of import tenders.Regional refiners have increased crude buying this month to benefit from strong profit margins. Last month, the market strengthened due to buying for storage, but Brent's contango curve has flattened and storage facilities are nearing their capacity."The market seems to be driven more by end-user demand this month," a trader with an oil ...

India says clean energy a $160bn opportunity over 5 years NEW DELHI: India's renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, a finance ministry report said on Friday, the day before a federal budget that is set to boost clean energy funding.Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) ...

Malaysia's Petronas posts $2bn quarterly loss amid global oil slump KUALA LUMPUR: Petroliam Nasional Bhd, Malaysia's state oil company more commonly know as Petronas, reported a quarterly net loss on Friday versus a profit in the year-ago quarter, hit by a drop in oil prices and an impairment charge.The state-owned firm posted a net loss of 7.3 billion ringgit ($2.03 billion) in October-December 2014 compared to a profit of 12.8 billion ringgit in the same period in 2013, Petronas said in a statement.Unlisted Petronas is ...

Vietnam's Feb crude oil output rises 8.7pc y/y HANOI: Vietnam's crude oil production in February reached an estimated 1.3 million tonnes, or 340,000 barrels per day (bpd), up 8.7 percent from the same month last year, the government said on Friday.The actual output last month was revised down slightly at 1.4651 million tonnes from an initial estimate of 1.4657 million tonnes, or a 10.6 percent increase from January 2014, the General Statistics Office said in its monthly reportCopyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln