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Oil prices rebound in Asian trade SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high.New York's West Texas Intermediate for June delivery, was up 30 cents at $101.74 a barrel in afternoon trade, and Brent North Sea crude for June rose 24 cents to $109.35.Both contracts tumbled Wednesday on the US stockpiles data, which indicate softer demand at a time of robust production in the world's biggest oil consuming nation.Stocks rose 3.5 million barrels to 397.7 million for the week ended April 18, official figures showed, larger than the 2.4 million expected by analysts."While key economic data from US and Europe will be released this week, oil markets will continue to be influenced by geopolitical events," said Sanjeev Gupta, who heads the Asia-Pacific Oil & Gas practice at professional services firm EY.In Eastern Europe an agreement between Ukraine, Russia and Western ...


Oil prices rebound in Asian trade SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude oil inventories reaching an all-time high.New York's West Texas Intermediate for June delivery, was up 24 cents at $101.68 a barrel in mid-morning trade, and Brent North Sea crude for June rose 19 cents to $109.30.Both contracts tumbled Wednesday on the US stockpiles data, which indicate softer demand at a time of robust production in the ...

Total sees Russia as biggest source of its oil output by 2020 PARIS: France's Total expects the biggest share of its oil and gas output to come from Russia by 2020 and plans to stay there for the long haul despite recent tensions with the West over Ukraine, a top executive said.Total executives said they expected its production in Russia to soar to 400,000 barrels of oil equivalent per day (boe/d) by around 2020, almost doubling from 207,000 boe/d last year, thanks to its partnership with Russia's ...

Brent oil slips as US oil inventories hit record NEW YORK: Brent oil slipped on Wednesday after weekly data showed US crude inventories hit a record high, though the futures contract edged back over $109 a barrel and found some support from the ongoing crisis in Ukraine.The 3.5 million barrel build in US crude stocks to 397.6 million barrels, the highest since records began in 1982, did not surprise the market and US crude edged higher after the Energy Information Administration data was issued.Stocks ...

Egypt to pay some $1bn owed oil firms within two months CAIRO: Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies. It last year said it paid $1 billion of the money it owes the international firms as part of a repayment scheme seeking to revive confidence in the economy after years of turmoil. ...

Japan's JX Nippon shuts naphtha cracker due to ‘problem’ TOKYO: Japan's JX Nippon Oil & Energy said on Wednesday it had shut its 443,000 tonnes per year naphtha cracker in Kawasaki since Monday morning due to an unspecified problem. A company spokeswoman did not give any further details. The restart schedule for the cracker, which is located near Tokyo, has yet to be be set. Copyright Reuters, 2014

Oil prices down ahead of US stockpiles report SINGAPORE: Oil prices edged lower in Asian trade Wednesday despite hopes that a key US stockpiles report would beat bearish forecasts and ease concerns about tepid demand in the world's top crude consumer.New York's main contract, West Texas Intermediate for June delivery, was down 20 cents at $101.55 a barrel in afternoon trade while Brent North Sea crude for June eased nine cents to $109.18.WTI for May delivery, which expired Tuesday, fell $2.24 in New ...


 



 
Index Closing Chg%
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Arrow H.Seng 22,509.64 0.97
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln