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Oil prices mixed in Asia SINGAPORE: Oil prices were mixed in Asia Wednesday as investors await the release of US Federal Reserve minutes from its July meeting, while keeping an eye on the latest stockpiles data.US benchmark West Texas Intermediate (WTI) for September delivery rose 81 cents to $95.29 on its last day of trading. It tumbled $1.93 in New York Tuesday as speculative traders sold off ahead of its expiration date. Brent crude for October eased 12 cents to $101.44. Desmond Chua, market analyst at CMC Markets in Singapore, said dealers are squaring positions before they scrutinise the minutes of a two-day Fed meeting that ended on July 30. Investors will be looking at whether the minutes "reveal anything insightful pertaining to tightening monetary policy", Chua said. Bank policymakers have said the Fed will hold its near-zero interest rate policy until the US economy strengthens but may raise rates if the jobs market kept ...


Japan July crude import volume down 2.7pc TOKYO: Japan's customs-cleared crude oil imports fell 2.7 percent in July from the same month a year earlier, the Ministry of Finance said on Wednesday. Japan, the world's fourth-biggest crude buyer, imported 3.32 million barrels per day (16.38 million kilolitres) of crude oil last month, the preliminary data showed. Japan's imports of liquefied natural gas totalled 7.84 million tonnes last month, up 5.7 percent from a year earlier. Imports of thermal coal for power generation ...

Brent holds near 14-month low on plentiful supply SINGAPORE: Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease. The oil benchmark has fallen more than 12 percent from this year's peak of $115.71 reached in June due to the turmoil in Iraq. While the conflict there continues, there has been no significant disruption to oil supply from the No. 2 OPEC producer, giving ...

Oil prices fall, US contract hits January low NEW YORK: World oil prices fell Tuesday , with the New York benchmark below $95 a barrel for the first time since January ahead of the weekly US inventories report and the contract's expiration.West Texas Intermediate (WTI) for delivery in September tumbled $1.93, closing at $94.48 a barrel.In London Brent North Sea crude for October delivery, the key European futures contract, slipped a modest four cents to finish at $101.56 a barrel.Earlier in the session ...

Brent falls to 14-month low on improving global supply NEW YORK: Brent crude prices fell to a 14-month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply."It is still under pressure from a combination of factors: plentiful supply, a lack of supply outages and weak refinery demand. In addition, the continued withdrawal of speculative financial investors is exacerbating the downward movement," Commerzbank said in a research note on Tuesday.Brent crude ...

Oil prices rebound as traders snap up bargain crude LONDON: World oil prices rebounded on Tuesday on bargain-hunting, one day after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts saidNew York's benchmark West Texas Intermediate (WTI) for delivery in September rose 30 cents to $96.71 a barrel. London's Brent North Sea crude for October delivery gained 17 cents to stand at $101.77 in afternoon deals.Brent, which is the key European futures contract, had plunged on Monday by $1.93 to settle at ...

UK gas prices edge upwards on lower Norway flows LONDON: Natural gas prices in Britain rose slightly on Tuesday morning as colder weather and a drop in flows via the Langeled pipeline from Norway added to market tightness.Prices for within-day delivery were trading at 43 pence per therm at 0823 GMT, up 0.25 pence since their last settlement. Prices for delivery on Wednesday were up 0.1 pence at 42.9 pence.The market was seen 12.5 million cubic metres (mcm) undersupplied, with supply flows forecast at ...


 



 
Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
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Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln