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Middle East crude DME Oman slips back in discount SINGAPORE: DME Oman slipped back into a discount against Dubai swaps in the Middle East crude market on Tuesday, down from the previous session's two-month high, in the last trading day of the month.A flurry of trades dominated the Platts window as traders square their positions. Seventeen Dubai partials were traded and Vitol will deliver a December-loading Oman cargo to Shell.For Oman, SK Energy sold four partials to Shell.Elsewhere, North Asian refiners have stepped up spot purchases as they diversify their crude supply beyond the Middle East.The first US export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.The Suezmax Polar Discovery loaded at the Valdez terminal in Alaska late last week and was due to arrive next week in ...


UK gas prices rise as nearby demand outpaces supply LONDON: Prompt natural gas prices in Britain rose early on Tuesday as demand narrowly outstripped expected supply with a slight fall in Norwegian flows.Winter prices, however, were weaker, as hopes of a possible agreement between Russia and Ukraine in their dispute over gas supplies weighed on the market.Gas prices for delivery within the day were trading at 51.30 pence per therm at 0935 GMT, up 1.05 pence since their last close, and prices for delivery ...

Oil steadies above $97, supported by US, Chinese data LONDON: Brent oil steadied above $97 a barrel on Tuesday, supported by U.S. and Chinese economic data, but was still set for its deepest quarterly drop in more than two years because of strong supply and a surging dollar.Brent crude has slumped since June, when it hit this year's high of $115.71. Strong supply, a strong dollar and lacklustre economic data drove prices to a 26-month trough last week.Brent for November delivery was up 32 ...

Asia Pacific crude mixed; Alaskan crude headed for South Korea SINGAPORE: The Asia-Pacific crude market was mixed on Tuesday as Alaskan crude was on its was to South Korea, adding to a glut of crude in the region.South Korean refiner GS Caltex is set to receive 800,000 barrels of Alaskan crude on Oct. 10 after purchasing the oil on the spot market, a source at the company said. The deal marks the first U.S. export of Alaskan crude to South Korea in more than a ...

Thailand to raise domestic gas prices from Oct 1 BANGKOK: Thailand's military-backed government will raise prices of liquefied petroleum gas (LPG) for transportation by 0.62 baht/kg and those of natural gas for vehicles (NGV) by 1.00 baht ($0.03) from October 1, a senior energy ministry official said on Tuesday. The increases are part of closely-watched energy reforms aimed at restructuring domestic fuel prices from a highly-regulated system to a market-based one, the ministry's permanent secretary Areepong Bhoocha-oom told a news conference. Copyright Reuters, 2014 ...

Turkey hikes natural gas prices 9pc from October ISTANBUL: Turkey will hike electricity and natural gas prices by 9 percent from October, Energy Minister Taner Yildiz said on Tuesday, blaming a weaker lira currency for the price hikes in the heavily import-dependent country. The hikes are expected to put further pressure on already stubborn inflation. Much of Turkey's electricity is generated using natural gas, meaning the price rise is likely to have a significant impact on household energy bills.Copyright Reuters, 2014

Oil prices turn higher in Asian trade SINGAPORE: Oil prices turned higher in Asian trade Tuesday on expectations of upbeat economic data from the United States, the world's biggest economy, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery was up nine cents to $94.66 a barrel in afternoon trade and Brent crude added seven cents to $97.27.WTI climbed $1.03 in US trade Monday, while Brent was up 20 cents ahead of a fresh round of results analysts hope will confirm ...


 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln