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China March crude imports drop to 5-month low BEIJING: China's crude oil imports in March fell to a five-month low, official data showed on Thursday, dropping to less than 6 million barrels per day (bpd) after three months of high inbound shipments and gains in fuel product inventories. The crude imports rose 2 percent compared to the same month a year ago as state-oil firms started up larger term contracts with suppliers such as Iraq and Russia to feed new refineries that came online in January. The world's top energy consumer took in 23.52 million tonnes, or 5.54 million barrels per day (bpd), of oil in March, down 7.8 percent on a daily basis from 6.01 million bpd in February, according to the General Administration of Customs. China's crude imports had held at more than 6 million bpd over the December-February period, hitting a record high 6.63 million bpd in January. But oil product inventories surged over the ...

Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Thursday, but losses were curbed by upbeat sentiment over the latest US supply report and lingering doubts about the full resumption of Libyan exports, analysts said. New York's main contract West Texas Intermediate (WTI) for May delivery dropped 25 cents to $103.35 a barrel in mid-morning trade and Brent North Sea crude for May slid 26 cents to $107.72.The Energy Information Administration (EIA) said US crude supplies jumped ...

US crude oil rises on spike in gas demand, technical trade NEW YORK: US crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.US crude oil stocks rose more than expected last week, but the build was overshadowed by a sharp spike in gasoline demand, according to US Energy Information Administration data.The data drove US gasoline and crude oil prices above ...

Oil prices rise on US supplies, Libya deal skepticism NEW YORK: Oil prices advanced Wednesday after a US supply report showed strong gasoline demand and as questions persisted about a full resumption of Libyan oil exports.US benchmark West Texas Intermediate for May delivery rose $1.04 to $103.60 a barrel on the New York Mercantile Exchange.In London. Brent oil for May delivery added 31 cents to $107.98 a barrel. The Energy Information Administration said US crude supplies jumped 4.0 million barrels for the week ended ...

Urals weakens in the Baltic, opening arb options LONDON: Russian Urals crude weakened in the Baltic on Wednesday due to a number of unsold cargoes while Kazakh CPC continued to strengthen due to a lack of sweet barrels.In the Platts window, Trafigura bought a cargo of Urals from Eni at dated Brent minus $1.30 a barrel, some 35 cents weaker than previous price estimates, traders said.Total bid for a cargo of CPC at dated Brent minus 40 cents, some 10 cents stronger than ...

Oil prices steady before US data LONDON: Oil prices steadied on Wednesday following a surge the day before, as traders awaited energy inventory data from the United States for demand clues regarding the world's biggest crude consumer.New York's main contract West Texas Intermediate (WTI) for delivery in May fell 16 cents to $102.40 a barrel ahead of the stockpiles figures due 1430 GMT.Brent North Sea crude for May edged up five cents to stand at $107.72.Analysts expect the US government inventories ...

Oil prices mixed on growing Ukraine fears SINGAPORE: Oil prices were mixed in Asian trade Wednesday following big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions.New York's main contract West Texas Intermediate (WTI) for May delivery eased 12 cents to $102.44 a barrel in mid-morning trade while Brent North Sea crude for May was up five cents to $107.72.WTI surged $2.12 in New York to its highest level in a month after pro-Russian protesters seized buildings in ...


Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln