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Asia Naphtha crack up for first time in 1-1/2 weeks  SINGAPORE: The Asian naphtha crack rose for the first time in about 1-1/2 weeks on Thursday, recovering from a near three-month low to a four-session high of $132.60 a tonne as an outage at a secondary unit in a South Korean plant lifted sellers' sentiment.GS Caltex Corp has unexpectedly shut a 60,000-barrels-per-day (bpd) hydrocracker.Although the shutdown could be brief and last for no more than a week, traders said there could be a possibility the refiner may need to lower its crude runs although this could not be immediately confirmed."I suspect GS Caltex may lower its crude throughput. Apart from the outage, the naphtha crack value is also undergoing correction as it has been falling for many days and was trading at lower end of the range," said a trader."Formosa's purchase likely has nothing to do with the stronger market today," he added.Although a hydrocracker produces mainly middle distillates, it ...

Oil falls to 3-week low under $108 on hopes for Ukraine talks LONDON: Oil fell to a three-week low below $108 a barrel on Thursday as worries about risks to supply caused by violence in Ukraine eased on hopes that talks could resolve the situation. Ample supply in top oil consumer the United States has also dragged down prices, with Brent crude on its longest losing streak since the start of the year. Brent crude futures fell for a fifth session, their longest losing streak since early ...

Middle East Crude: Steady, Japan offers to sell Khafji SINGAPORE: Middle Eastern crude held steady on Thursday as refiners and traders awaited the latest official selling prices (OSPs), with Japan's offer to sell oil from its strategic reserves marking the only key activity in the market.Asian buyers are awaiting OSPs from top producers to finalise their loading plans for August and gauge the demand outlook for the month.The OSPs so far, including those by top exporter Saudi Arabia, have come at higher levels than ...

Hong Kong's main share index ends lower in weak volumes HONG KONG: Hong Kong's main share index was dragged lower on Thursday by heavyweights Tencent and HSBC Holdings, though H-shares rose slightly lifted by auto and insurance companies. The Hang Seng Index closed down 0.2 percent at 23,109.66 points.But the China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.5 percent. Bourse volume remained below 20-day average for a second day. Carmakers led H-share gains. Dongfeng Motor Group surged 4.2 percent ...

Oil drops back on hopes for an easing of Ukraine tension NEW YORK: Brent and US crude ended lower on Wednesday as hopes that a peace plan from Ukraine's president-elect might help ease the crisis with Russian separatists cooled oil's earlier rally. Rising US distillate stockpiles and weak distillate profit margins in Northwest Europe also helped trigger the reversal by crude futures. Brent crude for July delivery fell 42 cents to settle at $108.40 a barrel.Brent settled back above the 100-day moving average of $100.32, but ...

Brent hits 3-week low of $108 as Ukraine tensions ease SINGAPORE: Brent crude slipped to a three-week low at $108 a barrel on Thursday as tensions over Ukraine cooled, while ample supply in top oil consumer United States also dragged down prices. News that Ukraine's President-elect and western leaders were working on a peace plan to end violence in the east of the country helped allay concerns that a conflict in the region, a main gas supply route to Europe from Russia, could disrupt oil ...

Oil prices dip on hopes of Ukraine crisis easing SINGAPORE: Oil prices dipped in Asia Thursday after Russian President Vladimir Putin reached out a hand to crisis-hit Ukraine, raising hopes of an easing in the worst East-West standoff since the Cold War. US benchmark, West Texas Intermediate for delivery in July, eased 20 cents to $102.44 a barrel while Brent North Sea crude for July was down 10 cents at $108.30."Benchmark prices fell due to the easing of tensions between Ukraine and Russia," said ...


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