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Indian Oil aims to buy 200,000 bpd from Kuwait in FY 14  NEW DELHI: India's state owned refiner Indian Oil Corp aims to buy 200,000 barrels per day (bpd) of oil from Kuwait in the 2013/14 financial year, unchanged from the current year, its head of finance, P. K. Goyal, said on Friday.   IOC and its subsidiary, Chennai Petroleum Corp, control 10 refineries accounting for about 30 percent of India's capacity of 4.3 million bpd.   Copyright Reuters, 2012

Crude prices rise in Asia on US, China data SINGAPORE: Crude prices rose in Asia on Friday, buoyed by an unexpected narrowing of the US trade deficit and slowing Chinese inflation, analysts said. New York's main contract, light sweet crude for delivery in December gained 31 cents to $85.40 a barrel in the afternoon while Brent North Sea crude for December was up 15 cents to $107.40. Hopes that the US economy is on the mend were boosted after data Thursday showed the trade deficit narrowed ...

After steep slump, oil prices eke out tiny gains  NEW YORK: Oil prices edged up Thursday amid bargain-hunting after the prior day's sell-off on concerns about the US "fiscal cliff" and the European public debt crisis.   New York's main contract, West Texas Intermediate crude for December, rose 65 cents from Wednesday to settle at $85.09 a barrel.   Brent North Sea crude for delivery in December gained 43 cents to $107.25 a barrel in London trade.   On Wednesday the WTI contract had plunged more than $4 to a ...

US spot natgas prices slip on moderating Northeast weather  NEW YORK: US spot natural gas prices slid across the nation for the first time in three days on Thursday, as early-week cold weather in the Northeast was expected to moderate in the coming days, curbing heating demand.   In addition, despite stronger gas futures, the prior days losses and government storage data on Thursday showing gas inventories rose to record levels also added more weight to the downside.   But some traders said ongoing nuclear power plant outages ...

Oman offers prompt crude, more OSPs awaited  SINGAPORE: The Middle East crude market was steady on Thursday as traders took stock of the official selling prices already announced by Saudi Arabia, Abu Dhabi National Oil Co and Qatar this week and waited for refiners to prepare their plans for the month.   Saudi Arabia raised light crude prices to Asia, while ADNOC's priced in higher differentials, and Qatar's differentials remained unchanged.   Oman offered 2 million barrels of prompt crude, traders said on Thursday. The tender ...

Iron ore at 3-month high on China policy hopes  SINGAPORE: Iron ore rose to its highest in more than three months and traders upped offers on Thursday for cargoes for sale to top buyer China, hoping to sustain what has been a gradual increase in prices, with steel demand largely stable.   Market participants were also keeping tabs on the opening of China's party congress that will usher in a once-in-a-decade leadership change, where they hope more pro-growth measures will be launched.   Price offers for imported iron ...

Brent inches above $107 after slump; Europe swings into focus  SINGAPORE: Brent crude rose above $107 a barrel in Asia on Thursday as a slump of almost 4 percent in the previous session, its biggest fall in about a year, lured in some buyers, although worries on the US fiscal cliff and Europe's woes kept a lid on gains.   Oil led a slump in commodities on Wednesday as concerns shifted to a shaky global economy and its impact on demand, after the uncertainty about the US ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln