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Oil falls as spotlight returns to global glut LONDON: Crude oil futures fell on Wednesday as investor focus shifted back to a deep global supply glut and away from the threat of escalating violence in the Middle East, which pushed prices to two-week highs the previous day.Brent was down 76 cents at $45.36 a barrel at 1003 GMT, reversing brief gains earlier in the session.The benchmark had settled up $1.29 at $46.12 on Tuesday, having hit its highest since Nov. 11 at $46.50 after Turkey shot down a Russian fighter jet. It had risen for five consecutive days, its longest run of positive sessions since April.U.S. West Texas Intermediate (WTI) futures fell 61 cents to $42.26 a barrel, having gained $1.12 to $42.87 on Tuesday.Data from industry group the American Petroleum Institute (API) showed that U.S. crude stocks rose by 2.6 million barrels in the week to Nov. 20, more than double analysts' expectations for an increase of ...

Asia-Pacific Crude-Steady; Brunei sells Jan Kimanis SINGAPORE: The Asia-Pacific crude market held steady, supported by high freight rates while lighter grades were boosted by strong naphtha cracks.Spot differentials for Malaysia's Kimanis grade held steady, after Petroleum Brunei sold a January cargo of the grade to Shell at $4.10-$4.20 a barrel above dated Brent, traders said.The price was in line with a deal done earlier this month by Petronas, but higher than last month, according to Thomson Reuters data. The deal could ...

Middle East Crude-ESPO edges up on China demand SINGAPORE: DME Oman fell further into discount in the Middle East crude market on Wednesday, while Russian ESPO crude edged up on strong China demand.Russia's Rosneft sold two cargoes of ESPO loading on Jan. 10-15 and Jan. 21-26 to ChemChina in a tender at $2.80-$2.90 a barrel above Dubai quotes, traders said.Spot differentials for the Russian grade were lower than last month when premiums reached a 16-month high, but higher than deals done earlier this ...

Poland says may remove gas price controls for industry from Q1 2016 WARSAW: Poland may next year remove controls it imposes on the price paid for natural gas by the biggest industrial consumers, in order to meet European Union requirements, energy market regulator URE said on Wednesday.Eastern Europe's biggest economy has begun to liberalise its gas market to comply with EU regulations, but URE continues to set the maximum price at which state-run distributor PGNiG sells gas to companies and households.Asked whether the price control could be ...

Gazprom says halts Ukraine gas deliveries over Kiev non-payment MOSCOW: Russian state giant Gazprom on Wednesday said it had halted gas deliveries to Ukraine after Kiev failed to make upfront payments for more supplies.Gazprom chief Alexei Miller said that as of 0700 GMT Ukraine's Naftogaz had used up all the gas it had paid for and "no new upfront payment has been made"."As such, deliveries have been stopped until the receipt of new payments from the Ukrainian company," Miller said in a statement."The refusal ...

Oil prices turn higher as diplomats seek to ease Middle East tensions SINGAPORE: Oil prices turned higher in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.But the global crude supply glut capped gains ahead of a US Department of Energy report expected to show another build in commercial crude stockpiles, indicating slower demand in the world's top oil consuming nation.Prices had surged Tuesday following the plane shooting which analysts warned could further ...

Oil prices down on diplomatic efforts to ease Middle East tensions SINGAPORE: Oil prices fell in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.Prices had surged Tuesday following the incident which analysts warned could further heighten tensions among key powers involved in the Syrian conflict and affect crude supplies from the oil-producing Middle East.The rally was cut short amid a flurry of diplomatic effort to appease a furious Russian President Vladimir ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln