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Oil prices hold near $86 on China oil demand rise LONDON: Brent crude oil held near $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, rising 8 percent in September from a year earlier and boosting hopes of a strengthening recovery.Data on Tuesday showed China's economy expanded by 7.3 percent in the third quarter, above forecasts but its slowest pace since the global financial crisis."Oil is up in reaction to the Chinese demand figures," said Tamas Varga, analyst at London brokerage PVM Oil Associates."But this is a rally that should be sold into," Varga said. "The rise in implied Chinese oil demand may have more to do with filling ...


Statoil's oil find in North Sea bigger than expected OSLO: An oil find by Statoil in the Norwegian sector of the North Sea is much bigger than earlier thought and the find could be tied into the Grane field, the firm said in a statement on Tuesday. The discovery, first proven in 1992, contains between 30 and 80 million barrels of recoverable oil, well above previous estimates for about 6 million barrels, the Norwegian Petroleum Directorate added. The find is 7 kilometres north of ...

Oil prices mixed as caution returns SINGAPORE: Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 30 cents to $83.01 a barrel in afternoon trade, but Brent crude for December reversed earlier gains and fell three cents to $85.37.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered ...

Brent extends gains at above $85 as China oil demand rises SINGAPORE: Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. Implied oil demand at the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 mln barrels per day, the highest since February, as crude throughput and imports reached their second-highest level this year amid a continued stockbuild. Front-month Brent ...

China Sept crude oil throughput climbs 9.1pc on year BEIJING: China's refinery throughput rose 9.1 percent in September from a year earlier to 42.0 million tonnes, or 10.22 million barrels per day (bpd), data from the National Bureau of Statistics showed on Tuesday. The daily run rate is up 4.8 percent compared with the 9.75 million bpd recorded in August.Copyright Reuters, 2014

Oil prices up on China industrial output data SINGAPORE: Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 17 cents to $82.88 a barrel in late-morning trade and Brent crude for December added four cents to $84.44.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered after China said industrial production, which measures output at factories, workshops and ...

Oil prices dip after brief recovery LONDON: Oil prices fell on Monday after a brief rebound, with the market weighed down by weak demand growth in an oversupplied market.US benchmark West Texas Intermediate for delivery in November slipped five cents to $82.70 a barrel.Brent North Sea crude for December lost 48 cents to stand at $85.68 a barrel in London midday deals.Both contracts had risen at the end of last week as investors snapped up bargains after prices had tanked to ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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
WeeklyOctober 23, 2014
Reserves $13.465 bln