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Sinopec to start trial operation of first LNG terminal by end-Oct BEIJING: Top Asian refiner Sinopec Corp will start trial operation of its first liquefied natural gas (LNG) terminal by the end of October, a company representative said on Tuesday. The 3.0 million tonne-per-year (tpy) terminal in Qingdao city of eastern Shandong province is also expected to receive its first LNG cargo by the end of next month, the representative said without specifying where the cargo will come from. Sinopec signed a deal in 2009 to buy 2.0 million tonnes a year of LNG for 20 years from ExxonMobil Corp's Papua New Guinea project. Copyright Reuters, 2014


Russia considers Rosneft request for help from state fund MOSCOW: Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had "on the whole" approved the company's investment programme. Rosneft's access to Western money has been restricted by the sanctions imposed in response to Moscow's role in the Ukrainian conflict. Rosneft has asked the government for $42 billion support from a fund earmarked for Russian pensions ...

Brent little changed after dipping to 26-month low NEW YORK: Brent crude oil futures ended little changed on Monday after weak Chinese economic data sent prices to a 26-month low earlier in the day, while US crude rose after bouncing off a technical support level near a 16-month low reached last week.Oil prices dropped early on data showing China's factory output grew in August at the weakest pace in nearly six years, while growth in other key sectors also cooled, raising fears the ...

US oil may rebound to $94.47 SINGAPORE: US oil may break a resistance at $93.20 per barrel and rebound more to $94.47, as it seems to have stabilised around a support at $91.14.The support is provided by the 161.8 percent Fibonacci projection level of a downward wave C that started at the July 22 high of $105.25. A small double-bottom is forming, but will only become reliable when oil breaks the resistance at $93.20, the 138.2 percent level.The possible double-bottom, along ...

Brent steady below $98, capped by weak demand SINGAPORE: Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lacklustre manufacturing output performance in the world's two largest economies, the United States and China, stoked demand fears and kept oil prices in check. November Brent was trading up 3 cents to $97.91 a barrel by 0253 GMT. The ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Tuesday following weak economic data from top energy consumers the United States and China, and as dealers await a key US Federal Reserve meeting. US benchmark West Texas Intermediate for October delivery fell 15 cents to $92.77, while Brent crude for November rose 14 cents to $98.02 in mid-morning trade. Brent's October contract expired Monday at $96.65, its lowest level since June 2012.Singapore's United Overseas Bank said "investors ...

Russian crude oil exports seen down 6pc in Q4 MOSCOW: Exports of seaborne Russian Urals and ESPO crude oil blends were seen declining by 6.2 percent to 50.17 million tonnes in the last three months of the year from the previous quarter, traders said on Monday, citing a quarterly loading schedule.Russia has been cutting crude oil exports as it has increased production of oil products from its refineries.Traders also said that the Black Sea port of Novorossiisk is expected to load 7.4 million tonnes ...


 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln