Just in:  

You are here: Home»Markets»Energy

Markets - Energy


Oil prices down after Obama speech on Iraq strategy SINGAPORE: Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even as US President Barack Obama vowed to destroy jihadist militants in Syria and Iraq.US benchmark West Texas Intermediate for October delivery eased 14 cents to $91.53 while Brent crude for October fell four cents to $98.00 in afternoon trade.In a prime-time televised address, Obama said the United States was ready to strike the "Islamic State" (IS) in Syria, while vowing to expand operations against them in neighbouring Iraq."Our objective is clear: we will degrade, and ultimately destroy, ISIL through a comprehensive and sustained counter-terrorism strategy," Obama said. The Islamic State group, also known as the Islamic State of Iraq and the Levant (ISIL), has overrun large swathes of Iraq and Syria and declared a "caliphate" in those areas. The sweeping offensive began on June 9, preventing Baghdad from exporting ...

US oil to hover above $91.14 SINGAPORE: US oil has found a support at $91.14 per barrel and may hover above this level for one trading day or rebound to a resistance at $93.20.The support and the resistance are provided by the 161.8 percent and the 138.2 percent Fibonacci projection levels of a downward wave C that started at the July 22 high of $105.25. Strengthening the support is another one at $91.24, the Jan. 9 low.The bullish divergence on the ...

Brent oil to hover above $97.65 SINGAPORE: Brent oil failed to break a support at $97.65 per barrel and may hover above this level for one day or rebound to $98.73.The support is provided by the 76.4 percent Fibonacci projection level of a downward wave c that developed from the Sept. 1 high of $103.30. A moderate rebound seems to have been triggered towards the resistance at $98.73, the 61.8 percent level.A break below $97.65 will confirm the extension of the ...

Brent holds above $98 on Mideast concerns; oversupply worries cap gains SINGAPORE: Brent crude nudged higher to stay above $98 a barrel on Thursday amid geopolitical concerns in the Middle East, although worries about ample supply and weak demand that dragged prices to 17-month lows in the previous session kept a lid on gains. An escalation in the United States' campaign against Islamic State militants with plans for air strikes for the first time in Syria and more attacks in Iraq have raised fears of reprisals, ...

CNOOC issues exploration tender, includes South China Sea blocks BEIJING: State-run CNOOC Ltd, China's top offshore oil producer, has issued a tender inviting foreign firms to bid for oil and gas blocks in offshore areas, including the South and East China Sea, the company said. CNOOC will offer 33 offshore blocks, with a total area of 126,108 square kms (48,690 square miles), for foreign participation this year, the company said. Of the total, 25 blocks are in the South China Sea, four in the ...

Oil prices fall on OPEC forecast, US supplies NEW YORK: World oil prices dropped Wednesday after OPEC trimmed its oil demand growth forecast and a US supply report showed surprisingly high inventories.US benchmark West Texas Intermediate for October delivery declined $1.08 to $91.67 a barrel on the New York Mercantile Exchange, its lowest closing price since January.European benchmark Brent oil for October delivery fell $1.12 to $98.04 a barrel on the Intercontinental Exchange in London. The Organization for Petroleum Exporting Countries (OPEC) revised ...

Yemen patches crude pipeline sabotaged by tribesmen, pumping resumes SANAA: Yemen resumed pumping crude through its main export pipeline after repair works were completed, the interior ministry said on Wednesday, after saboteurs blew it up on Monday, halting flows and disrupting an important source of revenue. Yemen's oil and gas pipelines have repeatedly been sabotaged by tribesmen feuding with the state since anti-government protests led to a power vacuum in 2011, causing fuel shortages and slashing export earnings. "Technical teams were able to successfully ...


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

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

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