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Oil market firm before US energy report LONDON: World oil prices edged higher Wednesday in cautious trading and dealmakers monitored the latest newsflow from Ukraine and the Middle East, ahead of the weekly US inventories report.Israel's operation against Hamas in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict that has entered its 16th day.Brent North Sea crude for delivery in September climbed 30 cents to stand at $107.63 a barrel nearing midday in London.US benchmark West Texas Intermediate (WTI) for September gained just five cents to $102.44 a barrel compared with Tuesday's closing value.Investors are eagerly awaiting the US Department of Energy's report on crude inventories for the week ending July 18.American oil reserves are expected to have tumbled by 2.5 million barrels, according to analysts polled by Dow Jones Newswires.That would indicate strengthening demand for oil in the United States, which is the world's biggest consumer of ...


UK gas near-term prices weaker on oversupply LONDON: Wholesale natural gas prices in Britain were lower on Wednesday as supply continued to exceed demand.The front-month futures lost 0.4 percent to 37.20 pence/therm in early trade, while the day-ahead contract had not traded at the time of writing but was bid at 36.85 pence, 0.15 pence below Tuesday's settlement."A long system and higher forecasted UKCS (UK Continental Shelf) flows for today are the two bearish factors for the day-ahead contract," analysts at Thomson ...

India's Jan-June Iran oil imports climb by a third: trade NEW DELHI: India's crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran's nuclear activity and ease Western sanctions.India, Iran's top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter, partly to make up for deep cuts in 2013 due to ...

Brent firm above $107; strong dollar offsets global tensions LONDON: Brent crude steadied above $107 a barrel on Wednesday as a stronger dollar and weak demand offset threats to supplies from oil-producing regions.The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter."When the U.S. and the EU impose more sanctions on Russia, that will impact the mid-term production profile of the Russian oil industry," said ...

Asia Pacific crude trade slows as excess African supply weighs SINGAPORE: Sweet grades were slow to move in the Asia-Pacific crude market on Wednesday, depressed by the prospect of excess African supply heading to the east.As much as 50 million barrels of African crude remained unsold for July-August loading, a trader said, as weak demand caused the overhang.High freight costs for Suezmaxes have also deterred Asian buyers from snapping up the much-depressed African oil where premiums have slipped to multi-year lows.But regional sweets will remain ...

Russian gasoline exports down 15.4pc in June vs May MOSCOW: Russian gasoline and fuel oil exports in June fell by 15.4 percent and 2.0 percent, respectively, on a daily basis from May, while gas oil exports were up by 6.1 percent, data from the Energy Ministry and Reuters showed. Russia's domestic supplies of gasoline and fuel oil increased by 6.3 percent and 6.4 percent, respectively, while local shipments of gas oil grew by 3.6 percent.According to the market sources, major refineries cut their gasoline ...

Oil extends losses in Asian trade SINGAPORE: Oil prices extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict that has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 39 cents at $102.00 ...


 



 
Index Closing Chg%
Arrow DJIA 17,757.91 0.79
Arrow Nasdaq 5,013.13 0.53
Arrow S&P 2,077.42 0.69
Arrow FTSE 6,608.59 1.34
Arrow DAX 11,180.50 2.15
Arrow CAC-40 4,883.19 1.94
Arrow Nikkei 20,329.32 0.46
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 28,020.87 0.86





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln