All
 

 

Just in:  

You are here: Home»Markets»Energy

Markets - Energy

Archive

Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.US benchmark West Texas Intermediate for delivery in November climbed 44 cents to $83.19 a barrel in afternoon trade, and Brent crude for December added four cents to $86.20.Both contracts ended marginally higher last week thanks to a minor dip-buying rally after prices tanked to multi-year lows.Wall Street's three main indexes surged Friday on bargain-hunting and following upbeat earnings from General Electric and Morgan Stanley.The Dow rose 1.63 percent, the S&P 500 jumped 1.29 percent and the Nasdaq gained 0.97 percent.Adding to buying sentiment were dovish comments from officials at the US and British central banks at the end of the week.However any gains for oil prices will be tempered by weak energy demand as the global ...


Iraq proposes to split crude supply into two grades -trade SINGAPORE: Iraq's State Oil Marketing Organization (SOMO) has proposed to split its crude supply into two grades and has requested feedback from buyers in Asia, trade sources said on Monday.The move was likely due to a rise in new production of heavier oil from fields such as West Qurna, they said.The second largest OPEC producer plans to offer two grades of crude - light and heavy - for exports from its southern terminals, the sources ...

Oil bucks downtrend to eke out small gain NEW YORK: Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. Oil has dropped over 25 percent since June on strong supply, signs of weak demand growth and indications that key oil producers, particularly Saudi Arabia, have a limited appetite to cut output to bolster prices. ...

US oil to drop to $81.70 SINGAPORE: US oil may retrace to $81.70 per barrel, as indicated by its wave pattern and a Fibonacci retracement analysis.A five-wave cycle from the Sept. 30 high of $94.90 has not completed. The gain from the Oct. 16 low of $79.78 was driven by the fourth wave, which failed to extend above a resistance at $84.81, the 38.2 percent Fibonacci retracement on the fall from the Oct. 1 high of $92.96 to $79.78.This wave will ...

Brent holds on to gains above $86, helped by US consumer sentiment SINGAPORE: Brent crude futures edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust US data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support. Abundant global oil supplies coupled with a gloomy economic outlook from Europe to China had pushed Brent to its lowest since 2010 last week, consolidating a loss of more than 25 percent since ...

Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.US benchmark West Texas Intermediate for delivery in November climbed 47 cents to $83.22 a barrel in late-morning trade and Brent crude for December added 17 cents to $86.33.Both contracts ended marginally higher last week thanks to a minor dip-buying rally after ...

JSW curbs coal production, investment hit by lower coal prices WARSAW: Poland's JSW, the largest coking coal miner in the European Union, cut its 2014 production target by 9 to 12 percent and slashed investment in an effort to regain profitability after steep falls in coal prices.State-controlled JSW, which swung to a net loss of over $100 million in the first half of the year, said in a statement late on Friday it planned to produce 13.8 million to 14.0 million tonnes of coal in ...


 



 
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





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

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