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China's Oct Iran crude oil imports down 0.1pc on year: customs BEIJING: China's October Iranian crude oil imports edged down slightly from a year earlier to their lowest level in 14 months, official customs data showed on Monday, in part due to the outage at a petrochemical producer that suffered a fire in the spring.China, still Iran's top oil client, imported 1.44 million tonnes of Iranian oil last month, or 338,300 barrels per day (bpd), down 0.1 percent from a year ago and 18.8 percent lower from September, according to the custom data.That was the lowest oil volumes shipped in from Iran since August 2014, and less than the latest estimate of 407,400 bpd from Thomson Reuters Oil Research & Forecasts for China's Iranian crude imports in October. The research group expects imports from Iran to come in at 444,100 bpd in November.For the first ten months of the year, China brought in more than 22.3 million tonnes of Iranian crude ...

Ukraine gas stocks down 3pc since start of heating season KIEV: Ukraine's gas reserves have fallen by around 3 percent to 16.6 billion cubic metres (bcm) since the beginning of the heating season in mid-October, data from state gas transport monopoly Ukrtransgas showed on Monday.Ukraine had accumulated about 17 bcm of gas in underground storage as of the end of October, around 1.0 bcm more than a year earlier.Ukraine has said it has enough gas to safeguard supply in winter and ensure stable transit of ...

Statoil says to present two field development plans in 2016 OSLO: Oil major Statoil will present development plans for its Trestakk and Alfa Central fields next year, the company's field development chief for Norway said on Monday."We'll have two development plans next year," Ivar Aasheim told Reuters on the sidelines of a conference.Trestakk will be submitted for approval by Norwegian authorities in the spring of 2016 while Alfa will come sometime during the year, he said.Statoil plans to select concepts for its Arctic Castberg discovery ...

Middle East Crude-Refinery demand supported by weaker Dubai  SINGAPORE: The Middle East crude market was supported by healthy refining margins on Monday, while Dubai swaps weakened further against the Brent benchmark taking them to their lowest in more than a year.Brent's premium over Dubai swaps widened to $2.72 a barrel, the highest since July last year.Asian refiners rushed to secure cargoes because of expectations that supply may tighten as more Middle East crude flows to Europe, traders said.According to traders and shipping data, ...

Asia-Pacific Crude-Tight supply supports heavy sweets SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand on Monday even as Brent's premium to Dubai swaps widened to its highest since July last year.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), widened 12 cents to $2.72 a barrel, the highest since July last year.While a widening spread makes regional Brent-linked grades less attractive compared to Middle East grades, it also helps curb supply of cargoes from ...

Asia Fuel Oil-Crack gains, spreads tighten on arbitrage volumes  SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke rose on Monday, snapping three straight sessions of declines, amid uncertainty over the volume of arbitrage cargoes from the West next month and a drop in oil prices.The crack rose to a discount of $6.75 a barrel on Monday after reaching its highest in more than three months on Nov. 17.Between 3 million-4 million tonnes of oil is estimated to be on tankers heading East for arrival ...

Norway's Statoil sees unchanged foreign development and production activity in 2016 OSLO: Oil major Statoil's activity level outside its Norwegian home base will be largely unchanged in 2016 compared to 2015, the company said on Monday."For us, it will be more or less flat," Lars Christian Bacher, head of international development and production for Statoil told Reuters, when asked what the activity level will be next year compared to this year.Copyright Reuters, 2015


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

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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