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Europe Gasoline/Naphtha: Gasoline slips, but late summer fixtures possible LONDON: European gasoline barge prices slipped on Tuesday, following Brent crude futures down, but this raised hopes that shipments to the United States could revive before the summer driving season comes to an end.Very few gasoline cargoes have been booked over the last few days, with some market participants taking the view that US seasonal demand is beginning to slacken off, while arbitrage economics have been unhelpful.Loading and discharging delays at terminals in the Amsterdam-Rotterdam-Antwerp hub have also deterred some traders from fixing cargoes, a broker said.However, weaker prices in Europe and firmer US RBOB gasoline futures should make the arbitrage more workable."We're more competitive and I think our export economics have improved," one Europe-based trader said.RBOB rallied on Monday after a CDU malfunctioned at BP's Whiting, Indiana refinery. A restart is expected around Aug. 19-22.Water levels along the river Rhine and Danube remain below the depth at which barges ...


Oil prices drop on China currency move LONDON: Oil prices fell Tuesday, mirroring sentiment across commodity markets, after China devalued its currency to help boost its economic growth. Crude prices had already been falling in recent weeks owing to a global supply glut despite forecasts of demand growth. US benchmark West Texas Intermediate for September delivery fell 83 cents to $44.13 a barrel compared with Monday's close. Brent North Sea crude for September dropped 66 cents to stand at $49.75 a barrel ...

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Tuesday as dealers focused on an upcoming US energy report for clues about production and demand in the world's top crude consumer amid abundant global supplies. US benchmark West Texas Intermediate for September delivery fell 31 cents to $44.65 while Brent crude for September eased 21 cents to $50.20 in afternoon trade. The US Energy Information Administration will on Wednesday release the latest US stockpiles report for the week ...

Brent oil hits six-month low after Chinese trade data LONDON: Crude oil futures touched multi-month lows on Monday after a weekend of mixed data from China showing higher oil imports in July but weaker trade figures overall, hurting sentiment across the commodities markets.Brent was down 19 cents at $48.42 a barrel at 0854 GMT, after touching $48.24 earlier in the session, the lowest in over six months.US crude was down 18 cents at $43.69 after hitting an intraday low of $43.35 in Asian trading. ...

Oil prices fall on oversupply fears HONG KONG: Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut of suppliers.US benchmark West Texas Intermediate (WTI) for September delivery was at $43.57, down from $43.87 on Friday in New York -- its lowest close since March 17.Brent crude for September was trading at $48.25 after ending at $48.61 on Friday."It's still a supply story," Jonathan Barratt, chief investment officer at ...

Oil prices dip at end of turbulent week LONDON: Oil prices eased on Friday at the end of a week in which they hit multi-month lows, extending a prolonged losing run caused by a global supply glut.US benchmark West Texas Intermediate (WTI) for delivery in September dipped three cents to $44.63 a barrel compared with Thursday's close.Brent North Sea crude for September shed 30 cents to stand at $49.22 a barrel in London afternoon deals.A glut of crude oil supply is seen as ...

Oil prices set to continue multi-week decline HONG KONG: Oil prices looked set to continue a multi-week decline in Asian trade on Friday on concerns over a global oversupply of crude and mixed prospects for energy demand.US benchmark West Texas Intermediate (WTI) for September delivery was at $44.83, down from $47.12 a week ago, and on course for its eighth consecutive week of declines.Brent crude for September, meanwhile, was trading at $49.73 compared to $52.21 last week, and set for a sixth ...


 



 
Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln