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Oil dives on poor China factory data NEW YORK: World oil prices tumbled Tuesday as poor manufacturing data in China, the world's largest energy consumer, hammered the outlook for demand and shook market confidence.US benchmark West Texas Intermediate for October delivery lost $3.79, or 7.7 percent, closing at $45.41 a barrel on the New York Mercantile Exchange.The sell-off snapped a strong three-day WTI rally that had pushed the futures contract up more than 27 percent, rebounding from six and a half year lows.In London, Brent North Sea crude for October closed at $49.56 a barrel, down $4.59, or 8.5 percent, from Monday's settlement.China's economic woes once again were hitting markets worldwide. Official data released earlier in the day suggested the country's key manufacturing sector stalled in August. The purchasing managers index (PMI) slumped to a three-year low of 49.7 in August from 50.0 in July. A reading below 50 indicates contraction.US financial giant Citigroup said that China ...

Oil prices tumble in Asia on Chinese data SINGAPORE: Oil prices tumbled in Asia Tuesday, surrendering some of their big gains after fresh data showed manufacturing activity in top energy consumer China contracted in August, analysts said.The contraction in the Purchasing Managers' Index (PMI) for China's factory sector added to concerns about the health of the world's second biggest economy.US benchmark West Texas Intermediate (WTI) for October fell $1.50 to $47.70 and Brent crude for October dropped $1.46 to $52.69 a barrel in ...

Russia's Gazprom to sign MOU on gas supplies to China MOSCOW: Russia's Gazprom will sign a memorandum of understanding (MOU) with CNPC on piping gas to China during President Vladimir Putin's visit to Beijing this week, a Kremlin aide said on Monday. Russia has sought to bolster energy sales to Asia to offset a political chill in Europe that has prompted sanctions against Moscow over its role in a crisis in Ukraine. Putin will attend a military parade in the Chinese capital this week marking ...

Oil falls back below $49 as glut, China concerns weigh LONDON: Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy. International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.At 0835 GMT, Brent was down $1.28 at $48.77 a barrel and ...

Middle East Crude: Dubai hits record volume; DME Oman slumps SINGAPORE: The number of cargoes traded during a pricing process for Middle East crude exports to Asia hit an all-time high in August, traders said on Monday.Chinaoil, the trading arm of PetroChina Co, snapped up a record 36 million barrels over the month,Chinaoil bought 72 cargoes this month during the Platts Dubai Market on Close (MoC) process, of which nearly 70 percent were sold by Unipec, traders said on Monday, surpassing a prior record purchase ...

Oil prices slide after US-inspired jump LONDON: Oil slid Friday at the end of a tumultuous week, during which prices hit 6.5-year lows on fears over China's slowing but then rebounded on strong US economic growth data.US benchmark West Texas Intermediate (WTI) for October delivery lost 21 cents to $42.35 per barrel.Brent North Sea crude for October dropped 15 cents in early afternoon London deals to $47.41.Both contracts had soared by about 10 percent on Thursday after news the US economy ...

Lithuania LNG imports could fall to 320-320 mcm in 2016 OSLO: Lithuania is planning to import 35-40 percent less liquefied natural gas (LNG) via its terminal at the Klaipeda port next year due to falling demand, business daily Verslo Zinios reported on Friday. The volumes could decline from a planned 540 million cubic metres (mcm) this year to 320-350 mcm in 2016, the newspaper said, citing sources. Lithuanian LNG importer Litgas has a five-year contract with Norway's Statoil to buy 540 mcm per year, but ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln