Just in:  

You are here: Home»Markets»Energy

Markets - Energy


Oil prices slightly up in Asia but gains limited SINGAPORE: Oil prices were higher in Asia Friday, but gains were limited in a market burdened by a persistent oversupply.A continued rise in US commercial crude inventories further confirmed predictions the glut will last well into next year, with Iran also expected ramp up production when Western sanctions are lifted under a deal with major powers to curb its nuclear programme.At around 0150 GMT, US benchmark West Texas Intermediate (WTI) for delivery in December was trading three cents higher at $40.57 a barrel on its last trading day, while Brent crude for January was up 11 cents to $44.29.WTI briefly fell below $40 in US trade Thursday before recovering to close above that level."WTI once again came under pressure, dipping below key $40 before recovering slightly, as US crude stockpiles continued to increase, keeping inventories over 100 million barrels above the five-year average," said Bernard Aw, market strategist at IG ...

Brent steady, US crude down ahead of contract expiry NEW YORK: Brent oil futures settled steady on Thursday while US crude fell ahead of the expiry of the front-month contract and continued pressure from large inventory builds. A weaker dollar and stronger refining margins for gasoline, which could prompt refiners to turn more crude into the motor fuel, helped limit the downside in crude. The dollar fell to a near one-week low against a basket of currencies, making crude and other commodities denominated in ...

West Africa Crude-IOC purchases a salve for oversupplied West Africa LONDON: A larger-than-usual purchase from India's IOC supported West African crude oil on Thursday, but a nagging backlog of cargoes kept a lid on any movement to differentials. IOC awarded its tender for January delivery to three firms, including ExxonnMobil, Chevron and Vitol, traders said. While it has taken 2-3 million barrels in recent tenders, the 5 million was somewhat of a surprise and was expected to help clear some of the persistent backlog in ...

Oil slides again as focus returns to heavy glut LONDON: Oil fell on Thursday, with U.S. crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel.Brent crude futures were down 24 cents at $43.90 a barrel by 1308 GMT.Rising U.S. stockpiles were the most visible evidence of oil markets being over supplied.Goldman Sachs said on Thursday there was still a downside risk to oil prices "as storage utilization continues to climb". The bank added ...

Oil climbs on France IS strikes, US stockpiles data LONDON: Oil prices rose Thursday as Europe's assault on the Islamic State triggered the possibility of supply risks in the crude-rich Middle East, analysts said.The market was buoyed also by the latest US energy stockpiles data and following reassuring comments from the Federal Reserve over the economy.At about 1230 GMT, US benchmark West Texas Intermediate for delivery in December was up eight cents at $40.83 a barrel. Brent North Sea crude for January delivery rose ...

Oil traders prepare for next big price drop in March 2016 SINGAPORE: Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is expected to be an unusually warm winter dents demand just as Iran's resurgent crude exports hit global markets after sanctions are ended.Crude futures have already lost around 60 percent of their value since mid-2014 as supply exceeds demand by roughly 0.7 million to 2.5 million barrels per day to create a glut that analysts say ...

Oil rises slightly as bargain hunters dip into market LONDON: Oil prices rose slightly on Thursday with some investors keen to buy at what they perceive to be bargain levels, but persistent gluts of crude and refined fuel kept gains slight.Brent crude futures were up 33 cents at $44.47 a barrel by 1030 GMT.International benchmark Brent is still down more than 10 percent this month and 22 percent this year, having slumped from as high as $115 in 2014."People are seeing oil at these ...


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

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

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