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Middle East Crude-Dubai, Oman rebound; Platts adds new grades  SINGAPORE: Cash Dubai and DME Oman in the Middle East crude market recovered on Wednesday from lows seen earlier this week, supported by a rebound in fuel oil margins.Cash Dubai's discount to swaps narrowed by about 20 cents from Monday while the discount for DME tightened by 30 cents from Tuesday.Weakness in the benchmarks had depressed medium grades. Upper Zakum traded at a discount of about 50 cents to its official selling price (OSP), 10 cents wider than the previous deal, a trader said. Mitsui may have sold Qatar Marine at a discount of about 30 cents a barrel to its OSP."Market may have reached bottom if demand is still there," a the trader said, adding that good refining margins may support demand for these grades.Platts said on Wednesday it will add Qatar's al-Shaheen and Abu Dhabi's Murban crude to its Dubai and Oman benchmarks from January 2016 to boost ...

Angola's provisional Jan crude exports at a four-year low LONDON: Angola's crude oil exports are expected to fall to 1.46 million barrels per day (bpd) in January, the lowest in more than four years, according to provisional loading programmes released on Wednesday.The total, down nearly 20 percent from the 1.8 million bpd schedule for December, is the lowest export plan since June 2011, according to Reuters data.Traders said final exports were likely to rise, with Angolan state oil company Sonangol expected to add at ...

Norway gas exports in 2016 seen on a par with record 2015: Gassco CEO STAVANGER: Norway, the second-largest gas exporter to the European Union after Russia, will export about the same level of gas next year as the record level it is expected to reach this year, the chief executive of gas infrastructure operator Gassco told Reuters."For the current year, 2015, we will probably set a new export record," Frode Leversund said in an interview. "When it comes to next year ... we can expect volumes of roughly the ...

Azeri oil exports down 0.4pc in Jan-Oct: customs BAKU: Azerbaijan's oil exports edged down 0.4 percent in January through October compared with a year earlier, driven by a decline in oil production, a source at the State Customs Committee said on Wednesday.Azerbaijan exported 28.1 million tonnes of oil in the first 10 months of this year.Exports of oil via Russia through the Baku-Novorossiisk pipeline amounted to 1.1 million tonnes in the period, up from 848,519 tonnes a year earlier, the source said.Exports through ...

Falling US inventories boost oil, glut keeps lid on gains LONDON: Oil rose on Wednesday on reports of falling stockpiles and rising refinery activity in the United States, but analysts said a global supply glut would keep prices under pressure.Brent crude futures were up 65 cents at $44.22 per barrel by 0904 GMT after settling 99 cents lower the day before. U.S. crude futures were up almost half a dollar at $41.13 a barrel.The American Petroleum Institute (API), an industry group, said on Tuesday that ...

Saudi Arabian crude exports rise to 7.111mn bpd in Sept DUBAI: Saudi Arabia raised its oil exports in September by 113,000 barrels per day (bpd) to 7.111 million bpd from 6.998 million bpd in the previous month, official data showed on Wednesday.The OPEC heavyweight pumped 10.226 million bpd in September, slightly lower than August's 10.265 million but it still maintained high output in line with its strategy of defending market share.Saudi Arabia burns higher crude volumes to generate power for air conditioning during the hot ...

China cuts wholesale gas prices for second time this year BEIJING: China will cut wholesale prices of natural gas from Friday, the country's top economic planner said in the year's second price reduction, aimed at boosting flagging growth in demand for the cleaner-burning fuel.China's energy giants have been forced to resell or renegotiate long-term global supplies as a cooling economy has hit gas demand in the world's third-largest consumer, while an inflexible pricing policy also curbed consumption.Benchmark city-gate prices for non-residential users will be lowered ...


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