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Asia-Pacific Crude-Steady; Malaysian March exports unchanged m/m SINGAPORE: The Asia-Pacific crude market held steady on Wednesday supported by robust demand, while Brent's narrowing gap to Dubai grades could also provide some support for regional grades.Spot differentials have increased slightly this month, although premiums remained depressed due to an oversupply in the region.PV Oil sold 200,000 barrels of March-loading Song Doc crude in a tender at around $4.10-$4.20 a barrel above dated Brent, roughly in line with the previous month, traders said.The cargo may have been bought by Shell, one trader said, although the deal could not be independently verified.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), widened 12 cents to $1.58 a barrel, but remained near its lowest in three months.A narrow spread makes Brent-linked grades more competitive compared with Middle Eastern and Russian Pacific grades.Petronas issued two tenders for 310,000 barrels of Cakerawala condensate loading March 6-15 and for 300,000 barrels ...


Middle East Crude-Condensate premiums to rise on naphtha rebound  SINGAPORE: March premiums for condensate in the Middle East crude market are expected to rise from the previous month on the back of a rebound in naphtha cracks, traders said on Wednesday.Qatar's Tasweeq is expected to award its monthly tender later in the day to sell deodorised field condensate (DFC) and low-sulphur condensate (LSC).Spot premiums may jump to as high as $1, up from an average premium of about 15 cents a barrel to Dubai ...

Oil falls again as IMF cuts forecast; Iran hints at $25 oil NEW YORK: Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.An expected slide in the U.S. oil rig count in the first quarter compared with the fourth quarter of last year failed to boost sentiment as traders and investors remain glued on concerns of ...

Oil under pressure as IMF cuts global growth forecast LONDON: Oil diverged Tuesday, remaining under pressure as the International Monetary Fund slashed its world economic growth forecast and stoked demand fears.In London deals, Brent North Sea crude for delivery in March added two cents to $48.86 a barrel. US benchmark West Texas Intermediate for February dipped $1.28 to trade at $47.85 per barrel."Crude oil prices remain under heavy pressure with WTI front month futures retreating ... following news that the IMF cut its global ...

Middle East Crude-DME Oman discount narrows sharply ahead of CPC tender SINGAPORE: DME Oman received a boost in the Middle East crude market on Tuesday as its discount to Dubai swap narrowed as much as 60 cents from the previous day ahead of a purchase tender.Taiwanese refiner CPC Corp will close on Tuesday a monthly tender to buy sour crude for March loading. Grades that could be offered included Banoco Arab Medium, Masila, Oman, Ratawi, Qatar Marine, Murban, Das, Upper Zakum and al-Shaheen.The refiner may buy ...

UK gas prompt prices dip as supplies exceed rising demand LONDON: Prompt natural gas prices in Britain eased on Tuesday, as strong imports and high withdrawals saw supply exceed demand, even with a cold snap causing a surge in fuel needs for heating.National Grid data showed the system was around 14 million cubic metres (mcm) oversupplied, with supply flows at around 380 mcm and demand forecast at around 366 mcm.This was up from seasonal demand norms of around 297 mcm.Gas prices for within-day delivery were ...

Asia-Pacific Crude-Stronger; Brent-Dubai gap narrows SINGAPORE: The Asia-Pacific crude market strengthened on Tuesday, as robust middle distillate margins boosted demand in the region.PV Oil sold 500,000 barrels of Su Tu Den due to load in March to Vitol at $1.2-$1.5 a barrel above dated Brent, traders said. Last month, the medium sweet grade fetched a premium of around $1 a barrel, according to Reuters data.Complex refining margins in Singapore averaged $6.74 a barrel in the last 15 days, up from ...


 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln