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Indonesia expects output from Exxon Mobil's Cepu block to peak in July/Aug 2015 JAKARTA: Indonesia expects crude output from Exxon Mobil Corp's Cepu oil block to peak in July or August next year, an official from the country's oil and gas regulator said on Monday. The Banyu Urip field, part of the Cepu block near Surabaya in East Java, is expected to produce on average 119,000 barrels per day (bpd) next year. "It will reach a peak in the third quarter, or beginning in July or August, at 165,000 bpd," said Johanes Widjonarko, head of the regulator, SKKMigas. Exxon is developing the Banyu Urip field along with state energy firm Pertamina. With contribution from Cepu, Indonesia is targeting total crude output of 845,000 bpd in 2015. Copyright Reuters, 2014

China stocks slightly lower in morning trade SHANGHAI: Chinese stocks were slightly lower in morning trade on Monday, after data released over the weekend sparked worries over the health of the world's second biggest economy.The benchmark Shanghai Composite Index slipped 0.26 percent, or 6.16 points, to 2,325.79.The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.05 percent, or 0.66 points, to 1,294.13.China's industrial production growth slowed sharply in August to its lowest level for more than five years ...

Oil prices fall after weak Chinese data SINGAPORE: Oil prices fell in Asia Monday after a sharp slowdown in Chinese industrial production raised concerns about slackening demand in the world's top energy consumer, analysts said. US benchmark West Texas Intermediate for October delivery eased $1.06 to $91.21, while Brent crude for October fell 63 cents to $96.48 in mid-morning trade."Oil has come off a fair bit as investors are taking in the weak Chinese industrial production data released over the weekend," Michael ...

Kuwait KNPC names NBK finance advisor for $12bn refinery upgrade DUBAI: Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said on Sunday. Part of the country's 30 billion dinar ($104.7 billion) economic development plan, the Clean Fuels Project will upgrade and expand two of the Gulf Arab state's largest existing refineries with a focus on producing higher-value products such as diesel and kerosene for export.NBK ...

Eskom to raise more debt, get state equity injection JOHANNESBURG: South Africa's government has approved a support package for state-run power utility Eskom, which will include the company raising additional debt and receiving an equity injection from the state.Eskom has huge financial problems because its costs are running ahead of its revenues. "Eskom is facing significant challenges that threaten its sustainability," the Treasury said in a statement on Sunday."Eskom will be raising additional debt in the region of 50 billion rand ($4.5 billion), over ...

China Aug crude oil throughput climbs 4.4pc on year SHANGHAI: China's refinery throughput rose 4.4 percent in August from a year earlier to 41.39 million tonnes, or 9.75 million barrels per day (bpd), data from the National Bureau of Statistics showed on Saturday.The daily run rate is up 0.8 percent compared with the 9.67 million bpd recorded in July.Copyright Reuters, 2014

China Aug power output falls 2.2pc on year SHANGHAI: China's power generation fell 2.2 percent in August from a year earlier, data from the country's National Bureau of Statistics showed on Saturday.Power output in the world's top consumer was 495.9 billion kilowatt hours (kWh) in August, down 1.8 percent from 504.8 kWh from the preceeding month, data showed.Copyright Reuters, 2014


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln