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Japan LNG spot prices show first m/m increase in 6 months TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers rose in September for the first time in six months, the country's trade ministry said on Thursday, as prices in the region increased ahead of expectations of higher demand as winter approaches. It was the first time that prices have risen since the government started releasing the data in April to add transparency to the market after the shutdown of all nuclear plants following the Fukushima crisis sent fuel prices spiralling. Spot LNG contracted in September for delivery to Japan averaged $13.20 per million British thermal unit (mmBtu), a rise of $1.80 from a month earlier, the Ministry of Economy, Trade and Industry (METI) said. Asia spot LNG prices have risen nearly 40 percent from a three-year low in July to $14.60 per mmBtu last week as buyers in the region stock up their tanks to get ready for the ...

Oil rebounds in Asia but prices expected to remain soft SINGAPORE: Oil prices bounced from multi-month lows in Asia on Thursday, lifted by an equities rally and a weaker dollar as minutes from the US Federal Reserve's latest policy meeting indicate it may keep interest rates at record lows longer then expected.US benchmark West Texas Intermediate (WTI) for November delivery was up 18 cents at $87.49 a barrel after hitting an 18-month low in New York on Wednesday.Brent crude for November advanced eight cents to ...

Middle East crude Dubai flips into premium on Chinaoil buys SINGAPORE: The Middle East crude market held firm on Wednesday as robust demand from Chinaoil flipped cash Dubai into a slight premium for the first time in two months, even as Brent crude futures hit a new more than two year low.A stronger Dubai has also depressed gasoil margins in Asia to the lowest in more than two months.Dubai crude trade heated up on the Platts window as Chinaoil stepped up purchases, snapping up 90 ...

Asia Pacific crude weak; Indonesia, Thailand seek Dec oil SINGAPORE: Asia-Pacific crude stayed weak on Wednesday as supply overhang and an open arbitrage window weighed on the market.Petral, the trading arm of Pertamina, re-issued a tender seeking sweet crude for December delivery, a trader said. In the tender which closes on Friday with validity until Monday, Petral was likely to purchase Nigerian Qua Iboe, he said. The company may have bought a Kikeh cargo in an earlier tender.Thailand's PTT also issued its monthly tender ...

Oil hits new low below $91 on weak demand forecasts LONDON: Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and major emerging markets, such as Brazil. Global stock markets fell heavily ...

Prices dip on balanced system and rising temperatures LONDON: Wholesale natural gas prices in Britain dipped slightly on Wednesday morning in a balanced system with rising temperatures expected to reduce demand. Gas prices for delivery on Thursday were trading at 47.7 pence per therm at 0705 GMT, down 0.1 pence since the previous close. The slight fall was a result of a balanced system and full storage sites as well as forecasts for warmer weather on Thursday. National Grid data show that Britain's ...

Asia Fuel Oil: Fuel oil margin slips on more Indian supply SINGAPORE: The Asian fuel oil margin slipped on Friday as more spot supply appeared out of India, trade sources said.The November fuel oil crack fell 60 cents to minus $8.23 a tonne to Dubai quotes, Reuters data showed.Hindustan Petroleum Corp Ltd (HPCL) offered a 180-cst cargo for late October loading, which follows earlier spot offer from Indian Oil Corp for a 380-cst cargo loading in late October, traders said.Indian Oil Corp last sold a 180-cst ...


Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln