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Japan's Feb crude oil imports from Iran rise 21.7pc y/y TOKYO: Japan's crude oil imports from Iran in February rose 21.7 percent from a year earlier to 1.16 million kilolitres, or 260,820 barrels per day, Ministry of Economy, Trade and Industry (METI) data showed on Monday.An interim deal between Iran and six major powers last November eased some sanctions against the Islamic nation, including allowing it to maintain exports at an average of 1 million barrels per day (bpd) in return for curbs on its uranium enrichment programme. Copyright Reuters, 2014


Crude prices ease in Asia on profit taking SINGAPORE: Oil prices eased in Asian trade Monday as traders booked profits after strong gains last week on positive US economic data and the tensions in Ukraine.New York's West Texas Intermediate (WTI) for May delivery eased 24 cents to $101.43 a barrel in late-morning trade and Brent North Sea crude for May dipped 22 cents to $107.85.Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP: "We are seeing some easing because of ...

Southern Iraq oil exports 2.48mn bpd in March, new field to open BASRA: Oil exports from southern Iraq have averaged 2.48 million barrels per day (bpd) so far in March, a senior official said on Saturday, as Russia's Lukoil prepared to begin production from the country's second-largest field.Production in the south has averaged 2.5 million bpd so far this month, and should rise to 2.65 million following the inauguration of the giant West Qurna-2 oilfield, Dhiya Jaafar, the head of Iraq's South Oil Company, also said.Lukoil is ...

Southern Iraq oil exports 2.48mn bpd in March, new field to open BASRA: Oil exports from southern Iraq have averaged 2.48 million barrels per day (bpd) so far in March, a senior official said on Saturday, as Russia's Lukoil prepared to begin production from the country's second-largest field. Production in the south has averaged 2.5 million bpd so far this month, and should rise to 2.65 million following the inauguration of the giant West Qurna-2 oilfield, Dhiya Jaafar, the head of Iraq's South Oil Company, also said.Lukoil ...

Oil prices higher on US optimism LONDON: Global oil prices rose on Friday as traders took their cue from upbeat US economic indicators and concerns over supply disruptions in Nigeria.New York's main contract, West Texas Intermediate (WTI) for delivery in May, gained 51 cents to $101.79 a barrel.Brent North Sea crude for May grew 21 cents to stand at $108.04 a barrel in London midday deals compared with Thursday's close.The market was supported by robust consumer spending in the United States, ...

Venezuela sees 2.3m bbl for open market in April HOUSTON: Venezuela's state-run PDVSA is offering at least 2.3 million barrels of crude, ultra low-sulfur diesel (ULSD) and jet fuel on the open market for delivery in April from its 187,000 bpd Puerto la Cruz refinery and other terminals located in eastern Venezuela, an internal document seen by Reuters says. The company has ramped up tenders in recent weeks amid a bigger need for cash and decreasing domestic fuel demand because of ongoing protests against ...

Brent oil rises over $108 on promising US data, supply concerns LONDON: Brent crude oil rose above $108 a barrel on Friday, heading for the first weekly gain in five, on promising US data and concern that possible Western sanctions on Russia's energy sector could disrupt global supplies. The US economy grew slightly faster than estimated in the fourth quarter and new claims for jobless aid fell to a near four-month low last week, suggesting a brighter outlook for demand in the world's biggest oil consumer. ...


 



 
Index Closing Chg%
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Arrow S&P 1,862.31 1.05
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln