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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Friday on a stronger dollar as traders grow concerned about Greece's troubled debt negotiations, while the International Energy Agency's prediction of an end to the recent surge in demand added downward pressure.US benchmark West Texas Intermediate for July delivery fell 22 cents to $60.55 while Brent crude for July eased 16 cents to $64.95 in late-morning trade. Oil prices turned "bearish after the dollar's rally against the euro on Greek debt worries weighed on demand for commodities", Singapore's United Overseas Bank said in a market commentary.The euro fell to $1.1255 in Asia from $1.1260 in New York Thursday and $1.1323 on Wednesday with markets on edge about troubled Greek negotiations with its creditors. The stronger greenback makes crude more expensive for buyers using weaker currencies. Also, the Paris-based IEA said there were "doubts" that some reasons for a recent pickup in demand -- such ...


Global LNG: Price slide resumes on weak demand MILAN: Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply. The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week. There was supply availability from Russia's Sakhalin export plant, which launched a tender to sell four cargoes spread across July, August and September last week. Sakhalin was also expected to shut down ...

Oil prices drop as IEA predicts demand slowdown LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude demand was set to end.US benchmark West Texas Intermediate for delivery in July fell 93 cents to $60.50 a barrel compared with Wednesday's closing level.Brent North Sea crude for July slid 91 cents to stand at $64.79 late afternoon in London. World oil demand growth soared to a four-year high in the first three months of 2015, ...

Oil prices drop as IEA predicts demand slowdown LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude demand was set to end.US benchmark West Texas Intermediate for delivery in July fell 58 cents to $60.85 a barrel compared with Wednesday's closing level.Brent North Sea crude for July slid 46 cents to stand at $65.24 around midday in London. World oil demand growth soared to a four-year high in the first three months of 2015, ...

Mexico finds large shallow water oil fields MEXICO CITY: Mexican state energy giant Pemex announced Wednesday its biggest exploration success in five years, the discovery of new shallow water oil fields that could yield 200,000 barrels per day.The fields were found in four locations in the Gulf of Mexico and production could begin in around 16 months, helping Pemex reverse declining output, said company director Emilio Lozoya.Altogether, the locations off the coast of Tabasco and Campeche states are estimated to contain 350 ...

Oil prices down in Asian trade SINGAPORE: Oil prices moved lower in Asia Thursday following a mixed US energy report that showed a huge decline in crude and gasoline reserves but record-high output levels, analysts said. US benchmark West Texas Intermediate fell 27 cents to $61.16 while Brent eased 19 cents to $65.51 in late-morning trade. The US Department of Energy's (DoE) inventory report for the week to June 5 showed Wednesday that crude reserves fell 6.8 million barrels and gasoline ...

Gas Malaysia to raise gas price by 10.3pc from July 1 KUALA LUMPUR: Gas Malaysia Bhd , Malaysia's sole supplier of natural gas except to the power sector, said on Tuesday evening gas prices supplied to commercial and industrial sectors would rise by an average of 10.3 percent from July 1.The tariff adjustment comes seven months after the last revision in October as part of a previous government plan to cut subsidies and reduce its budget deficit.The gas tariff in Peninsular Malaysia will increase to 21.80 ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln