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Middle East crude Saudi Arabia, Abu Dhabi cut OSPs SINGAPORE: The Middle East crude market gained some support after Saudi Arabia and Abu Dhabi cut monthly prices slightly more than expected, although excess supply in other regions weighed on Asia."There's oversupply in West Africa and the North Sea," a trader said. "The narrow EFS should affect demand for Middle East crude too."Saudi Aramco has cut the September price for its Arab Light grade for Asian customers by 40 cents a barrel from August to a premium of $1.65 a barrel to the Oman/Dubai average, versus expectations of a 20-30 cents cut in a Reuters survey.Weak naphtha and gasoline cracks weighed on prices for lighter grades, traders said.Abu Dhabi National Oil Company (ADNOC) set the July retroactive selling price for its benchmark Murban crude at $109.50 per barrel, ADNOC said on Tuesday.July Murban OSP's differential to Dubai fell by 27 cents a barrel from the previous month, a slightly bigger ...


Oil rebounds towards $105 from 9-month closing low LONDON: Brent crude oil rose towards $105 a barrel on Wednesday, bouncing from its lowest close in nine months after industry data showed a large drop in US crude stocks last week.Investors have become increasingly nervous about weak seasonal demand and poor refinery margins in a global market that is well supplied with high quality, light crude oil. "The weakness comes from speculative length, good supplies of crude and a period of weak demand in ...

Oil prices up ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to $97.48 while Brent crude gained 25 cents to $104.86 in afternoon trade.WTI prices closed lower in New York for the sixth time in seven days Tuesday as traders looked ahead to Wednesday's weekly US energy inventory report.Singapore's United ...

Tokyo stocks close down 1.05pc TOKYO: Tokyo stocks fell 1.05 percent Wednesday after a sharp sell-off on Wall Street, with SoftBank shares dropping on a report that its US unit Sprint was abandoning plans to buy T-Mobile.The Nikkei 225 index, which has declined for the past four sessions, gave up another 160.52 points to close at 15,159.79, while the Topix index of all first-section shares lost 0.97 percent, or 12.24 points, to 1,251.29.Copyright AFP (Agence France-Presse), 2014

UAE's Dana Gas Q2 net profit jumps 70pc on higher production DUBAI: Dana Gas, the United Arab Emirates energy firm, said on Wednesday that its second-quarter net profit jumped 70 percent as production across the group rose. Dana made a net profit of 169 million dirhams ($46.0 million), the company said in a bourse filing.This compares with 100 million dirhams in the year-earlier period. Revenues for the second quarter were 685 million dirhams, up from 528 million dirhams.Dana said its average overall production volume was up ...

Brent rebounds to $105; US oil stocks eyed SINGAPORE: Brent crude rose to around $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous session after industry data showed a large drop in US crude stocks last week. The rebound came after oil prices tumbled on Tuesday as investors grew increasingly nervous about weak seasonal demand and poor refinery margins in a well-supplied global market. "The main concerns are about the high levels of supply and soft demand," said ...

Oil prices up ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose 27 cents to $97.65 while Brent crude gained 31 cents to $104.92 in mid-morning trade.WTI prices closed lower in New York for the sixth time in seven days Tuesday as traders looked ahead to Wednesday's weekly US energy inventory report.Singapore's United ...


 



 
Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln