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Middle East Crude-Das premium up on Shell's bid SINGAPORE: DME Oman's discount to Dubai widened in the Middle East crude market on Wednesday as trade for May-loading cargoes slowed, while traders eyed the results of a tender issued by a Taiwanese buyer for price direction.CPC Corp closed on Wednesday its monthly tender to buy sour grades for May arrival. The Taiwanese refiner became a big buyer of spot grades this year after it reduced term liftings ahead of an impending closure of one of its refineries.Spot premium for Das strengthened following a bid from Shell on the window at 55 cents a barrel to its OSP. The grade was last traded at a premium of 40 cents.Traders are also waiting for more Russian ESPO sell tenders. Last week, Surgutneftegaz sold two cargoes via tender at the lowest premiums since February, traders said, likely due to the prompt timing of the cargoes.Statoil bought a cargo for April 30-May 5 ...


Brent oil falls below $53 as industry data shows US stocks at record high LONDON: Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high.U.S. crude inventories rose by 10.5 million barrels to 450 million barrels in the week to March 13, American Petroleum Institute (API) figures showed on Tuesday.Analysts had expected a 3.8-million-barrel increase.Brent for May delivery was down 62 cents at $52.89 per barrel by 1058 GMT after ending the previous ...

Libyan oil export revenue still going to NOC in Tripoli: official BENGHAZI: All Libyan oil export revenue is still being paid under contracts with National Oil Corp (NOC) in Tripoli, a top oil official in the internationally recognised government said on Wednesday.The government on Tuesday asked all customers to deal with a new state oil firm in the east rather than Tripoli where a rival government is in control.Clarifying the statement, Al-Mabrook Bou Seif, head of NOC in the east belonging to the recognised government, said ...

Abu Dhabi's Mubadala Petroleum to explore big Morocco offshore area DUBAI: Abu Dhabi's Mubadala Petroleum said on Wednesday that it had agreed with the Moroccan government to evaluate the hydrocarbon potential of a large area off Morocco's Mediterranean coast.The company, a subsidiary of Abu Dhabi state-owned fund Mubadala Development Co, obtained an exclusive licence to carry out a detailed geological survey of the Mediterranee Ouest area, which comprises 3,433 square kilometres (1,325 square miles).Mubadala Petroleum will provide the Moroccan government with the results of the ...

Indonesia awards oil blocks to Shell, Petronas, Pertamina JAKARTA: Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas were among the companies awarded Indonesian oil and gas blocks in its latest offering of exploration concessions, government officials said on Wednesday.In the tender round, Indonesia offered 13 conventional and three unconventional oil and gas blocks. It was not yet clear which blocks were awarded to the three major oil firms.Copyright Reuters, 2015

Oil prices extend losses in Asia SINGAPORE: Oil prices extended their losses in Asia Wednesday to new six-year lows on expectations US crude stockpiles will rise further, in a market already awash with supplies, analysts said.US benchmark West Texas Intermediate for April delivery eased 83 cents to $42.63 in afternoon trade, the lowest level since March 2009.Brent crude for May fell 14 cents to $53.37 a barrel."We expect the US stockpiles to increase further and this will exacerbate the market's supply ...

Oil prices extend losses in Asia SINGAPORE: Oil prices extended their losses in Asia on Wednesday to stay at six-year lows on expectations US crude stockpiles will rise further, in a market already awash with supplies, analysts said.US benchmark West Texas Intermediate for April delivery eased 80 cents to $42.66 in mid-morning trade, the lowest level since March 2009.Brent crude for May fell 20 cents to $53.31 a barrel."We expect the US stockpiles to increase further and this will exacerbate the ...


 



 
Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln