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Mideast oil price Dubai weakens, may spur Asia demand SINGAPORE: Middle East crude oil price benchmark Dubai weakened further on Monday in response to selling pressure, trade sources said, pushing the premium of Brent over Dubai to its highest in 16 months.The weak benchmark has buoyed Asia refiners' margins and is likely to drive demand for Middle Eastern and Russian crude priced on Dubai. But Dubai's widening discount to Brent could potentially curb Atlantic Basin crude arbitrage flow to Asia.Brent-Dubai Exchange of Futures for Swaps (EFS) for January was valued at $2.60 a barrel, up 30 cents from Friday's close and the widest since July last year, Reuters data showed.A wider spread between the two markers makes crude priced on Dubai more attractive to Asian refiners. Atlantic Basin crude, which are priced on Brent, becomes less economical.The spot Dubai price slipped into a wider discount of about $2.55 a barrel against swaps after Reliance, Vitol and Mercuria sold five ...

Political tensions lift oil after Paris attacks, but glut weighs LONDON: Oil prices edged up on Monday because of heightened political and security tensions after Friday's deadly attacks in Paris claimed by Islamic militants, but a global glut of crude supplies capped rises.France carried out large-scale air strikes against Islamic State sites in Syria overnight, giving oil market investors reason to step up buying activity after a week in which crude benchmark prices fell as much as 8 percent."Some risk premium is factored into the ...

Oil prices up on geopolitical tensions sparked by Paris attacks SINGAPORE: Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analysts said a global crude supply glut is likely to restrict any gains.French warplanes pounded the Islamic State group's de facto capital in Syria on Sunday in retaliation for the carnage in the French capital claimed by the jihadists, sparking fears of escalating tensions in the oil-producing but volatile Middle East.At around 0630 GMT, US benchmark ...

Oil prices seen under pressure as Paris attacks spark demand worries LONDON: Prices of oil and other commodities will come under renewed pressure on Monday on fears that Friday night's deadly attacks on Paris will further slow the global economy. Oil is already trading near its six-year lows and healthy demand has been a major factor preventing the prices from sliding any lower amid a worsening global oil glut due to abundant supplies. At least 129 people were killed on Friday evening in a series of ...

Total says expects Yamal LNG to get funding by year-end MOSCOW: Total expects its Yamal LNG project to receive funding by the end of 2015, RIA news agency quoted a vice president of Total as saying on Friday. Total is joint developing the project with Russia's No.2 gas producer Novatek.Copyright Reuters, 2015

Enel sticks to guidance ahead of green merger MILAN: Italy's biggest utility, Enel , posted a 12 percent rise in core earnings for the third quarter on Friday and beat forecasts, as it prepares to merge with renewable energy subsidiary Enel Green Power. Improved business in Latin America, Spain and Eastern Europe in the third quarter offset a decline in Italy and a drop in renewable operations mainly due to lower hydroelectric production, the state-controlled company said. A combination of weak demand, low ...

Oil stages modest rebound on demand outlook LONDON: World oil prices rose on Friday, rebounding slightly from the previous day's sharp losses, after the International Energy Agency forecast sustained demand.At about 1230 GMT, US benchmark West Texas Intermediate for delivery in December was up 38 cents at $42.13 a barrel.Brent North Sea crude for December won 58 cents to stand at $44.64 a barrel in London midday deals compared with Thursday's close.Crude futures had plunged Thursday to two-month lows as the weekly ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln