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Canada crude: Heavy crude grades hit 14-month high CALGARY: Canadian heavy crude prices touched a 14-month high on Monday, driven by improving market access, maintenance on oil sands projects cutting into supply and linefill on Enbridge Inc's new Flanagan South pipeline. Even so, some traders in Alberta's oil capital of Calgary were surprised by the extent of the gains in Western Canada Select (WCS), the de facto heavy crude benchmark. WCS for October delivery last traded at $13.90 per barrel below the West Texas Intermediate (WTI) benchmark, according to Shorcan Energy brokers. That was the narrowest differential since July 2013, and compares with Friday's settlement of $14.05 per barrel below the benchmark. "It's amazing, not that I'm complaining," said one Calgary-based crude trader at a Canadian oil producer."It's a combination of a few things such as incremental rail capacity and a few production hiccups going on. Once you get momentum going in one direction, it can feed on ...

US crude export prospects expand niche for oilfield stabilizers HOUSTON: Orders have surged for a type of oilfield equipment primarily used for to make a light variety of crude safe for pipelines, after a federal ruling signaled that the specialized units also offered a workaround for companies eager to export oil from the US shale boom. The units, known as stabilizers, process that type of crude, known as condensate, just enough to qualify it for export as a refined product, allowing oil producers to ...
Petrobras seeks director's testimony on alleged bribery SAO PAULO: Brazil's state-run oil company Petrobras has asked a federal judge for access to testimony from a jailed former director who, according to media reports, named dozens of politicians in an alleged kickback scheme. Petrobras said in a statement on Monday that as part of an internal investigation, it had also sent letters to companies cited in Brazilian media reports since Friday, seeking further information about allegations of their involvement.Copyright Reuters, 2014 ...
Oil drops on weak economic data from China, Japan NEW YORK: Oil prices dropped Monday with the European benchmark contract slipping below $100 a barrel on concerns about fragile demand, heavy supply and a strengthening US dollar.US benchmark West Texas Intermediate for October delivery fell 63 cents to $92.66 a barrel on the New York Mercantile Exchange, its lowest level since January.European benchmark Brent oil for October delivery declined 62 cents to $100.20 a barrel, after earlier falling below $100 a barrel for the ...
Brent, US oil fall again on weak data NEW YORK: Brent crude fell $1 to below $100 a barrel on Monday for the first time in more than a year as Chinese and U.S. data pointed to slower-than-expected growth in the world's top oil consumers, while U.S. crude also fell.Weak economic growth combined with ample supply has pushed oil prices down from a high for the year above $115 hit in June, complicating efforts by central banks to ward off deflation and putting ...
US gasoline prices continue to fall: Lundberg survey NEW YORK: The average price of a gallon of gasoline in the United States fell by 2 cents in the past two weeks as crude oil prices continued a broad decline, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.46 per gallon for regular grade gasoline, according to the survey conducted Sept. 5. That extends a decline in prices to 11 weeks, survey publisher Trilby Lundberg said. "Over the ...
Petrobras Pasadena TX refinery shuts gasoline unit: filing HOUSTON: Petrobras SA's 100,000 barrel per day (bpd) Pasadena, Texas, refinery shut its gasoline-producing fluidic catalytic cracking unit on Sunday due to a compressor malfunction, according to a notice the refinery filed with Texas pollution regulators. A governor in a compressor control system on the 56,000 bpd FCCU malfunctioned, requiring operators to remove feed from the unit and shut it down, according to the notice filed with the Texas Commission on Environmental Quality.An estimated 14,000 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln