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Ecopetrol tenders to buy a gasoline cargo for Sept-Oct HOUSTON: Colombia's state-run Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 to be received from September 30 to October 4 at Pozos Colorados, according to a document seen by Reuters on Tuesday.The oil company has been increasing imports of finished fuels since its 80,000 barrel per day (bpd) Cartagena refinery in March started a major expansion program that will last until the second quarter of 2015. For this offer, the company will receive bids until September 5 and they must refer to unleaded gasoline 87 prices from the US Gulf Coast.The company last month bought on the open market up to 28 cargoes of ultra low-sulfur diesel (ULSD) to be received from September to March and two gasoline cargoes for this month.Copyright Reuters, 2014 ...

Asia Pacific crude steady, refining margins support SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with most October-loading cargoes sold out.Traders said they expect a slight rebound in differentials this month on improved refining margins and seasonal demand, with an overhang of cargoes in Asia slowly easing.Complex refining margins in the Singapore hub have improved to an average of $4.85 a barrel in the last week, up from $3.66 a barrel in August.Still, some suggested September-loading cargoes could be stored, which ...
Oil prices down after weak China, Europe data SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 21 cents to $95.75 while Brent crude for October was down three cents to $102.76 in afternoon trade. "Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite," French bank Credit Agricole said ...
Brent crude steady below $103; Libya unrest offsets demand concerns SINGAPORE: Brent crude held steady below $103 a barrel on Tuesday, with new unrest in OPEC oil producer Libya balanced by concerns of slowing oil demand growth due to weak economic recoveries in China and Europe. Euro zone manufacturing growth slowed slightly more than initially thought in August, while growth in China's factory sector slipped to a three-month low last month, adding to concerns about oil demand. Brent prices have trended higher since the latter ...
Brent oil to seek support at $102.43 SINGAPORE: Brent oil may seek support at $102.43 per barrel, a break below which will lead to a further loss to $101.91.A previous target range of $103.96-$104.64 has been temporarily aborted, and will only be resumed when oil breaks resistance at $103.28, the 38.2 percent Fibonacci retracement on the fall from the Aug. 8 high of $106.85 to the Aug. 19 low of $101.07.The retracement analysis also reveals two supports, at $102.43 and $101.91, respectively ...
Oil prices mixed after weak China, Europe data SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 15 cents to $95.81 while Brent crude for October rose one cent to $102.80 in mid-morning trade. "Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite," French bank Credit Agricole said ...
Middle East crude Saudi likely to cut OSPs on weak demand SINGAPORE: The Middle East crude market held steady on Monday ahead of the release of monthly prices from Gulf producers later this week, which will provide price direction for November-loading cargoes trading this month.Top oil exporter Saudi Arabia is expected to cut October prices for all grades sold to Asia, reflecting weak demand and a stronger Oman price marker.Flagship Arab Light may also see the biggest cut in its official selling price (OSP) since February, ...

 



 
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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 28, 2014
Reserves $13.582 bln