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Oil extends losses in Asia after OPEC maintains output SINGAPORE: Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of further falls to come.US benchmark West Texas Intermediate (WTI) for January delivery was at $68.08 a barrel in afternoon trade, down 97 cents from its settle price in electronic trading in New York on Thursday. US floor trading was closed due to the Thanksgiving holiday.Brent crude for January fell 1.31 cents to $71.27.The Organization of the Petroleum Exporting Countries, which pumps out one-third of the world's oil, opted to stick by its output target, even after prices have plunged by 35 percent since June.The 12-nation cartel "decided to maintain the production level of 30 million barrels per day" where it has stood for three years, it said in a communique after a meeting Thursday at its headquarters in ...

Oil struggles in Asia after OPEC maintains output SINGAPORE: Oil prices struggled in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of further falls by the end of the year.US benchmark West Texas Intermediate (WTI) for January delivery was at $69.04 a barrel in late-morning trade, down one cent from its settle price in electronic trading in New York on Thursday. US floor trading was ...
Middle East Crude-DME Oman eases, January trade winds down  SINGAPORE: DME Oman's premium to Dubai eased in the Middle East crude market on Thursday as trade for January barrels wound down.Most of the January cargoes have been sold at better differentials than in the previous month as official selling prices for certain grades were lower, while refining margins have improved.A widening of Brent's premium to Dubai also helped improved demand for grades priced on the Middle East quote. January Brent's premium to Dubai at ...
Brent falls to 4-year low as OPEC production cut looks unlikely SINGAPORE: Brent crude fell to a four-year low under $76.30 a barrel on Thursday as it became increasingly unlikely that OPEC would cut output to support prices during a meeting in Austria. Gulf producers in the Organization of the Petroleum Exporting Countries (OPEC) - Saudi Arabia, Kuwait, Qatar and the United Arab Emirates - said on Wednesday they would not propose an output cut during the meeting on Thursday, reducing the likelihood of any joint ...
Oil extends losses ahead of key OPEC meeting SINGAPORE: Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present levels despite pressure over falling prices at a key meeting later in the day, analysts said.US benchmark West Texas Intermediate (WTI) for January delivery fell 89 cents to $72.80 while Brent crude for January was down $1.19 to $76.56 in afternoon trade.WTI fell 40 cents in New York late Wednesday to its lowest closing point since September ...
Brent oil to fall to $76.02 SINGAPORE: Brent oil may break support at $77.34 per barrel and fall more to the next support at $76.02, driven by a wave c.This is the third of a three-wave cycle that developed from the Oct. 29 high of $87.94. It is capable of travelling to $70.43, its 100 percent Fibonacci projection level.The projection analysis reveals an immediate support at $77.34, the 38.2 percent level, which looks vulnerable in view of the fierce character of ...
Vietnam's Nov crude oil output rises 11.2pc y/y HANOI: Vietnam's crude oil production in November is estimated at 1.43 million tonnes, or 349,000 barrels per day, up 11.2 percent from a year earlier, the government said on Thursday.The output this month brought Vietnam's production in the first 11 months of 2014 to 14.1 million tonnes, up 1.7 percent from the same period last year, the General Statistics Office said in its monthly report.The actual output in October was revised higher to 1.37 million ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln