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Middle East Crude-Iraq loading delays support SINGAPORE: The Middle East crude market strengthened after poor weather delayed loadings at Iraq's southern terminal, traders said on Monday.Tankers have waited to load Iraqi Basra Light for several weeks, creating tightness in the market, traders said. Last month, poor weather also caused delays to shipments from Iraq.Spot premiums for Iraqi Basra Light were likely to have improved in a tender by Indian Oil Corp (IOC) seeking 2 million barrels of the grade loading in May, although the details of the tender were not clear.India's Hindustan Petroleum Corp Ltd (HPCL) last week bought 1 million barrels of Basra Light from Total at about 30 cents a barrel above its official selling price (OSP).The passage of Kuwait oil tankers off the coast of Yemen has not been affected by military operations there, a spokesman for Kuwait Petroleum Corp was quoted as saying by state news agency KUNA on Sunday.Trafigura will receive ...

Asia-Pacific Crude-Refinery demand supports SINGAPORE: The Asia-Pacific crude market continued to draw support from robust refinery demand even as some prepare for peak maintenance season.Complex refining margins in the Singapore hub have averaged more than $9 a barrel this month.Russia's Rosneft sold a cargo of May loading Sokol crude in a tender at about $4.70-$4.90 a barrel above Dubai quotes, a trader said, higher than the previous month. The buyer was not known, and the deal could not be ...
Oil prices drop on weak demand, potential Iran deal SINGAPORE: Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.The two sides are trying to reach an agreement in nuclear negotiations by a Tuesday deadline."Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices," ANZ said.Brent crude futures were down 42 ...
Oil prices fall as Iran, world powers seek nuclear deal SINGAPORE: Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.Iran and world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a preliminary agreement by Tuesday, although diplomats warned the attempt could still fall ...
Oil prices dip as Iran, world powers seek nuclear deal SINGAPORE: Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a prelminary deal by Tuesday, although diplomats warned the attempt could still fall ...
CNOOC 2014 profit rises despite 'blow' from oil price slump HONG KONG: Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started a spate of new projects, despite taking a "serious blow" from falling oil prices.The forecast-beating profit rise came after rivals Sinopec and PetroChina both said their profits dived last year as crude prices more than halved between June and January.China's largest offshore oil and gas producer reported net profit of 60.20 billion yuan ($9.68 billion) ...
Oil prices in Asia slip after recent gains SINGAPORE: Oil prices fell in Asia Friday, cutting short a rally as investors weighed the potential for disruptions in Middle East supplies caused by the Yemen crisis and a global crude glut, analysts said.US benchmark West Texas Intermediate for May delivery fell 83 cents to $50.60 and Brent crude for May eased 75 cents to $58.44 in late-morning trade.Prices rose sharply over the past two days after a Saudi Arabia-led coalition bombed Huthi Shiite rebels ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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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