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Oil prices up on Ukraine tensions, rosy US data SINGAPORE: Oil prices rose in Asia Friday supported by renewed Russia-Ukraine tensions and upbeat US economic data, analysts said.US benchmark West Texas Intermediate for October delivery was up 11 cents at $94.66 while Brent crude for October advanced 24 cents to $102.70 in mid-morning trade. Ukraine and the West said Thursday that Russian troops are actively involved supporting pro-Kremlin separatists who have been fighting against Kiev's rule since April. NATO said at least 1,000 Russian troops were on the ground in east Ukraine but Moscow insisted none of its soldiers were in the country.The United States warned it was considering new sanctions against Russia over the latest development.Desmond Chua, market analyst at CMC Markets in Singapore, said fresh sanctions "may then trigger further retaliatory measures that would weigh on the euro bloc". The intensified standoff between the neighbours, seen as the worst East-West crisis since the end of the Cold ...

Middle East crude Oman weakens despite uptick in refining margins  SINGAPORE: The Middle East crude market weakened on Thursday as abundant supply and weak demand continued to weigh on the market despite a slight improvement in refining margins.Shell sold two Dubai partials to Vitol in the Platts window at $100.60 a barrel.Refining margins have improved slightly over the past 10 days, mainly due to improving middle distillate cracks.Murban was discussed at 80-90 cents a barrel below the official selling price (OSP), while Das Blend was ...
Asia Pacific crude brent/Dubai gap narrows; ESPO steady SINGAPORE: The Asia-Pacific crude market held steady on Thursday, although differentials could find support from Brent's narrowing premium to Dubai and lower inflows of West African grades.Differentials for Russia's ESPO crude held steady after Surgut sold three 730,000-barrel cargoes at $1.50-$1.80 a barrel above Dubai quotes.Premiums for the sour grade have ranged between $1.20 and $1.80 a barrel over the last couple of weeks, according to Reuters data.Differentials failed to improve despite lower supply expected ...
CNOOC H1 net profit falls 2.3pc, beats estimates HONG KONG: State-run Chinese offshore oil and gas producer CNOOC Ltd reported a 2.3 percent drop in its first-half net profit due to a surge in production costs, but the fall was less than analysts had forecast.CNOOC posted a consolidated net profit of 33.59 billion yuan ($5.47 billion) for the January-June period, lower than the 34.38 billion yuan profit for the same year ago period. That compared with an average forecast of 29.62 billion yuan ...
Japan's JX plans Sept crude refining down 5pc y/y TOKYO: Japan's top oil refiner JX Nippon Oil & Energy Corp said on Thursday it would refine 1.01 million barrels per day (4.82 million kilolitres) of crude oil in September for domestic consumption, down 5 percent from a year earlier. Its August crude refining for domestic consumption was estimated at 5.09 million bpd (1.03 million kl), down 13 percent from the year-earlier period, slightly lower than the original plan of 1.05 million barrels per day ...
Oil prices down in Asia SINGAPORE: Oil prices moved lower in Asia Thursday as dealers look ahead to fresh US economic data for clues about demand in the world's top crude consumer following a neutral weekly stockpiles report. US benchmark West Texas Intermediate (WTI) for October delivery eased 31 cents to $93.57 while Brent crude slipped 13 cents to $102.59 in afternoon trade. Singapore's United Overseas Bank said "oil prices were little changed" as investors weighed a 2.1 million barrel ...
Brent hovers below $103 as ample supply weighs SINGAPORE: Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample supply weighed on prices. Global oil supply is expected to exceed demand this year, cooling prices. Oil futures on both sides of the Atlantic Basin are on track to post a second monthly decline. October Brent crude has been unable to break through the $102-$103 range this week, just off a 14-month low hit last week. ...

 



 
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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