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Oil prices rise ahead of key OPEC meeting SINGAPORE: Oil prices rose in Asia Monday before a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.US benchmark West Texas Intermediate for January delivery was up 31 cents to $76.82 a barrel in afternoon trade, and Brent crude for January added 37 cents to $80.73.The Organization of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent years on Thursday, with members under pressure to address falling prices which have sunk 30 percent since June."All eyes will be on the OPEC meeting in Vienna and how members are going to react to the falling prices," said Daniel Ang, investment analyst with Phillip Futures in Singapore, adding the market is divided on what action the cartel will take."Although oil bulls take the stand that OPEC would likely be cutting production to help support prices, ...

Oil prices mixed ahead of key OPEC meeting SINGAPORE: Oil prices were mixed in Asia Monday ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.US benchmark West Texas Intermediate for January delivery was down six cents at $76.45 a barrel late-morning trade, and Brent crude for January added two cents to $80.38.The Organization of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent ...
Oil prices rise on fresh hopes of OPEC output trim SINGAPORE: Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support, analysts said.US benchmark West Texas Intermediate for January delivery climbed 43 cents to $76.28 on the contract's first day of trading. Brent crude for January gained 31 cents to $79.64 in afternoon trade.Prices recovered slightly after three days of losses owing to "changing expectations" on the ...
Oil prices rise on fresh hopes of OPEC output trim SINGAPORE: Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support, analysts said. US benchmark West Texas Intermediate for January delivery climbed 48 cents to $76.33 on the contract's first day of trading. Brent crude for January gained 32 cents to $79.65 in mid-morning trade. Prices recovered slightly after three days of losses owing to "changing expectations" ...
Middle East Crude-Qatari condensate discounts widen SINGAPORE: January spot discounts for Qatari condensate hit multi-month lows in Asia on Thursday as demand from splitters declined on weak petrochemical margins.Operators of condensate splitters turned to buying cheaper naphtha, while the sharp fall in differentials for deodorised field condensate (DFC) and low sulphur condensate (LSC) likely attracted buying interest from refiners, traders said.Limited demand caused a supply build-up in December with 4-5 cargoes still available for last week, said a trader, adding that ...
Asia-Pacific Crude-Ruby stronger; Brent-Dubai gap at 3-1/2 month high SINGAPORE: January spot premiums for Vietnam's Ruby crude edged higher on stronger demand as a slump in the Asia-Pacific crude market appeared to have bottomed, traders said on Thursday.PV Oil, the marketing arm of PetroVietnam, sold two 300,000-barrel cargoes of Ruby loading Jan. 8-14 and Jan. 22-28 to Vitol and SK Energy at 50-70 cents a barrel above dated Brent. The deals could not be independently verified.The medium sweet grade was last month sold at ...
Iran to talk hold market share talks with Saudi at OPEC DUBAI: Iran's oil minister said on Thursday he will hold talks with top oil exporter Saudi Arabia about market share when OPEC members meet next week in Vienna as Tehran aims to boost its oil exports after the lifting of sanctions imposed over its nuclear programme."The countries in the south of the Persian Gulf are interested in keeping their market share and a decrease in market share will be difficult," Iran Oil Minister Bijan Zanganeh ...

 



 
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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