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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 could weigh on the market later this year, although details could not be confirmed.Rosneft sold two ESPO cargoes loading Oct 18-21 and Oct 27-30 in a tender to a Japanese buyer and a trading firm, traders said.One cargo may have fetched a premium of $2 a barrel, they said, slightly higher than the $1.50-$1.90-range most October-loading cargoes have traded in. Details of the tender could not be immediately confirmed.Brent-Dubai Exchange of Futures for Swaps (EFS), ...

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, ...
Brent holds above $103; China data weighs SINGAPORE: Brent crude held steady above $103 a barrel on Monday, as a recent rebound in oil prices was checked by fresh data suggesting a slowdown in China's factory activity.Oil prices on both sides of the Atlantic registered a second straight month of losses in August, although prices gained around $1 a barrel towards the end of the month.Growth in China's factory sector slipped to a three-month low in August as foreign and domestic demand ...

 



 
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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