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Oil tumbles in Asia as Greek vote shakes world markets SINGAPORE: Oil fell in Asia Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt-strapped nation crashing out of the eurozone, analysts said.Greek voters overwhelmingly rejected the bailout terms demanded by international creditors, with official figures from Sunday's referendum showing 61.31 percent voting "No" and 38.69 percent voting "Yes"."The result of the Greek referendum has thrust the world into uncharted territory," Singapore's DBS Bank said in a market commentary.US benchmark West Texas Intermediate for delivery in August plummeted $2.10 to $54.83 a barrel and Brent crude tumbled 75 cents to $59.57 in afternoon Asian trade."With the No result announced in early Asian trade, we are seeing big mark downs as markets open," said Nicholas Teo, market analyst at CMC Markets in Singapore.He said the result of the Greek vote could lead to either a watering down of the bailout demands by ...

Oil prices ease ahead of Greece vote SINGAPORE: Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine its future in the eurozone.West Texas Intermediate for August delivery was down 24 cents at $56.69 while Brent North Sea crude was 15 cents lower at $61.92.Greek voters will be asked to vote either "yes" to a bailout package offered by creditors in exchange for tougher austerity measures, or "no" in support of the leftist government's ...
Oil prices recover as Iran talks, Greek crisis drag on SINGAPORE: Oil prices recovered Thursday after the Iran nuclear talks were extended until July 7, giving oversupplied markets a breather despite uncertainty over the Greek financial crisis, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery was up 10 cents at $57.06 in late morning Asian trade while Brent was 23 cents higher at $62.24."With the deadline now extended into next week on finding a comprehensive agreement on Tehran's nuclear programme, the markets ...
Oil prices down as Greece default looms SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations Greece will miss a key debt repayment later in the day and edge closer to a eurozone exit, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery fell 23 cents to $58.10 while Brent crude for August eased 15 cents to $61.86 in late-morning trade.WTI sank $1.30 and Brent lost down $1.25 Monday. Crude tracked losses in global equity markets Monday after Greek ...
Oil slides on Greek default fears SINGAPORE: Oil prices fell in Asia Monday tracking the sell-off in global equity markets on fears of a Greek debt default, analysts said.US benchmark West Texas Intermediate for August delivery fell 82 cents to $58.81 while Brent crude for August eased 70 cents to $62.56 in late-morning trade.Asian equity markets and the euro were facing sell-offs at the start of the week after cash-strapped Greece broke off deadlocked talks with creditors over the weekend, despite ...
Oil prices mixed with focus on Greece SINGAPORE: Oil prices were mixed in Asia Friday as dealers eyed the deadlocked Greek debt talks expected to come to a head over the weekend, analysts said. US benchmark West Texas Intermediate for August delivery fell eight cents to $59.62 while Brent crude for August gained 20 cents to $63.40 in mid-morning trade. "The focus for Friday and into the weekend will be on Greece," said Singapore's United Overseas Bank. Crude investors were weighing the ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday following a bearish US energy report, while talks over crude producer Iran's nuclear programme dragged on, analysts said. US benchmark West Texas Intermediate for August delivery fell three cents to $60.24 while Brent gained 14 cents to $63.63 in mid-morning trade.Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said oil prices were pressured by the US Department of Energy's weekly petroleum ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln