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Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday, retaining support from a surprisingly upbeat US supply report a day earlier, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained six cents to $56.45 while Brent crude for June slipped 14 cents to $63.18 in afternoon trade. On Wednesday WTI jumped $3.10 to $56.39, its highest closing price since December 23, while Brent crude for May shot up $1.89 to $60.32 on its last day of trading. Analysts said prices were supported by the official US stockpiles report Wednesday. The Department of Energy (DoE) said crude inventories rose by 1.29 million barrels in the week to April 10, much lower than the surge expected by analysts. Rises in US reserves are indicative of slack demand in the world's top crude consumer. "Compared to past weeks of over 10 million, this miniature increment hints at some changes in fundamentals," ...

Asia-Pacific Crude-Russian grades supported SINGAPORE: Russian Pacific grades were supported in the Asia-Pacific crude market on Wednesday by strong refinery demand and tighter supply of alternative Middle East grades.Spot differentials for Russia's Sokol crude held steady from last month, after Rosneft sold three June-loading cargoes at around $4 a barrel above Dubai quotes in a tender, traders said.Vitol and Lukoil bought a Sokol cargo each loading June 10-19 and June 21-30 at a premium of slightly above $4 a ...
Middle East Crude-Al-Shaheen discounts narrow by more than $1  SINGAPORE: The Middle East crude market strengthened on Wednesday with Qatari al-Shaheen for June sold at much narrower discounts from the previous month on robust demand in Asia.Asian demand has risen with the end of seasonal refinery maintenance while Middle East crude supply has tightened.Maersk sold three cargoes at 40-50 cents a barrel below Dubai quotes, traders said, versus discounts of $1.50-$1.90 a barrel for May-loading barrels sold last month. Buyers were not immediately known.Unipec ...
Middle East Crude-Murban premium hits 19-month high SINGAPORE: Spot premiums in the Middle East crude market rose, with Abu Dhabi's flagship Murban hitting a 19-month high, on tighter supplies and robust demand, trade sources said.While the end of seasonal refinery maintenance in Asia and firm margins buoyed demand for June-loading cargoes, supplies from the Middle East have tightened from March after Saudi Arabia and Abu Dhabi trimmed the volume of crude loaded for buyers in the east.It's a combination of "tighter supply ...
Oil prices higher in Asian trade SINGAPORE: Crude prices rose further in Asia on Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy.A drop in US production is expected to help ease the supply glut that has sent oil prices collapsing since June last year, while a stimulus package could boost demand in China, the world's biggest energy user, analysts said.US benchmark West Texas Intermediate for ...
Middle East Crude-Dubai holds firm with Chinaoil support SINGAPORE: Cash Dubai stayed firm in the Middle East crude market on Monday, supported by Chinaoil's purchases.The benchmark's discount to Dubai swaps narrowed to about 80 cents after the state Chinese firm bought nearly 30 partials on the window and took delivery of an Oman cargo from Unipec.Shell sold two Oman partials to Chinaoil which depressed cash Oman to near parity to Dubai swaps.On the supply front, Saudi Arabia has reduced contractual crude supplies to ...
Oil prices edge up in Asian trade SINGAPORE: Oil prices rose in Asia on Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.US benchmark West Texas Intermediate added 11 cents to $51.75 while Brent was up 12 cents at $57.99 in afternoon trade. "There has been a continuation in the rise of oil prices from Friday's session, but the market has started this week cautiously due to the ongoing oversupply situation," said Michael McCarthy, ...

 



 
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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
WeeklyApril 16, 2015
Reserves $16.818 bln