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Asia-Pacific Crude-Storage demand seen for Russia ESPO SINGAPORE: More Russian ESPO crude to load in March was sold at higher premiums from the previous month in Asia as better margins and demand from traders for storage supported prices.Rosneft sold another five cargoes via a tender at premiums between $2.50 and $2.60 a barrel to Dubai quotes, traders said on Thursday. An unknown trader bought a cargo loading on March 1-6 while Unipec and Statoil purchased two cargoes each for March 6-9, 9-12, 12-15 and 13-16.Statoil has bought at least three March-loading ESPO cargoes this month and they could be stored in tanks in South Korea, traders said.March-loading NWS condensate are sold out at $3-$3.50 a barrel below dated Brent, up from discounts wider than $3.50 in the previous month as naphtha cracks improved.BP bought two NWS condensate cargoes from Mitsui and Woodside for loading on March 5-9 and 20-25, a trader said. Chevron sold its March 11-15 ...

Asia-Pacific Crude-Storage demand seen for Russia ESPO SINGAPORE: More Russian ESPO crude to load in March was sold at higher premiums from the previous month in Asia as better margins and demand from traders for storage supported prices.Rosneft sold another five cargoes via a tender at premiums between $2.50 and $2.60 a barrel to Dubai quotes, traders said on Thursday. An unknown trader bought a cargo loading on March 1-6 while Unipec and Statoil purchased two cargoes each for March 6-9, 9-12, ...
Middle East Crude-Oman/Dubai spread widens to $3/bbl SINGAPORE: The spread between cash Oman and Dubai widened to at least $3 a barrel in the Middle East crude market on Thursday following trades on the window.Gulf producers may take into account the wide spread between the two markers and reduce official selling prices (OSPs) next month, traders said.Mercuria sold an Oman partial to Shell at $47.50 a barrel while Mercuria bought five Dubai partials at $44.10-$44.70 from Shell, Gunvor, Vitol and Unipec. Unipec ...
Oil prices rise, gains capped on supply glut concerns SINGAPORE: Oil prices edged higher Thursday but gains were capped amid fresh worries about the global supply glut as US crude reserves soared to a record high, analysts said.US benchmark West Texas Intermediate (WTI) for March delivery rose one cent to $44.46 while Brent crude for March gained 17 cents to $48.64 in afternoon trade.WTI dropped $1.78 in New York while Brent fell $1.13 in London after official data released Wednesday showed US crude stockpiles ...
Middle East Crude-Oman strengthens ahead of expiry SINGAPORE: DME Oman strengthened in the Middle East crude market on Wednesday, flipping into a premium against Dubai swaps, two days ahead of contract expiry.March-loading crude cargoes sold in Asia are fetching higher premiums on stronger refining margins and the possibility of storing excess cargoes on tankers for later sale.Russian ESPO crude premiums rose to the highest in seven months after Surgutneftegaz sold four cargoes in a tender.The producer sold four cargoes via a tender ...
South Korea's GS Caltex to shut crude and secondary units in May SINGAPORE/SEOUL: GS Caltex Corp, South Korea's second largest refiner, is to shut a crude distillation unit (CDU) and a gasoline-making unit in early May for a month-long maintenance, traders said on Tuesday.The refiner, a joint venture between GS Holdings and Chevron Corp, will take down an 180,000-barrel-per-day (bpd) CDU and a 94,000-bpd residue fluid catalytic cracker (RFCC) for a scheduled maintenance, they added.GS Caltex officials were not immediately available for comments.GS Caltex operates a refinery ...
Indian Essar's Feb sale price flips into premium SINGAPORE: India's Essar Oil naphtha sales price for February returned to premium levels after slumping into a discount as delays in shipments from Europe to Asia coupled with strong demand boosted prices, traders said on Tuesday.Essar Oil sold up to 35,000 tonnes of naphtha for Feb. 21-25 loading from Vadinar to Vitol at premium levels over the $10 a tonne mark to Middle East quotes on a free-on-board (FOB) basis.Traders said the price was likely ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln