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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 May delivery gained 45 cents to $52.36 while Brent crude for May rose 51 cents to $58.44 in midday trade.The US Energy Information Administration said Monday shale oil output could decline in May, which Bloomberg News said was the first time the agency had projected a drop since it began issuing a monthly drilling productivity report in 2013.David Lennox, Resource analyst for Fat Prophets in Sydney, said the projection was "positive for the market as ...

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, ...
Oil prices edge up in Asian trade SINGAPORE: Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.US benchmark West Texas Intermediate added 31 cents to $51.95 while Brent was up 24 cents at $58.11 in late-morning 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, chief ...
Brent nudges up to near $57, set for weekly gain SINGAPORE: Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.The rise may prove sufficient to help both Brent and US crude futures post a weekly gain of more than 3 percent despite being dragged down by record levels of Saudi output and US inventories earlier this week."The reaction was severe for one session but ...
Oil prices rebound in Asia trade SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting after a surge in US crude stockpiles and record output in Saudi Arabia sparked a sell-off in the previous session, analysts said.US benchmark West Texas Intermediate (WTI) advanced 78 cents to $51.20 a barrel and Brent added 73 cents to $56.28 in afternoon trade.Shailaja Nair, associate editorial director at energy information provider Platts, said Thursday's price rebound was "due to bargain-hunting" traders, who pounced on oil ...
Asia-Pacific Crude-Refining margins slip from multi-year highs SINGAPORE: The Asia-Pacific crude market could come under pressure as refining margins begin to fall from multi-year highs.Asian refining margins have started to slip over the past week after refiners enjoyed their highest profit margins in years in the first quarter.Complex refining margins in the Singapore hub have averaged around $8 a barrel over the past week, down from an average of around $9.30 a barrel in March."I think by the middle of the year ...

 



 
Index Closing Chg%
Arrow DJIA 18,070.40 1.26
Arrow Nasdaq 5,016.93 0.23
Arrow S&P 2,114.49 0.29
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,619.85 1.44
Arrow CAC-40 5,081.97 0.70
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.82 0.03
Arrow Sensex 27,490.59 1.77





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln