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Brent steady above $86 as market awaits Fed statement TOKYO: Brent oil prices held steady above $86 a barrel on Wednesday as investors awaited guidance from the Federal Reserve on US monetary policy later in the day and after industry data on US inventories came in more or less as expected.Investors were also awaiting data on closely-watched stockpiles from the US government's Energy Information Administration due at 1030 EDT (1430 GMT) on Wednesday.Industry group American Petroleum Institute (API) on Tuesday showed US crude inventories were up by 3.2 million barrels in the week to Oct. 24 to 375.1 million, compared with an analysts' survey by Reuters that indicated an expected gain of 3.4 million barrels.Brent crude for December delivery was up 24 cents at $86.27 a barrel by 0253 GMT, after settling up 20 cents.NYMEX crude for December delivery was up 28 cents at $81.70 a barrel, after settling up 42 cents at $81.42 on Tuesday as the dollar ...

Oil prices up ahead of Fed outcome, supply report SINGAPORE: Oil prices rose in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the latest US supply report. US benchmark West Texas Intermediate for December delivery rose 26 cents to $81.68 while Brent crude for December was up 20 cents at $86.23 in mid-morning trade."The focus is clearly on the Fed," Singapore's United Overseas Bank said in a commentary. A statement on the two-day Fed meeting's outcome will be ...
Middle East crude weak demand in Asia weighs SINGAPORE: The Middle East crude market remained depressed by excess supply and weak demand in Asia, with only the grades sold on the Platts window supported by Chinaoil, the trading arm of PetroChina.Shell has again offered Murban at a discount of 40 cents a barrel to its official selling price (OSP) on the Platts window, but there were no buyers.Unipec and Gunvor will deliver a cargo each of Oman and Upper Zakum respectively to Chinaoil ...
Asia-Pacific crude under pressure; ESPO in focus SINGAPORE: Over supply continued to weigh on the Asia-Pacific crude market on Tuesday although signs of improving middle distillate margins could support differentials for Russia's ESPO grade, traders said.Profits from processing a barrel of crude continued to slip, with complex refining margins in the Singapore hub averaging about $5 a barrel over the last two weeks, down from $6.35 a barrel last month.Still, a pick-up in margins for jet fuel and an anticipated increase in ...
Middle East Crude-Weak demand in Asia weighs SINGAPORE: The Middle East crude market remained depressed by excess supply and weak demand in Asia, with only the grades sold on the Platts window supported by Chinaoil, the trading arm of PetroChina.Shell has again offered Murban at a discount of 40 cents a barrel to its official selling price (OSP) on the Platts window, but there were no buyers.Unipec and Gunvor will deliver a cargo each of Oman and Upper Zakum respectively to Chinaoil ...
Sinopec firm starts laying pipelines for Iraq's Maysan oilfield BEIJING: An engineering and construction unit under China's Sinopec Group has started building pipelines for Iraq's Maysan project that will help raise the oilfield's production to 460,000 barrels per day (bpd) by 2016, an industry website reported on Tuesday.Iraq had set a production capacity target of 12 million bpd by 2020, which would rival that of top oil exporter Saudi Arabia, after it signed service contracts in 2009-2010 to develop its southern oilfields. China is ...
Brent oil's target of $82.87 intact SINGAPORE: A bearish target at $82.87 per barrel remains intact for Brent oil as indicated by its wave pattern and a Fibonacci projection analysis.Oil is riding on a wave 5, the fifth wave of a five-wave cycle that developed from the Sept. 17 high of $99.61. This cycle makes a part of a bigger wave C that developed from the June 19 high of $115.71.The wave C has been disrupted by support at $82.87, the ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln