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Asia-Pacific Crude-NWS condensate supply to rise in January  SINGAPORE: Condensate came under pressure in the Asia-Pacific crude market on Tuesday as an additional North West Shelf (NWS) cargo was added to the January programme.BHP has a cargo loading on Jan. 28-Feb. 1, traders said, inaddition to four cargoes to be marketed by Woodside, BP, Petro-Diamond and Chevron.A rebound in naphtha cracks would usually support condensate values, but there is "still too much oil," said a trader. A second trader said NWSC condensate differentials were likely to hold steady from the previous month.Russian ESPO also weakened. Surgutneftegas sold an ESPO cargo for Jan. 5-10 loading via a tender at $1.60-$1.65 a barrel above Dubai quotes to an unknown buyer, traders said. The differential was lower than the $1.85-$1.90 premium fetched in Surgut's previous tender.Separately, Sakhalin Energy offered 730,000 barrels of Vityaz for loading on Jan. 29-Feb. 5 in a tender to close on Nov. 20. Bids will remain valid ...

Oil prices down in Asian trade SINGAPORE: Oil prices extended their losses in Asia Tuesday after Japan's economy slumped into recession, while prospects for an OPEC output cut dimmed, analysts said. US benchmark West Texas Intermediate for December delivery fell 37 cents to $75.27 while Brent crude for January was down 37 cents at $78.94 in afternoon trade.Prices are facing pressure from "weak Japanese economic data and increasing scepticism that OPEC will be able to agree to rein in oil production", ...
Oil prices down in Asian trade SINGAPORE: Oil prices extended their losses in Asia Tuesday after Japan's economy slumped to recession, while prospects for an OPEC output cut dimmed, analysts said. US benchmark West Texas Intermediate for December delivery fell 32 cents to $75.32 while Brent crude for January was down 43 cents to $78.88 in late-morning trade.Prices are facing pressure from "weak Japanese economic data and increasing scepticism that OPEC will be able to agree to rein in oil production", ...
Brent oil neutral in $78.39-$79.40 range SINGAPORE: Brent oil looks neutral in a range of $78.39- $79.40 per barrel, and an escape will point to a direction.The range has been formed by the 14.6 percent and the 23.6 percent Fibonacci retracements on the fall from the Oct. 29 high of $87.94 to the Nov. 14 low of $76.76.A break above $79.40 will open the way towards the 38.2 percent retracement at $81.03, while a drop below $78.39 could extend to $76.76.The ...
Middle East crude January Upper Zakum discount widens SINGAPORE: January spot differential for Upper Zakum in the Middle East crude market hit the widest discount in two months on Monday due to lacklustre demand for the grade on the Platts window.Vitol sold a cargo to Trafigura on the window at 80 cents a barrel below its official selling price (OSP), traders said.Last month, the Abu Dhabi crude's premium hit the highest in 11 months, boosted by strong demand from Chinaoil.In contrast, firm Chinese ...
Asia-Pacific crude January Chim Sao steady; Sokol weakens SINGAPORE: Vietnamese Chim Sao crude for January loading sold at similar premiums from the previous month on firm demand, traders said on Monday.Vitol bought two of the cargoes from PV Oil while Shell purchased one, they said. Premiums for the cargoes loading on Jan. 7-11,17-21 and 26-30 were between $2.50 and $2.90 a barrel to dated Brent, traders said.Russian Sokol, on the other hand, weakened to a premium at just below $3 a barrel to ...
Brent slips to $79 as Japan enters recession SINGAPORE: Brent crude fell to around $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon. The chances of a pick-up in global oil demand were dealt a blow by the data showing Japan's economy unexpectedly shrank by an annualised 1.6 percent in the third quarter because of weak consumption ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln