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Middle East crude mixed; Basra up, Qatar Marine down SINGAPORE: The Middle East crude market was mixed on Thursday as Indian refiners swept up the remaining Qatar Marine available in November at wide discounts while the differential for Basra Light improved.Occidental, Unipec and Itochu sold four Qatar Marine cargoes at discounts between $2 and $2.20 a barrel to Dubai quotes, traders said, following Petro-Diamond's deal with Reliance earlier this week.November Basra Light has flipped into a single-digit premium to its OSP after Petronas sold destination-free Iraqi oil to an oil major, they said. A sharp reduction in the grade's OSP helped prop up spot differentials. Still, bids from Indian refiners remained at discounts of 10-20 cents to OSP.Trade in Russian ESPO picked up with Rosneft offering five cargoes for loading on Nov. 2-5, 15-18, 20-23, 24-27 and Nov. 28-Dec. 1. Its tender will close on Sept. 26 with bids valid until Oct. 1.Recovering margins and winter demand may support ...

Asia Pacific crude ample supply weighs; ESPO exports to fall SINGAPORE: The Asia-Pacific crude market was weighed by ample supply and weak demand from refiners even as profits from processing crude improved in recent weeks.A glut of crude has built in Asia as many Asian refiners have lowered their throughput and as a flood of arbitrage barrels comes to the region.Complex refining margins in the Singapore hub averaged around $6 a barrel in the past week, up from around $3.70 in August. Still, differentials for ...
South Korean shares edge higher on upbeat U.S data; won lower SEOUL: South Korean shares rose on Thursday, tracking a broad overnight rally in Wall Street triggered by upbeat U.S economic data.The Korea Composite Stock Price Index (KOSPI) was up 0.16 percent at 2,038.92 points as of 0220 GMT, just below its 14-day moving average.Risk appetites were bolstered by U.S housing data showing a sharp increase in new home sales, as well as dovish comments from a senior Federal Reserve official.Samsung Electronics edged up 0.5 percent, ...
Nikkei rises to fresh 7-year high as weak yen lifts risk appetite TOKYO: Japan's Nikkei share average rose to a fresh seven-year high on Thursday as strong US economic data and continuing yen weakness buoyed investors' risk appetite, with buying extending beyond exporters to lift all sectors.The Nikkei share average ended 1.3 percent higher at 16,374.14 points, the highest closing level since November 2007.The broader Topix rose 1.5 percent to 1,346.43, and the JPX-Nikkei Index 400 gained 1.6 percent to 12,246.68. Copyright Reuters, 2014 ...
Brent steadies near $97 after bounce from lowest in over 2 years SINGAPORE: Brent crude steadied near $97 a barrel on Thursday after bouncing from its lowest in 26 months, but abundant supply continued to weigh on the market. US-led air strikes targeted Islamic State-controlled oil refineries in eastern Syria in a move to choke off a crucial source of revenue for the militant group, US officials said, and at least 14 Islamic State fighters were killed. But the market shrugged off potential supply risks in the ...
Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Thursday but losses were capped following a surprise drawdown in US stockpiles and as dealers await fresh economic data out of Washington, analysts said.US benchmark West Texas Intermediate for November delivery fell two cents to $92.78 while Brent crude for November eased ten cents to $96.85 in mid-morning trade. Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said "a higher-than-forecast" drawdown of ...
Brent slips further below $97 because of ample supply SINGAPORE: Brent crude fell for a third day on Wednesday, slipping further below $97 a barrel as inflated supplies and weak economic data from Europe outweighed rising geopolitical tensions in the Middle East. The European economic data and a rise in oil exports from Iraq and Nigeria overshadowed a boost from China with Tuesday's release of a better-than-expected flash Purchasing Managers' Index (PMI) for September. US air strikes on militants in Syria also failed to ...

 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln