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Oil prices up in Asia ahead of OPEC meeting, US report SINGAPORE: Oil prices climbed in Asia Tuesday ahead of a key meeting of the OPEC oil cartel and a report on US commercial crude inventories to gauge demand in the world's biggest oil consuming nation.Analysts said the impact of comments by the Saudi Arabian oil minister that his country was prepared to work with other oil producers to stabilise prices was muted because there was no firm signal to slash production to ease the glut in global crude supples.The market will be closely watching the gathering of the Organization of the Petroleum Exporting Countries (OPEC) on December 10 for firm announcements regarding the cartel's lofty production levels, analysts added.OPEC's decision in November 2014 to maintain high output despite falling prices accelerated a decline from peaks of more than $100 a barrel in seen earlier in the year.At around 0310 GMT, US benchmark West Texas Intermediate for January delivery was up ...

China's Oct Iran crude oil imports down 0.1pc on year: customs BEIJING: China's October Iranian crude oil imports edged down slightly from a year earlier to their lowest level in 14 months, official customs data showed on Monday, in part due to the outage at a petrochemical producer that suffered a fire in the spring.China, still Iran's top oil client, imported 1.44 million tonnes of Iranian oil last month, or 338,300 barrels per day (bpd), down 0.1 percent from a year ago and 18.8 percent lower ...
Middle East Crude-Refinery demand supported by weaker Dubai  SINGAPORE: The Middle East crude market was supported by healthy refining margins on Monday, while Dubai swaps weakened further against the Brent benchmark taking them to their lowest in more than a year.Brent's premium over Dubai swaps widened to $2.72 a barrel, the highest since July last year.Asian refiners rushed to secure cargoes because of expectations that supply may tighten as more Middle East crude flows to Europe, traders said.According to traders and shipping data, ...
Asia-Pacific Crude-Tight supply supports heavy sweets SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand on Monday even as Brent's premium to Dubai swaps widened to its highest since July last year.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), widened 12 cents to $2.72 a barrel, the highest since July last year.While a widening spread makes regional Brent-linked grades less attractive compared to Middle East grades, it also helps curb supply of cargoes from ...
Asia Fuel Oil-Crack gains, spreads tighten on arbitrage volumes  SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke rose on Monday, snapping three straight sessions of declines, amid uncertainty over the volume of arbitrage cargoes from the West next month and a drop in oil prices.The crack rose to a discount of $6.75 a barrel on Monday after reaching its highest in more than three months on Nov. 17.Between 3 million-4 million tonnes of oil is estimated to be on tankers heading East for arrival ...
Oil down in Asia on oversupply fears SINGAPORE: Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stockpiles have reached a record high put pressure on futures.Crude dived to two-month lows on Friday after the International Energy Agency, the world's forecaster, said global commercial stocks had reached three billion barrels.Mounting expectations the US will raise interest rates for the first time in almost a decade next month also drove the dollar higher on ...
Asia Fuel Oil: Crack falls again; Dec build in arbitrage volumes seen SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke fell on Friday for a third straight session on firm oil prices and a possible larger than expected volume of arbitrage cargoes from the West.The crack dropped a discount of $6.84 a barrel on Friday after reaching its highest in more than three months on Nov. 17.That came after some traders revised estimates of how much arbitrage cargo would arrive in the East in December."We are seeing ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln