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China's June crude imports from Iran up 38pc y/y BEIJING: China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.Imports in the first half of 2014 were up 48 percent over the same six months of the previous year.China, Tehran's largest oil client, began stepping up purchases from the OPEC member after a preliminary nuclear deal in November of last year eased some sanctions on Iran. China has been making up the main portion of Asia's higher Iranian oil imports since then.Asian buyers are expected to import about 1.25 million to 1.3 million barrels per day (bpd) of Iranian oil in the first half of the year, mostly owing to China's increases, industry and government sources have said.Negotiations between Iran and six world powers over a comprehensive nuclear deal have been extended for an additional four months ...

Brent steady above $107 as investors focus on Ukraine tension SINGAPORE: Brent crude held steady above $107 a barrel on Monday, with investors watching an intensifying geopolitical crisis between Moscow and the West over the downing of a civilian jet in Ukraine last week. Still, investors seemed reluctant to build a higher risk premium into oil prices, with the risk of supply disruptions from Russia looking limited for the time being. US Secretary of State John Kerry laid out on Sunday what he called overwhelming ...
Brent oil to slide to $106 SINGAPORE: Brent oil may continue to slide further to $106 per barrel, to fill a gap on the hourly chart that formed on July 17.This could be a common gap, as the rise from the July 15 low of $104.39 is classified as a rebound. It is not very clear if the rebound extends, but at least the first leg of this rebound could be completed, should it extend later on.Resistance is at $107.61, the ...
South Korea shares, won edge up as geopolitical tensions ease SEOUL: South Korean shares and the won edged up on Monday as geopolitical tensions eased somewhat, with riskier assets getting a boost on expectations of policy changes to shore up the local economy.The Korea Composite Stock Price Index (KOSPI) was up 0.38 percent at 2,027.14 points as of 0153 GMT versus an onshore close of 2,019.42 on Friday - its best week since May. The index touched the 2,030 mark earlier in the day for ...
ONGC reports gas leak from well being drilled off west coast NEW DELHI: India's largest explorer Oil and Natural Gas Corp (ONGC) has marginally cut oil output from the country's biggest oil producing asset off the west coast following a gas leak from a well being drilled. "As a precaution we have shut gas injection into some of the nearby wells in the Mumbai High north fields. Our crisis management team is already there and we have evacuated the non-essential staff from the area," N. K. ...
Middle East Crude: Condensate steady on Korea demand SINGAPORE: Qatari condensate premiums held steady in the Middle East crude market on Friday, supported by robust demand from South Korea and tighter supply of the ultra light oil.South Korean end users have bought four Qatari condensate cargoes for new splitters while supply of the one of the grades, deodorised field condensate (DFC), may have been curbed by problems at a liquefied natural gas (LNG) train, traders said.Before Tasweeq's tender, Shell, Mitsui and Tasweeq sold ...
Geopolitical woes send oil prices higher in Asia SINGAPORE: Oil prices rose in Asia on Friday after a Malaysia Airlines plane came down in war-ravaged Ukraine and Israel launched a ground offensive into Gaza, sparking fears about tensions in the crude-rich Middle East.US benchmark West Texas Intermediate for delivery in August was up 53 cents at $103.72 in late-morning trade and Brent crude for September advanced 65 cents to $108.54.Speculation that flight MH17 with 298 people aboard was shot down by pro-Moscow separatist ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln