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Middle East Crude: Dubai strengthens on Chinaoil buying SINGAPORE: The Dubai price flipped to a premium in the Middle East crude market on Friday after Chinaoil increased buying, while differentials for Murban weakened.Chinaoil, the trading arm of PetroChina, bought a total of 74 partials at around $84.30 a barrel, equivalent to about 24 cents above Dubai swaps.Aggressive buying by Chinaoil this month has strengthened the cash Dubai price, pushing spot differentials for Upper Zakum, Oman and Al-Shaheen to multi-month highs.There has been strong demand on the back of a slide in global oil prices with Brent touching a four-year low this month.Still, refining margins continued to slide. Complex refining margins in the Singapore hub have averaged $5.63 over the past week, compared with $6.35 last month.Differentials for Abu Dhabi's flagship grade Murban fell to 10-20 cents a barrel below its official selling price (OSP), traders said. Earlier this week, the grade traded at a 15 cent premium, following ...

Brent slips towards $86 on Ebola case, set for 1st weekly gain in 5 SINGAPORE: Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite took a hit from news that a doctor in New York City tested positive for Ebola.The first confirmed case in America's largest city has renewed fears about the spread of the virus, prompting a tumble in US stock futures, while Asian shares also lost ground."Such news is not good for risk assets, with investors looking for a ...
Brent inches up to near $85, China PMI spurs optimism SINGAPORE: Brent crude reversed early losses to edge up towards $85 a barrel on Thursday as better than expected factory data from China countered concerns over rising supply.China's manufacturing activity quickened to a three-month high in October, with the HSBC/Markit manufacturing purchasing managers' index rising to 50.4 from 50.2 in September.China is the world's second biggest oil consumer and the expected strength of its economy is a key factor in judging oil demand outlook."It's above ...
Oil narrows losses but remains subdued in Asia SINGAPORE: Oil narrowed losses in Asian trade Thursday after news that China's key manufacturing sector picked up slightly prompted some buying, but analysts said prices remain burdened by a supply glut.US benchmark West Texas Intermediate (WTI) reversed an earlier tumble, gaining two cents to $80.54 a barrel in afternoon trade, while Brent crude was unchanged at $84.71 after a decline during morning hours.Both contracts, already at multi-year lows, fell sharply on Wednesday after the US ...
Oil prices down in Asia SINGAPORE: Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.US benchmark West Texas Intermediate (WTI) tumbled 30 cents to $80.22 a barrel in late-morning trade and Brent crude eased 34 cents to $84.37.Both contracts, already at multi-year lows, fell sharply on Wednesday after the US Department of Energy (DoE) reported that American oil inventories climbed by 7.1 million barrels ...
Hong Kong shares end up 1.37pc HONG KONG: Hong Kong stocks jumped 1.37 percent following a third successive advance on Wall Street, while traders await the release of preliminary Chinese manufacturing data later in the week.The Hang Seng Index rose 315.39 points to 23,403.97 on turnover of HK$61.51 billion ($7.94 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.56 percent, or 13.11 points, to 2,326.55 on turnover of 138.5 billion yuan ($22.6 billion). The Shenzhen Composite Index, which tracks ...
Oil prices dip in Asia after recent gains HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve's next policy meeting.However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows.US benchmark West Texas Intermediate for December delivery eased 31 cents to close at $82.50 a barrel. Brent North Sea crude for ...

 



 
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