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China Sept crude oil imports up 7.4pc on year BEIJING: China's crude imports rose a stronger-than-expected 7.4 percent in September from a year earlier, even as demand growth in the world's largest energy consumer remains subdued, suggesting the country may be boosting its reserves, analysts said. The International Energy Agency (IEA) last month revised down its forecast for China's oil demand growth in 2014 for the fourth time this year, estimating demand would rise just 2.4 percent, compared to 3.6 percent predicted in January. September crude imports rose to 27.58 million tonnes, or 6.7 million bpd, up 13.1 percent on a daily basis from August, and well above an average of 5.73 million bpd over the preceding three months. For the first nine months of the year, China's crude imports rose to 228.50 million tonnes, or 6.11 million bpd, up 8.3 percent from the same period last year, the customs data showed. The September figure was the second highest ...

Oil falls more than $1 on Kuwait, Saudi signals; China offsets SINGAPORE/SEOUL: Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. China's export and import growth unexpectedly trumped forecasts in September, while the world's largest energy consumer increased crude oil imports by 9.5 percent from a month ago, data showed on Monday. "That's very good ...
Oil prices down in Asian trade as weak demand weighs SINGAPORE: Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth woes and supplies increase.US benchmark West Texas Intermediate for November delivery fell 94 cents to $84.87 -- its weakest for two years -- while Brent North Sea crude lost 96 cents to a four-year low of $89.25."Prospects for global oil demand growth have weakened recently," British bank Barclays said in a market analysis.It said global oil ...
Brent at four-year low on global economy fears SINGAPORE: Crude prices tumbled Friday, with Brent hitting a four-year low on concerns about the global economy while the head of the IMF warned the eurozone could slip back into recession.Brent's November contract was trading at $88.40 a barrel in afternoon Asian trade, down $1.65 dollars the day before and at levels last seen in November 2010. US benchmark West Texas Intermediate for November delivery was down $1.92 to $83.85, its weakest level since June ...
Oil prices extend losses on demand fears SINGAPORE: Oil prices sank Friday to more than two-year lows as weak economic data from Germany underscored concerns over a global economic slowdown and its impact on energy demand, analysts said.In Asian trade US benchmark West Texas Intermediate for November delivery tumbled $1.49 to $84.87, its weakest level since June 2012.Brent crude fell $1.61 to $88.44, also the lowest level since June 2012.The losses come as equities markets suffer another heavy sell-off.Another round of negative ...
Brent crude price drop prompts buying spree by China SINGAPORE/BEIJING: A 20 percent drop in global oil prices has whetted top energy consumer China's appetite for crude with PetroChina snapping up more than 8 million barrels in just over a week.Ample crude oil supply and lower economic growth from China to Europe has hammered oil prices over the past three months, with Brent this week hitting its lowest in more than two years.But prices may have reached a point where consumers such as China ...
Asia Pacific crude Sokol premium drops; Brent/Dubai gap widens SINGAPORE: The Asia-Pacific crude market came under pressure on Thursday, as premiums for Russia's Sokol dropped to a more than four-year low, while Brent's premium to Dubai swaps rose to its highest in nearly 10 weeks.Russia's Rosneft sold a prompt Sokol cargo in a tender to Vitol at about $3.50 a barrel above Dubai quotes, traders said.The 700,000-barrel cargo is due to load Nov. 19-28. Rosneft had extended the validity of the tender from Oct. ...

 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln