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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Wednesday on profit-taking after the previous day's sharp gains, with traders expecting another rise in US inventories, analysts said.US benchmark West Texas Intermediate (WTI) for May delivery declined $1.01 to $52.97 and Brent crude for May dropped 86 cents to $58.24 in afternoon trade.On Tuesday WTI rose $1.84 and Brent was up 98 cents on easing worries that Iranian crude will flood the market soon after last week's nuclear deal with the West. Also providing support was news that Saudi Arabia had raised prices for Asia citing increased demand.Daniel Ang, an investment analyst with Phillip Futures in Singapore, said he saw elements of profit-taking in Wednesday's trade, with an expected rise in US weekly crude inventories also dampening sentiment.The US Energy Information Administration will release its stockpiles report, a closely watched barometer of demand in the world's top oil consuming nation, later Wednesday."Fundamentals ...

Middle East Crude-Dubai weakens despite Chinaoil buys SINGAPORE: Cash Dubai weakened in the Middle East crude market on Tuesday despite Chinaoil's purchases on the window.The trading arm of PetroChina took delivery of another four cargoes on Tuesday, bringing its total haul this month to 10 cargoes, traders said.Unipec will deliver three Oman while Shell has declared the delivery of one Upper Zakum, they said.Cash Dubai's discount to Dubai swaps stayed at around $1 a barrel, weaker versus a discount of about 70 ...
Asia-Pacific Crude-Thailand's PTT buys regional grades SINGAPORE: Thai demand supported the Asia-Pacific crude market after state-owned PTT bought regional grades in its monthly import tender, traders said.Thailand's PTT bought a total of 1 million barrels or more including Brunei's Seria Light and Malaysia's Kimanis in a tender for arrival at its Rayong plant in late-May and early-June, the traders said.In addition, the company purchased two other regional grades, they said, but the details of the tender result were not available.PTT normally ...
Middle East Crude-Saudi raises prices to Asia for 2nd month  SINGAPORE: The Middle East crude market strengthened on Monday after Saudi Arabia raised the prices of all the grades it will sell to Asia in May for a second straight month and as Chinaoil continued its buying spree.Three more cargoes were declared for delivery to Chinaoil on Monday, bringing its total purchase in the first three sessions this month to 3 million barrels, traders said.Unipec will deliver one Upper Zakum and one Oman while Shell ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia on Monday on news that a labour strike at a US refinery would end soon, tempering recent losses fuelled by an agreement to curb Iran's nuclear programme.US benchmark West Texas Intermediate (WTI) gained 90 cents to $50.04 while Brent rose 69 cents to $55.64 in afternoon trade.Prices fell sharply after six world powers and Iran agreed Thursday on a framework to rein in Tehran's nuclear ambitions. Markets were closed ...
Middle East Crude-Chinaoil buys 3 Upper Zakum in 2 days SINGAPORE: Chinaoil continued its purchases in the Middle East crude market for a second day, a sign that it could embark on a buying spree this month, traders said on Thursday.The trading arm of PetroChina took delivery of a third Upper Zakum crude cargo on Thursday from Unipec, the trading arm of Asia's largest refiner Sinopec, in deals revealed during pricing agency Platts' market assessment process, traders said.A day ago, Chinaoil bought one cargo each ...
Asia-Pacific Crude-ESPO rebounds but oversupply persists SINGAPORE: Spot premium for Russian ESPO Blend rebounded in the Asia-Pacific crude market on Thursday amid robust demand from refiners.Rosneft sold two ESPO cargoes loading May 25-28 and May 29-June 1 to trading firms at $2.25-$2.50 a barrel above Dubai quotes, with the cross-month cargo fetching the higher premium, traders said.The price level was at the higher end of the range of previous May-loading cargoes. The deals could not be independently verified.Crude differentials continue to ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln