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Oil prices at 2015 highs SINGAPORE: Oil prices extended gains in Asia to trade at 2015 highs Wednesday as fresh tensions in oil producer Libya raised concerns about a supply disruption in the crude-rich Middle East, analysts said.US benchmark West Texas Intermediate for June delivery gained 48 cents to $60.88, while Brent crude for June rose 33 cents to $67.85 in mid-morning trade.WTI jumped $1.47 in New York while Brent closed up $1.12 in London. Both finished at levels unseen since early December. "Geopolitical concerns in the Middle East continue to form a firm base for oil prices, be it Libya, Yemen or Iraq," Nicholas Teo, market analyst at CMC Markets in Singapore, told AFP. Media reports on Tuesday said protests in Libya had shut oil deliveries to a port in the eastern part of the North African country.Fighting since 2011 in the North African state, a member of the OPEC oil-producing cartel, has seen ...

Middle East Crude: Strengthens ahead of OSPs SINGAPORE: DME Oman and cash Dubai strengthened in the Middle East crude market on Tuesday ahead of announcements of official selling prices (OSPs) from Gulf producers this week.Cash Dubai's discount to Dubai swaps narrowed to about 50 cents from close to $1 in the previous session after Shell bought most of the partials transacted in the window, traders said.Saudi Aramco is likely to be the first among Gulf crude producers to release OSPs. The world's ...
Brent inches towards $67, despite weak China factory activity SINGAPORE: Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. China, the world's second-largest oil consumer, posted its biggest drop in factory activity in a year to 48.9 in April, a private business survey showed on Monday. The sub-50 point level indicates a contraction compared with the previous month.The data came on the ...
Philippines offers 21 sites for geothermal, hydro projects MANILA: The Philippines opened a tender process on Monday for 21 geothermal and hydro sites for exploration and development, hoping to expand its sources of indigenous energy and cut dependence on imported fuel, while offering opportunities to investors. The Department of Energy (DOE) said it had received 39 bids to explore and develop a total of 16 sites - two for geothermal and 14 for hydro - from companies that included Energy Development Corp, the ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Monday as dealers eyed lacklustre manufacturing data from China, which raised concerns about weak demand from the world's top energy consumer, analysts said.US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.Financial markets in Japan, Thailand and Malaysia were closed for a public holiday.Analysts said oil prices weakened in reaction to data from global banking giant HSBC showing ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday after first quarter US economic growth fell short of forecasts but a weaker dollar and easing US crude production provided support, analysts said.US benchmark West Texas Intermediate for June was up eight cents at $58.66 in late-morning trade, while Brent for June fell 27 cents to $65.57 a barrel.The US Commerce Department said Wednesday that the world's biggest economy and top oil consuming nation stalled in the ...
Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Wednesday on expectations the latest US stockpiles report will show a further surge in crude reserves, worsening a global supply glut, analysts said. US benchmark West Texas Intermediate fell 18 cents to $56.88 while Brent crude slipped 16 cents to $64.48 in mid-morning trade. The Department of Energy (DoE) will release its weekly report later Wednesday. Crude reserves are expected to have increased by 2.9 million barrels in ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
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Arrow S&P 2,076.78 0.03
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Arrow DAX 11,058.39 0.37
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln