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Brent drops below $114 as worries ease over Iraq supply SINGAPORE: Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. Iraq's southern oilfields, which produce the majority of the nation's 3.3 million barrels a day, remained safe, said Nickolay Mladenov, United Nations special envoy to Iraq. But insurgents and Iraq government forces continued to fight on Wednesday for control of Iraq's largest refinery, the 300,000 barrel per day Baiji complex, with troops being airlifted into the site by helicopter."The southern part of Iraq has not been affected by any insurgency," said Yusuke Seta, commodity sales manager at Newedge Japan. Oil shipments from OPEC's No.2 exporter are likely to be around 2.7 million barrels in June, Seta said, similar to last month. "The $113-$114 level is a reasonable and comfortable range (for Brent) at the moment." ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following a report that Washington is to lift a decades-old crude export ban.US benchmark West Texas Intermediate rose 18 cents to $106.68 while Brent eased eight cents to $113.92 in afternoon trade. Analysts said prices were tracking gains in equity markets following a positive lead from Wall Street, despite data on Wednesday showing the ...
Brent drops below $114 as worries ease over Iraq supply threat SINGAPORE: Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. Iraq's southern oilfields, which produce the majority of the country's 3.3 million barrels a day, remained safe, said Nickolay Mladenov, United Nations special envoy to Iraq. But insurgents and Iraq government forces continued to fight on Wednesday for control of ...
Asia Naphtha: India BPCL's sales premium drops at least 35pc SINGAPORE: India's Bharat Petroleum Corp Ltd has sold a July naphtha cargo from Mumbai to oil major Shell at about $26 a tonne above Middle East quotes on a free-on-board (FOB) basis, traders said on Thursday.This reflected a 35 to 37 percent drop in sales premium for BPCL as it had previously sold a cargo for June 21-23 loading from the same port to PetroChina at $40 to $41 a tonne to Middle East quotes ...
China shares higher in morning trade SHANGHAI: Chinese stocks were higher in morning trade Thursday, in line with rises in US stocks overnight, dealers said.The benchmark Shanghai Composite Index rose 0.19 percent, or 3.88 points, to 2,029.38.The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.29 percent, or 3.12 points, to 1,067.35.Copyright AFP (Agence France-Presse), 2014 ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following the a report that Washing is to lift a decades-old crude export ban.US benchmark West Texas Intermediate rose 13 cents to $106.63 while Brent crude eased two cents to $113.98 in mid-morning trade. Analysts said prices were tracking gains in equity markets following a positive lead from Wall Street, despite data on Wednesday ...
Asia Naphtha/Gasoline-Naphtha up; SK Energy to sell term cargoes SINGAPORE: The Asian naphtha crack inched up for the third straight session on Wednesday to reach a near two-week high of $134.70 a tonne as lower refinery run rates in Europe, caused by weak distillates margins, lent support.Refinery run cuts in Europe will affect naphtha exports to Asia, which is structurally short of naphtha.But sellers' concerns over additional supplies in Asia loomed as South Korea's SK Energy was out to sell naphtha mainly for August ...

 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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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 10, 2014
Reserves $13.401 bln