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Oil prices rise following attacks on Libyan oil terminals SINGAPORE: Oil prices rose in Asia Friday as dealers reacted to a surprise Islamist attack on Libya's main oil terminals that left 22 soldiers dead. US benchmark West Texas Intermediate for February delivery rose 28 cents to $56.12 in mid-morning trade, while Brent for February gained 13 cents to $60.37.Trading volumes in Asia were thinner than usual with major regional financial markets including Hong Kong and Australia closed on Friday. US and European stock markets will also be shut for the Boxing Day holiday. The attack in Libya's oil-rich region on Thursday, saw militiamen belonging to the Fajr Libya, or Libya Dawn, target Al-Sidra port by firing rockets from speedboats, setting an oil tank on fire, security forces said. Soldiers damaged three of the vessels before clashes in which the militants were eventually repelled.Witnesses said the attack was launched overnight, and reported seeing smoke from the burning oil tank.Military and ...

Middle East Crude-Steady amid thin trade SINGAPORE: The Middle East crude market held steady on Wednesday amid thin trade due to the holiday season.Shell bought two February Dubai partials from Chinaoil at $57.40 and $57.30 a barrel, respectively. Trafigura bought an April partial from Shell at $59 a barrel.For Russian grades, Rosneft sold two of three ESPO cargoes via a tender to JX Nippon and Shell at about $3 a barrel above Dubai quotes, traders said, steady levels compared with an ...
Oil prices slip in Asian trade SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic growth report. US benchmark West Texas Intermediate for February delivery fell 46 cents to $56.66, while Brent crude for February eased 49 cents to $61.20 in afternoon trade.The US Commerce Department said Tuesday the world's largest economy grew at a spectacular five percent for the third quarter, the best growth rate ...
Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic growth report. US benchmark West Texas Intermediate for February delivery fell 34 cents to $56.78, while Brent crude for February eased 31 cents to $61.38 in mid-morning trade.The US Commerce Department said Tuesday the world's largest economy grew at a spectacular five percent for the third quarter, the best growth rate ...
Oil prices slide after early gains on hopes of firm US data SINGAPORE: Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday.Front-month U.S. WTI crude futures rose over a dollar to a session high of $56.85 a barrel before dipping back to $55.67 at 0745 GMT. Brent crude was up 9 cents at $60.20 a barrel.Analysts said expectations of firm U.S. economic data later in ...
Middle East Crude-Chinaoil sells seventh Upper Zakum cargo to Shell  SINGAPORE: Cash Dubai in the Middle East crude market remained under pressure from sales by Chinaoil, the trading arm of PetroChina, during the trading window on Tuesday.Chinaoil will deliver a seventh Upper Zakum cargo to Shell after sales of 20 Dubai partials, traders said.Chinaoil also bought three Oman partials from Shell during the window which narrowed the Oman-Dubai spread, one trader said.Asia's trading focus shifted to Russian ESPO which has recently traded at around $3 ...
Asia-Pacific Crude-Floating storage seen more likely SINGAPORE: The Asia-Pacific spot crude market was supported by limited arbitrage inflows and robust demand on Tuesday.But a widening futures contango has prompted some traders to request to lease vessels for storage, as large-scale storage at sea looks to become profitable for the first time since the financial crisis more than five years ago, industry sources said.The economics for storing crude at sea have mostly remained unfavorable, but the spread between Brent first and second ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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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