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Asia-Pacific Crude-February cargoes still unsold SINGAPORE: The Asia-Pacific crude market remained under pressure on Friday with some Malaysian cargoes for February-loading still unsold amid weak appetite from refiners.Sellers were still showing Kikeh and Kimanis cargoes due to load in February in the market, traders said. February Kimanis was earlier sold at about $3.50 a barrel above dated Brent.Australia's Woodside sold a cargo of heavy sweet Vincent crude at around $1.80-$1.90 a barrel above dated Brent, traders said, roughly in the same range as the previous month. The buyer was not known and the deal could not be independently verified.Brent-Dubai Exchange of Futures for Swaps (EFS), or Brent's premium to Dubai swaps, narrowed 16 cents to $1.94 a barrel.TENDERSIndian Oil Corp bought a cargo of Cabinda and one of Agbami in a tender, a trader said.MARKET NEWSA new crude blend from Venezuela made with its extra heavy output and Algerian oil has started arriving in the ...

Middle East Crude-Oman, Qatar Marine under pressure SINGAPORE: Oman continued to weaken in the Middle East crude market on Friday, weighed down by a supply glut and poor demand from refiners entering maintenance season.Spot differentials for Qatar Marine may come under pressure after the Gulf Arab state set the official selling price (OSP) for the grade largely unchanged against Dubai crude.Qatar set its December retroactive OSP for its Marine crude at $58.25 a barrel. The price puts the discount for Qatar Marine ...
India sees fuel sale losses down on weak crude prices NEW DELHI: India expects falling crude prices to cut its revenue losses on fuel sales to 770 billion rupees ($12 billion) in the current fiscal year ending March, from an earlier estimate of 850 billion rupees, Oil Secretary Saurabh Chandra said on Friday.State-owned oil companies sell crude and refined products to state refiners at discounted rates to partly compensate them for losses on fuel sales at regulated prices.Chandra said revenue losses could go down further ...
Oil prices up in Asia SINGAPORE: Oil prices rose in Asia Friday after recent heavy falls, but analysts said the upturn is not likely to be very strong owing to excessive global supplies.US benchmark West Texas Intermediate for February delivery was up 44 cents at $49.23 a barrel in late-morning trade and Brent crude for February gained 31 cents to $51.27. Brent on Wednesday briefly slipped below $50 for the first time since 2009.Confidence was given a much-needed boost by ...
SE Asia Stocks: Thai at two-week high; Malaysia snaps losses BANGKOK: Thai shares hit a more than two-week high on Thursday as PTT rallied on positive earnings prospects after the government raised the wholesale price of liquefied petroleum gas (LPG), while other Southeast Asian markets rose in line with broader Asia.Asian stocks rose on Thursday after upbeat US employment data and a halt to a slide in oil tempered investor risk aversion.The Thai SET index rose 1.4 percent to 1,521.62, its highest close since Dec. ...
Brent bounces around $51 as traders fish for bottom SINGAPORE: Brent bounced around $51 a barrel on Thursday as bulls and bears tugged at both ends in their search for a bottom in the second-biggest price rout on record.Oil halted a four-session decline on Wednesday after U.S. crude stockpiles unexpectedly dropped last week and as data showed that the U.S. economy remained resilient amid slowing global growth. Prices were also supported by Chinese crude imports likely hitting a record high in December.Brent crude hit ...
Thailand sets LPG wholesale price at $488 a tonne from Feb 2 BANGKOK: Thailand's military-backed government has set the wholesale price of liquefied petroleum gas (LPG) at $488 a tonne from Feb. 2, up from the previous regulated price of $333, as part of its closely watched energy reform.The government is also considering adjusting prices in the future to reflect actual costs, energy minister Narongchai Akarasanee told reporters after meeting with the energy policy committee.State-controlled PTT PCL, the country's main gas supplier, has shouldered losses from fuel ...


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln