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Brent holds near $110 on Ukraine, forecast US stockpile gain weighs SINGAPORE: Brent futures held near a six-week high above $110 a barrel on Tuesday on worries a pact to calm tensions in Ukraine was faltering, although expectations of a gain in US crude stockpiles weighed on prices. US and European officials say they will hold Russia responsible and impose new economic sanctions if separatists do not leave government buildings they have occupied across swathes of eastern Ukraine. While the region is not key to global oil supplies, investors are worried that tensions between Russia and the west could worsen. Brent crude fell 12 cents to $109.83 a barrel by 0309 GMT, not far from a six-week high of $110.36 touched last week. US slipped 12 cents to $104.25. "The market is losing momentum a bit, but overall is in a holding pattern," said Tetsu Emori, a commodity fund manager at Astmax Investment."It is difficult to take fresh positions as factors ...

Oil prices ease in Asian trade SINGAPORE: Oil prices dipped in Asian trade Tuesday, but the losses were limited by lingering concerns about the crisis in Ukraine, analysts said.New York's main contract, West Texas Intermediate for May delivery, was down 10 cents at $104.27 a barrel in mid-morning trade while Brent North Sea crude for June declined 11 cents to $109.84.Tan Chee Tat, investment analyst at Phillip Futures in Singapore, said continued tensions in Ukraine are keeping prices "at high levels"."There ...
India's 2013/14 fuel demand growth slowest in over a decade NEW DELHI: India's local fuel sales increased at their slowest pace in more than a decade in the year to March, reflecting the sluggish growth of its economy and manufacturing activity.India's economic growth has almost halved to below 5 percent in the past two years on weak investments and consumer demand, the worst slowdown for the south Asian nation since the 1980s.Local oil product sales, a proxy for oil demand in the world's fourth-largest oil ...
China's March crude imports from Iran up 36.1pc y/y BEIJING: China's March crude oil imports from Iran rose more than a third from a year ago, keeping imports in the first three months of 2014 close to the levels seen before Western sanctions were applied more than two years ago.China's intake from Iran in March rose 36.1 percent to 555,182 barrels per day (bpd), customs data showed on Monday, in keeping with the rise in exports from the OPEC member after the November nuclear ...
China's March crude imports from Iran up 36pc BEIJING: China's March crude oil imports from Iran were 2.36 million tonnes, or 555,182 barrels per day, up 36.1 percent from the same month last year, customs data showed on Monday.On a daily basis, the March imports climbed 0.5 percent from February's 552,613 bpd.Copyright Reuters, 2014 ...
Oil prices down in quiet Asian trade SINGAPORE: Oil prices eased in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said. New York's main contract, West Texas Intermediate for May delivery, dipped 13 cents to $104.17 in afternoon trade and Brent North Sea crude for June eased 42 cents to $109.11 a barrel.Desmond Chua, market analyst at CMC Markets in Singapore, said trading volumes are thin owing to the ...
Brent dips towards $109 after steep gains, Ukraine supports SINGAPORE: Brent futures dropped towards $109 a barrel on Monday as investors took profits after steep gains, but uncertainty surrounding the crisis in Ukraine kept limited the decline. Russia and world powers reached an agreement designed to avert a wider conflict over Ukraine, but the viability of the deal was bought into question with at least three people killed in a gunfight.Oil and broader financial markets are watching the unfolding crisis that has already made ...


Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln