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Middle East Crude-Dubai down, Chinaoil turns seller SINGAPORE: Cash Dubai weakened in the Middle East crude market on Tuesday after Chinaoil sold 25 partials during Platts' price assessment process.The trading arm of PetroChina turned into a seller this month after a bull play in October.Chinaoil bought partials from Shell and Mercuria mostly at $62.40-$62.45 a barrel, traders said. It will deliver an Upper Zakum cargo to Shell, they said.Iraqi Basrah Light crude remained competitive after SOMO cut its January OSP to the lowest in at least 10 years to minus $4.00 a barrel versus the Dubai/Oman average from minus $2.50 a barrel in December.SOMO was less aggressive in its pricing this month, a trader said, as Basrah's price gap with Saudi Arab Medium narrowed to 55 cents from 90 cents a month earlier.Saudi Arabia, the world's top crude exporter, will keep supplies at full contracted volumes for Asian term buyers in January, industry sources said on Tuesday.BHP ...

Asia-Pacific Crude-High freight rates support; PTT buys regional SINGAPORE: The Asia-Pacific crude market found some support after Thailand's PTT bought regional crude in a monthly tender rather than arbitrage grades.PTT bought two 300,000-barrel cargoes of Malaysian grades Kikeh and Kidurong in a tender for delivery to its IRPC refinery in early February. The company also bought 650,000 barrels of Australian Cossack crude from BP in the same tender.The Thai company has previously bought cargoes from Algeria and Azerbaijan for the IRPC refinery, but ...
Japan LNG spot price falls to $14.40/mmBtu in Nov TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers fell in November after two straight months of rises, the government said on Tuesday, as faltering demand in Asia combined with rising supply from countries including Australia and Russia.Asian LNG buyers face the prospect of lower import costs over winter for the first time since the Fukushima nuclear disaster in 2011 due to rising supplies.Spot LNG contracted in November for delivery to Japan averaged $14.40 ...
Middle East Crude-OSP cuts, winter to support Feb light grades SINGAPORE: Light grades stayed supported in the Middle East crude market on Monday as winter demand and slight reductions in official selling prices (OSPs) underpinned differentials for cargoes loading in February."OSPs were mostly cut and prompt demand is still good because of prompt margins," a trader with a North Asian refiner said.Demand for Middle Eastern and Russian oil rose in Asia as arbitrage windows for crude produced in Africa, Europe and the Americas shut after ...
Tanzania seeks over 250,000 T oil products for Feb SINGAPORE: Tanzania's oil importers are seeking over 250,000 tonnes of oil products for delivery in February, about 9 percent more than what they bought in their previous industrial tender, traders said on Monday.The Petroleum Importation Coordinator, which represents oil marketing companies in the east African nation, is seeking 166,607 tonnes of 50 ppm sulphur diesel, 71,858 tonnes of 10 ppm sulphur gasoline, 15,065 tonnes of jet fuel and 1,150 tonnes of kerosene.The gasoline, jet fuel ...
Asia-Pacific Crude-Russian Sokol premium falls SINGAPORE: Spot differentials for Russia's Sokol grade fell in the Asia-Pacific crude market following higher production.ONGC sold 700,000 barrels of Sokol loading Feb. 1-7 in a tender to SK Energy at $2.60 a barrel above Oman/Dubai quotes, traders said.That is equivalent to about $3 a barrel above Dubai quotes, down by more than half from a year ago and the lowest premium since Dec. 2011, when Reuters' record started.Nine or ten Sokol cargoes could be ...
Bangladesh finalises gasoil and fuel oil imports for 2015 DHAKA: Bangladesh Petroleum Corp (BPC) has finalised imports of 2.5 million tonnes of gasoil and 840,000 tonnes of fuel oil with 10 suppliers for 2015, two company sources said on Monday.State-owned BPC imported 2.85 million tonnes of gasoil and 860,000 tonnes of fuel oil in 2014.For the first half of 2015, BPC has already negotiated lower premiums for the oil products than the current six month period after concluding negotiations with 10 companies, including two ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln