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Asia-Pacific Crude-Ruby stronger; Brent-Dubai gap at 3-1/2 month high SINGAPORE: January spot premiums for Vietnam's Ruby crude edged higher on stronger demand as a slump in the Asia-Pacific crude market appeared to have bottomed, traders said on Thursday.PV Oil, the marketing arm of PetroVietnam, sold two 300,000-barrel cargoes of Ruby loading Jan. 8-14 and Jan. 22-28 to Vitol and SK Energy at 50-70 cents a barrel above dated Brent. The deals could not be independently verified.The medium sweet grade was last month sold at between a discount of 20 cents a barrel and a small premium, according to Reuters data.Brent's premium to Dubai swaps rose to a 3-1/2 month high, making Asia-Pacific grades less attractive compared to Middle East grades.The spread began widening last month after hovering between $1 and $1.40 since mid-August. On Thursday, Brent-Dubai Exchange of Futures for Swaps (EFS) widened 23 cents to $2.05 a barrel.The premium for Russia's Sokol held steady after Rosneft sold three ...

Iran to talk hold market share talks with Saudi at OPEC DUBAI: Iran's oil minister said on Thursday he will hold talks with top oil exporter Saudi Arabia about market share when OPEC members meet next week in Vienna as Tehran aims to boost its oil exports after the lifting of sanctions imposed over its nuclear programme."The countries in the south of the Persian Gulf are interested in keeping their market share and a decrease in market share will be difficult," Iran Oil Minister Bijan Zanganeh ...
Oil prices rise in Asian trade SINGAPORE: Oil prices edged higher in Asia Thursday but gains were capped as dealers expect Gulf members of the OPEC cartel to reject production cuts unless they are guaranteed market share, analysts said.US benchmark West Texas Intermediate for December rose 12 cents to $74.70 while Brent crude for January was up 17 cents at $78.27 in afternoon trade. "The market is keenly watching the outcome of the OPEC meeting next week," said Sanjeev Gupta, head ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Thursday as dealers anticipated Gulf members of the OPEC cartel to reject production cuts unless they are guaranteed market share, analysts said.US benchmark West Texas Intermediate for December fell 12 cents to $74.46 while Brent crude for January was down four cents at $78.06 in mid-morning trade. "The market is keenly watching the outcome of the OPEC meeting next week," said Sanjeev Gupta, head of the Asia-Pacific oil and ...
Asia-Pacific Crude-China demand supports Pyrenees SINGAPORE: January spot premium for heavy sweet Pyrenees rose in the Asia-Pacific crude market on Wednesday from the previous month on firm demand from China.Apache sold a cargo to ChemChina at about $3 a barrel above dated Brent, traders said. This was against a premium of $2 in the previous month, one of the traders said. The deal could not be independently verified.Traders await more tender results to gauge demand for January-loading cargoes.SK Energy and ...
Oil prices mixed as hopes dim for OPEC output cut SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will resist pressure from other OPEC members to cut output in order to prop up falling prices. US benchmark West Texas Intermediate for December delivery fell 44 cents to $74.17 while Brent crude for January rose eight cents to $78.55 in afternoon trade."The focus at the moment is on Saudi Arabia and whether it will succumb to pressure from ...
Oil prices mixed as hopes dim for OPEC output cut SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will resist pressure from other OPEC members to cut output in a bid to prop up falling prices. US benchmark West Texas Intermediate for December delivery fell 20 cents to $74.41 while Brent crude for January rose 10 cents to $78.57 in late-morning trade."The focus at the moment is on Saudi Arabia and whether it will succumb to pressure ...

 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
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Arrow FTSE 6,940.64 0.09
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Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln