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Brent slips below $109 on China data; supply concerns cap SINGAPORE: Brent futures slipped below $109 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the falls. The sharp drop in exports stoked oil demand-growth worries as it followed a series of factory surveys since the start of 2014 that points to weakness in economic activity. Most risk assets, including Asian shares and base metals, also fell due to the weak numbers. Brent crude declined 34 cents to $108.66 a barrel by 0238 GMT, snapping two straight days of gains. US fell 14 cents to $102.44, after touching a high of $102.82. It settled up $1.02 on Friday. "Oil pulled back because of the latest data from China despite continuing tensions over Ukraine," said Victor Shum, vice-president of energy consultancy IHS Energy Insight. "The ongoing situation ...

Oil prices ease on weak Chinese trade data SINGAPORE: Oil prices eased in Asian trade Monday as weak Chinese trade data stoked concerns over demand in the world's top energy consumer, analysts said. New York's main contract, West Texas Intermediate for April delivery, was down nine cents at $102.49 in mid-morning trade. Brent North Sea crude for April was down 41 cents at $108.59.Asian markets are digesting Chinese official figures released Saturday that showed the world's second biggest economy recorded an unexpected $22.98 ...
Brent steady below $108 after sliding on easing Ukraine risk, demand worries SINGAPORE: Brent crude held steady just below $108 a barrel on Thursday, as investors looked for direction after easing geopolitical risk over the crisis in Ukraine and U.S. data suggesting weaker oil demand prompted a heavy sell-off over the past two days.Oil prices have fallen between $4 and $5 a barrel since spiking on Monday due to the threat of an armed conflict in Ukraine and tension between Russia and the West over the former ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday on data showing weaker US energy demand as Russia comes under international pressure following its seizure of Ukraine's Crimea peninsula.New York's main contract, West Texas Intermediate (WTI) for April delivery, fell 33 cents to $101.12 in mid-morning trade, while Brent North Sea crude for April rose 20 cents to $107.96.Kenny Kan, market analyst at CMC Markets in Singapore, said an increase in weekly crude inventories in ...
China's CNPC to open six business areas to private investors BEIJING: China National Petroleum Corporation (CNPC) plans to open six business areas to private investors, its chairman said on Wednesday, two weeks after peer Sinopec Corp opened up its retail oil business to non-state partners. Beijing is pushing its state-owned behemoths in sectors such as energy and telecommunication to become more efficient by bringing in non-state investors. Chairman Zhou Jiping said CNPC, the country's largest energy group, will seek joint investment from non-state sectors to ...
Japan's Cosmo cuts March crude refining by 7pc TOKYO: Japanese refiner Cosmo Oil Co said on Wednesday that it cut the amount of crude it plans to refine in March by 7 percent amid slowing domestic demand. The company plans to refine 440,000 barrels per day (2,168,000 kilolitres) this month, down from an earlier plan of 475,000 bpd (2,343,000 kl), the company said in a statement, adding it would try hard to export gas oil to offset domestic demand. The company also said ...
Oil prices mixed as Ukraine fears recede SINGAPORE: Oil prices were mixed in Asia Wednesday as fears of an immediate armed conflict in Ukraine receded, but analysts said the presence of Russian-backed troops in the Crimean peninsula continue to support prices. New York's main contract, West Texas Intermediate (WTI) for April delivery, rose 10 cents to $103.43 in afternoon trade, while Brent North Sea crude for April eased 14 cents to $109.16.WTI fell $1.59 in New York Tuesday after Russian President Vladimir ...

 



 
Index Closing Chg%
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Arrow S&P 1,925.15 0.29
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Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln