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Sinopec says to raise winter gas supply 11pc BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November through March to 8.4 billion cubic metres (bcm), up 11 percent from last year, to meet strong winter demand.China faced a severe gas shortage last year as consumption peaked during the winter months in the world's top energy user, compelling it to ration and suspend supply to some industries in order to guarantee sufficient stock for home and transport use.This year, the state-owned energy giant Sinopec expects its gas output to climb 8 percent on year to 20 bcm, it said in a statement, helped by supplies from main domestic conventional fields such as Zhongyuan and Sichuan as well as the newly started shale gas project at Fuling in Chongqing.Sinopec's increased output has partly been aided by China's gas price reform that aims to hike domestic prices of cleaner-burning fuel to bring them ...

Sinopec says to raise winter gas supply 11pc y/y BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November through March to 8.4 billion cubic metres (bcm), up 11 percent from last year, to meet strong winter demand. China faced a severe gas shortage last year as consumption peaked during the winter months in the world's top energy user, compelling it to ration and suspend supply to some industries in order to guarantee sufficient stock for home ...
Brent climbs above $62 as Asian markets open strong SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1 percent. Japan's Nikkei stock average erased early gains and was flat ahead of a Japanese public holiday, though Australian shares surged 1.6 percent. Brent climbed more than a dollar ...
CNPC, South Sudan in MoU to boost oil production BEIJING: China National Petroleum Co, or CNPC, has entered into an agreement with South Sudan to boost production of existing oilfields in the young African state, according to a report in China Petroleum New, a CNPC-run paper. Oil is the main source of cash for South Sudan, but output has dropped due to conflict and ageing fields. Fighting between rebels and the government has damaged some fields. CNPC's engineering and services team will work with ...
Asian shares take cue from Wall Street's rally TOKYO: Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1 percent. Japan's Nikkei stock average erased early gains and was flat ahead of a Japanese public holiday on Tuesday, though Australian shares surged 1.6 ...
Brent crude oil prices rise over $62 as Asian markets open strong SINGAPORE: Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan's Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday. Front-month Brent crude prices climbed more than a ...
US oil targets $36.74 in three months SINGAPORE: US oil may test support at $50.30 per barrel over the next three months, with a good chance of breaking below this level and falling further towards $36.74.Oil is riding on a powerful wave C which started at the June 20 high of $107.73. It has a fierce character, which has been proved by the sharp fall over the past few months.This wave extends a three-wave cycle that developed from the July 2008 high ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln