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Brent holds above $111 as tensions over Ukraine crisis rise SINGAPORE: Brent crude held above $111 on Tuesday, at its highest levels since the end of last year, as tensions over Russia's military intervention in Ukraine rattled global markets and stoked fears of energy supply disruption to Europe. US oil hit a 5-1/2-month high on Monday after Russia invaded Ukraine's autonomous Crimea region at the weekend, and the United States and the European Union have threatened sanctions if Moscow does not withdraw its troops. April Brent crude edged down 3 cents to $111.17 a barrel by 0349 GMT after closing the previous session at its highest since Dec. 27. US crude for April delivery was at $104.67, down 25 cents, hovering near its highest since Sept. 20. "The major support at the moment is the situation in Ukraine and the risk to European gas supply," said Ric Spooner, chief analyst at CMC Markets in Sydney. "There is a collective market ...

Oil prices surge as Ukraine mobilises army SINGAPORE: Oil prices surged in Asian trade Monday as Ukraine's Western-backed government mobilised the army with Russia poised to invade.New York's main contract, West Texas Intermediate (WTI) for April delivery, gained $1.14 to $103.73 in afternoon trade, and Brent North Sea crude for April jumped $1.62 to $110.69.Lawmakers in Moscow voted Saturday to allow President Vladimir Putin to send troops into Crimea, a predominantly Russian-speaking peninsula in the southeast of Ukraine following the ouster of ...
Russia Feb oil output down to 10.58mn bpd MOSCOW: Russian oil production fell to 10.58 million barrels per day in February from 10.62 million barrels per day a month earlier, Energy Ministry data showed on Sunday. In tonnes, Russian oil output reached 40.407 million in February, versus 44.903 million in January. Russian gas production in February was at 57.780 billion cubic metres, or 2.06 billion cubic metres per day, versus 2.12 billion cubic metres in January. Saudi Arabia, the world's second-largest oil producer ...
TonenGeneral Kawasaki cracker on fire, refining normal elsewhere TOKYO: Japanese oil refiner TonenGeneral Sekiyu KK said several workers were injured when a fire broke out on Saturday in the residue hydrocracking unit of its Kawasaki plant near Tokyo, but that other refining units were operating normally. The fire originated from the reactor of the 31,000 barrel per day hydrocracking unit during cleaning work at around 0440 GMT, the company said in a statement. The unit, which processes low-priced heavy oil into lighter products ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.New York's main contract, West Texas Intermediate (WTI) for April delivery, eased 42 cents to $101.98 in afternoon trade, while Brent North Sea crude for April slid 19 cents to $108.77.WTI fell 19 cents while Brent slid 56 cents in closing deals Thursday.US data Thursday showed first-time claims for unemployment insurance benefits, a ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.New York's main contract, West Texas Intermediate (WTI) for April delivery, eased 36 cents to $102.04 in mid-morning trade, while Brent North Sea crude for April slid nine cents to $108.87.WTI fell 19 cents while Brent slid 56 cents in closing deals Thursday.US data Thursday showed first-time claims for unemployment insurance benefits, a ...
Sinopec shares outperform sluggish China market HONG KONG: Chinese state oil giant Sinopec outperformed a sluggish mainland stock market on Thursday, after Beijing increased fuel prices and hopes remained that a coming annual parliamentary session will push ahead reforms in state-run enterprises. China Petroleum and Chemical Corp (Sinopec) soared 6.7 percent to a 10-month high in Shanghai, helping the Shanghai Composite Index finish up 0.3 percent at 2,047.4 points. The CSI300 of the largest Shanghai and Shenzhen A-share listings slipped 0.4 ...

 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
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Arrow S&P 1,978.91 0.03
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Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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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