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Brent edges up to $62.35 after earlier crash in volatile trade SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data.Brent futures fell to near $60 per barrel after the IEA forecast further price falls and OPEC's chief on Sunday defended the group's decision not to cut its output target, and although prices picked up later in volatile trading on Monday, most analysts were cutting their outlooks."Oil prices may move below $60 per barrel in the near term," Barclays Bank said although it added that "this is not sustainable in the long run, as it would place considerable strain on the cost curve of the unconventional supply system required to meet demand requirements in 2016 and 2017."Barclays said it therefore expected Brent to average $67 per barrel in the first half of 2015 ...

Middle East Crude-Spot differentials improve amid Christmas rush  SINGAPORE: Spot differentials in the Middle East crude market continued to improve as refiners, keen to conclude buying for February cargoes before the Christmas holiday, were lured by lower official selling prices (OSP).Qatar Marine flipped into a premium of around 30 cents a barrel to its OSP, a trader said. The medium heavy grade was last month mostly sold at discounts of 30-50 cents a barrel.A South Korean refiner bought a cargo of Abu Dhabi's ...
Asia-Pacific Crude-Kimanis premium edges higher SINGAPORE: Spot premium for Malaysia's new Kimanis grade ticked higher in the Asia-Pacific crude market on Monday, even as supplies increase and most buyers remained in the dark about the exact quality of the grade.Regional grades could find some support as inflows of Atlantic basin cargoes were limited by high freight rates and an expected tightness of sweet grades in the Mediterranean following supply disruptions at Libya's two biggest oil export ports.Petroleum Brunei sold 600,000 ...
Iran imports gasoil after months, but unlikely to continue SINGAPORE: Iran resumed gasoil imports this quarter after a gap of several months on rising consumption of heating oil during winter, but the arrivals are unlikely to continue as the demand is only seasonal, industry sources said on Monday.Iran's imports are expected to have a muted impact on Asian gasoil margins as the volumes are too small and they come at a time when the region is flooded with supply from new capacity in the ...
Brent rises above $62.50 after earlier crash in volatile trading SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the IEA cut its outlook and then rose on hopes of improving manufacturing data. In early trading, Brent futures fell to near $60 per barrel after the International Energy Agency forecast further price falls and OPEC's chief defended the group's decision not to cut its output target. Analysts said that oil markets were oversupplied ...
Oil prices rebound in Asia SINGAPORE: Oil prices bounced back in Asia Monday on hopes of upbeat global manufacturing data to be released later this week, but remained near five-year lows after plunging more than 50 percent since June. US benchmark West Texas Intermediate rose 49 cents to $58.30 while Brent gained 68 cents to $62.53 in afternoon trade, reversing losses in both contracts in early trading. "With preliminary manufacturing purchasing managers' index (PMI) data scheduled for release this week, ...
Brent gives up some gains, heads toward $62 in volatile trade SINGAPORE: Brent crude gave up some of its gains and dropped towards $62 a barrel on Monday in volatile trading, which saw prices fall to a 5-1/2 year low after the IEA cut its outlook and then rise more than a dollar on hopes of improving manufacturing data.Brent for January delivery was at $62.05 a barrel at 0425 GMT, up 20 cents from its Friday's settlement but 90 cents below the intra-day high of $62.95 ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln