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Oil prices down on easing Middle East supply concerns SINGAPORE: Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebbing fears about fighting in major producer Iraq also weighed, analysts said.US benchmark West Texas Intermediate for August delivery dipped 11 cents to $103.42 while Brent crude was down 19 cents at $110.05.Singapore's United Overseas Bank said prices remained under pressure as "fears of supply disruptions out of Libya and Iraq abated". Oil prices have tracked lower since Wednesday when Libya's interim Prime Minister Abdullah al-Thani said authorities had regained control of two export terminals blockaded by rebels. The ports at Ras Lanuf and Al-Sidra could add about 500,000 barrels of crude per day to global energy markets, analysts have said. The sites are also thought to have up to 10 million barrels of oil in storage that could be released.Easing concerns over a possible supply disruption in crisis-stricken Iraq are also ...

Brent falls to near $110, heads for 7th straight loss SINGAPORE: Brent crude edged towards $110 a barrel on Tuesday, trading close to its lowest in nearly a month, as fears of supply disruption in Iraq eased and prospects for a rise in Libyan exports improved. The benchmark is headed for a seventh straight session of losses, the longest-losing streak since October 2012. Brent is down nearly 5 percent since the Iraq crisis drove prices to a nine-month high of $115.71 in June.August Brent crude ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Monday as dealers balance easing concerns about the militant insurgency in Iraq with upbeat sentiment about US demand following strong jobs data, analysts said. US benchmark West Texas Intermediate for August delivery eased 12 cents to $103.94 while Brent crude rose nine cents to $110.73 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore, said oil prices "continue to track lower as Iraq's production remains unaffected ...
India Essar says 400,000 bpd refinery running at half capacity NEW DELHI: India's Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capacity due to repair works at a pipeline linked to its crude unit, a company spokesman said.The reduced throughput took place on Saturday and the refinery is expected to resume full operations by Wednesday or Thursday, he said.Copyright Reuters, 2014 ...
US oil still targets $103.24 SINGAPORE: A bearish target at $103.24 per barrel remains unchanged for US oil, as indicated by a Fibonacci retracement analysis.The depth and the duration of the fall from $107.73 indicate this fall is against the longer uptrend from the May 1 low of $98.74, instead of the short one from the June 5 low of $101.60.A Fibonacci retracement analysis on the long trend reveals oil has broken below a support at $104.30, the 38.2 percent ...
Brent trades near 3 week low just above $110; Libya could boost supply SINGAPORE: Brent crude prices hovered near a three-week low just above $110 a barrel on Monday, hurt by a potential rise in oil supply as Libya gears up to resume exports from two ports that have been closed for nearly a year. The benchmark dropped 2.3 percent last week, its biggest weekly decline since early January, on the Libyan news. Brent is about $5 a barrel below its highest point this year - marked in ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Friday as profit-taking set in after rallying in response to a strong US jobs report, while dealers consider the prospect of an influx of Libyan crude into global markets, analysts said.US benchmark West Texas Intermediate for August delivery eased 11 cents to $103.95 while Brent crude rose five cents to $111.05. On Thursday the Labor Department said the US economy added 288,000 jobs in June, well above expectations ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln