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US oil may fall to $52.10 SINGAPORE: US oil is expected to break a support at $53.37 per barrel and fall more to $52.10, as indicated by its wave pattern and a Fibonacci projection analysis.The support has been identified as the 114.6 percent Fibonacci projection level of a downward wave 3 which started at the Dec. 1 high of $69.54. It is the third wave of a five-wave cycle that started at the Nov. 21 high of $77.83.The next support will be at $52.10, the 123.6 percent level, a break below which will lead to a further loss to $50.04, the 138.2 percent level.A rise above $53.77 could be extended to $54.31.Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Brent oil may drop to $54.98 SINGAPORE: Brent oil may break a support at $57.62 per barrel and fall more to $54.98, as it has resumed its downtrend.The resumption has been confirmed by a fresh low at $57.37 which is lower than the Dec. 16 low of $58.50. Driven by a wave C, the trend has extended slightly below $57.62, the 214.6 percent Fibonacci projection level of this wave.The next support will be at $54.98, the 238.2 percent level. A drop ...
South Korea says to cut city gas rate by 5.9pc on average on Jan 1 SEOUL: South Korea's energy ministry said on Tuesday that it will lower retail prices of natural gas for household and business, dubbed 'city gas', on January 1, 2015 by 5.9 percent on average or lower than its original plan. The move comes to reflect weakening global gas prices, the ministry said in a statement. City gas price has a 2.06 percent weight on South Korea's consumer price index, statistics data shows. Earlier this month the ...
Vietnam index up 0.05pc, bargain hunting supports HANOI: Vietnam's benchmark VN Index was almost flat at the break on Tuesday, edging up just 0.05 percent as bargain hunting around a supportive level trimmed losses in some big caps.The index fell below a strong supportive level of 530 points in early trade before investors seeking cheap shares took their positions, while extended losses in global oil prices repelled appetite in energy stocks.Hanoi-based lender Vietcombank outperformed the market to rise 1.26 percent, while PetroVietNam ...
Brent drops towards 5-year low near $57, supply glut weighs SINGAPORE: Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libyan. However, forecasts for a 900,000-barrel drawdown last week in oil stocks in top consumer the United States, following a rise to highest recorded December level in the week ended on Dec. 19, checked losses in ...
Middle East Crude-DME Oman weakens in thin trade SINGAPORE: DME Oman weakened against Dubai in the Middle East crude market on Monday as trade for February cargoes wound down.Most cargoes traded at higher differentials this month as buyers were lured by lower official selling prices (OSPs) and refiners' profits were boosted by lower flat prices.Chinaoil bought a February Oman partial from Shell at $55.70 a barrel. It also sold a February Dubai partial to Shell at $55.65 a barrel.The result of a tender ...
Asia-Pacific Crude-Weak demand pressures market; Bunga Orkid lower SINGAPORE: The Asia-Pacific crude market came under pressure on Monday as refiners showed little appetite for February barrels which meant several cargoes from that month were overhanging the market.PV Oil sold 300,000 barrels of Bunga Orkid loading in February at around $2.50 a barrel above dated Brent, a trader said, slightly lower than last month when the medium sweet grade was traded at a premium of $2.50-$2.70 a barrel.The buyer was not known and the ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln