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Asia-Pacific Crude-Steady; Vietnam tenders eyed SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with traders awaiting the results of a few tenders to gauge market direction for March-loading cargoes.In lack of obvious supply or demand triggers, March spot differentials were expected to be largely in line with the previous month.PV Oil offered 300,000 barrels of Te Giac Trang loading over March 27-31 in a tender that closes on Jan. 16. The marketing arm of PetroVietNam also offered 200,000-500,000 barrels of Su Tu Den for March-loading in a tender that closes on Jan. 14.A third tender by PV Oil to sell three 300,000-barrel cargoes of Chim Sao loading over March 2-6, March 13-17 and March 24-28 closed on Monday. Bids are valid until Jan. 16.Medium sweet Vietnamese grades, often used for direct-burning by Japanese utilities, found some support last month by winter heating demand.A February Kikeh cargo may have been sold at $4.80-$5.30 a barrel ...

Middle East Crude-Steady ahead of al-Shaheen tender SINGAPORE: The Middle East crude market held steady on Tuesday before the close of a monthly Qatari al-Shaheen tender which will kick off trade for March-loading cargoes this month.Tasweeq offered three cargoes of the heavy sour crude for loading in March, one more than the previous month, in a tender to close on Wednesday, traders said.The grade could trade again at a discount on ample supply, they said, although the narrowest fuel oil crack to ...
Asia Fuel Oil: Fuel oil crack up to more than 2-1/2 year high  SINGAPORE: Fuel oil cracks against Dubai crude rose to their highest in more than 2-1/2 years on Tuesday, as sellers held firm to prices and resisted tracking the flat price drop in crude oil prices on Tuesday.The loss, stemming from refining crude to produce fuel oil, narrowed to $3.41 a tonne as at 0945 GMT, the most since July 5, 2012."Brent fell more than $2 a barrel, while fuel oil is only down by $8 ...
Oil prices plunge again as UAE defends holding production SINGAPORE: Oil prices continued their rout on Tuesday with Brent crude and US WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market. Oil prices have fallen 60 percent from their 2014 peaks hit in June in a rout that has seen a collapse of more than 36 percent in the past seven weeks. ...
Petronas sets January crude price factor at $5.30/bbl SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for January at $5.30 per barrel, up 50 cents from the previous month, a source with direct knowledge of the matter said on Tuesday. Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective January last year. Copyright Reuters, 2015 ...
US oil to drop to $44.65 SINGAPORE: US oil is expected to drop to $44.65 per barrel, as it has broken a support at $46.71.The support was at the 161.8 percent Fibonacci projection level of downtrend that developed from the Dec. 1, 2014 high of $69.54.The next support will be at $44.65, the 176.4 percent level, a break below which will lead to a further loss to $43.24, the 186.4 percent level.A sudden surge above $46.71, now a resistance, may be ...
Brent oil to fall to $45.88 SINGAPORE: Brent oil is expected to drop more to $45.88 per barrel, driven by a wave 5.This is the fifth wave of a powerful wave (3) that started at the Dec. 23, 2014 high of $62.14. Given that the third wave labelled 3 is slightly longer than the first wave, the wave 1, the wave 5 may extend a lot.A Fibonacci projection analysis based on the length of the wave 1 reveals an immediate target ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln