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India's Jan-June Iran oil imports climb by a third: trade NEW DELHI: India's crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran's nuclear activity and ease Western sanctions.India, Iran's top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter, partly to make up for deep cuts in 2013 due to the lack of insurance coverage for refineries processing Iranian oil.Intake rates have eased off since but are still running significantly higher than last year. Indian refiners shipped in 281,000 barrels per day (bpd) of oil from Iran between January and June, up from 211,400 bpd in the same period a year ago, data on tanker arrivals from trade sources shows.In June, imports from Iran dropped by about a quarter from May to 167,300 bpd, the ...

Asia Pacific crude trade slows as excess African supply weighs SINGAPORE: Sweet grades were slow to move in the Asia-Pacific crude market on Wednesday, depressed by the prospect of excess African supply heading to the east.As much as 50 million barrels of African crude remained unsold for July-August loading, a trader said, as weak demand caused the overhang.High freight costs for Suezmaxes have also deterred Asian buyers from snapping up the much-depressed African oil where premiums have slipped to multi-year lows.But regional sweets will remain ...
Oil extends losses in Asian trade SINGAPORE: Oil prices extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict that has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 39 cents at $102.00 ...
Brent holds steady above $107; US oil stocks in focus SINGAPORE: Brent crude nudged lower but held above $107 a barrel on Wednesday, with a global oil glut keeping prices in check despite geopolitical tensions threatening supplies from key oil producing regions. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in ...
Oil extends losses in Asian trade SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict which has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 34 cents to $102.05 ...
Brent oil signals mixed SINGAPORE: Signals are mixed for Brent oil and will be clearer only when the contract leaves a neutral range of $107.06-$108.71 per barrel.The range has been formed by the 23.6 percent and the 38.2 percent Fibonacci retracements on the fall from the June 19 high of $115.71 to the July 15 low of $104.39.The rebound from this low could be too brief to complete, in view of the length of the preceding uptrend. However, the ...
Brent holds above $107; focus on Ukraine, US stockpiles SINGAPORE: Brent crude held steady above $107 a barrel on Tuesday, supported by escalating geopolitical tension over Ukraine and expectations of large draws in U.S. oil stockpiles.Speculators mostly kept to the sidelines, with light volumes across most risk assets including oil, but the risks in oil prices seemed to point towards gains, with the possibility of new Western sanctions on Russia, the world's top crude producer."There is a lot of tough talk going on at ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln