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Asia-Pacific Crude: High shipping costs support; Vityaz steady SINGAPORE: Differentials in the Asia-Pacific crude market were supported by high costs of shipping arbitrage cargoes to the region, but upside was limited by still weak demand when trading for February cargoes gains pace next week, traders said on Friday. Spot differentials for Russia's Vityaz grade held steady, after Sakhalin Energy sold two February-loading to customers in China at about $1.50 a barrel above Dubai quotes, a trader said. Last month, the light sweet grade was sold at around the same level. Sakhalin Energy is expected to issue a Vityaz tender early next week. International Energy Agency (IEA) on Friday cut its outlook for global oil demand growth for 2015 by 230,000 barrels per day (bpd) to 0.9 million bpd on expectations of lower fuel consumption in Russia and other oil-exporting countries. Brent crude slipped as low as $62.90 a barrel to its lowest since July 2009 on Friday.Brent-Dubai Exchange ...

Middle East Crude: Brisk demand support spot differentials SINGAPORE: Spot differentials for February-loading cargoes in the Middle East crude market rose on Friday amid brisk demand after producers slashed official selling prices (OSP), traders said.The premium for Abu Dhabi's flagship Murban grade rose to 30-40 cents a barrel to its OSP, up from a premium of 22 cents earlier this week, traders said. The grade traded close to parity for January.Das Blend rose to a premium of 50-60 cents a barrel to its ...
China's power output decelerates for third month in Nov SHANGHAI: China's power generation, a bellwether for the country's economic activity, rose 0.6 percent in November from a year before, with the pace of growth decelerating for the third month as manufacturing activity slackened.However, total electricity output of 448.7 billion kilowatt hours (kWh) in November marks a 0.92 percent gain from the preceding month, thanks to higher heating demand.Total power generation in the first 11 months of 2014 rose 3.9 percent from a year ago ...
China implied oil demand up 3pc on refinery runs BEIJING: China's implied oil demand in November gained around 3 percent from October to the strongest in two months, as refinery runs in the world's top energy consumer hit the second-highest level of on record.China consumed roughly 10.3 million barrels per day (bpd) of oil last month, according to Reuters calculations based on preliminary government data, the third straight month to break 10 million and up about 3.3 percent versus a year earlier.Demand from China, ...
Middle East Crude-Robust demand lifts light grades SINGAPORE: Light grades in the Middle East crude market fetched stronger differentials for February than the previous month, buoyed by robust demand, traders said on Thursday.Japanese refiner Fuji Oil bought a Murban cargo via a tender at a premium of 22 cents a barrel to its OSP, traders said. The Abu Dhabi flagship crude traded at close to parity for January.TonenGeneral was heard to have bought a February Das cargo at about 30 cents a ...
Asia-Pacific Crude-Lower refining margins, strong supply weigh  SINGAPORE: Spot differentials in the Asia-Pacific crude market are expected to stay unchanged or weaken slightly from last month, when trading for February cargoes gains pace next week, traders said on Thursday.Lower refining margins and stronger supply in Asia combined with competitive pricing for Middle East crude will likely weigh on regional grades."It's hard to see any upside with more supply coming," said a trader.Malaysia is ramping up production of its new Kimanis crude, while ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Thursday after falling sharply to fresh five-year lows in the previous session as OPEC cut its forecast for demand in 2015 and US stockpiles saw a surprise surge, analysts said. US benchmark West Texas Intermediate (WTI) for January delivery rose 44 cents to $61.38 while Brent crude for January was up 40 cents at $64.64 in afternoon trade.WTI tumbled $2.88 Wednesday while Brent lost $2.60 after the Organization of ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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