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Japan LNG spot price rises to $15.30/mmBtu in Oct TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers rose for a second straight month in October, the government said on Wednesday, as seasonal demand climbed with utilities stockpiling for the approach of winter in the Northern hemisphere.The gains are likely to prove shortlived as Asian buyers are facing the prospect of lower import costs for the first winter since the Fukushima nuclear crisis in 2011, with rising supplies helping to ease any shortages.Spot LNG contracted in October for delivery to Japan averaged $15.30 per million British thermal unit (mmBtu), up from $13.20 from a month earlier, the Ministry of Economy, Trade and Industry (METI) said. Cargoes arriving last month averaged $12.40 per mmBtu, compared with $11.30 in September.Asian spot LNG prices rose to $15 per mmBtu in late September, but have declined steadily since then to $12.90 per mmBtu last week, bucking a seasonal rise in prices at ...

Brent drops towards $81 as oil glut worries counter disruption risks SINGAPORE: Brent crude fell towards $81 a barrel on Wednesday, holding just above a four-year low as concerns over a mounting oil glut outweighed geopolitical and supply disruption risks in Ukraine and Libya. With oil prices having fallen 30 percent from a mid-June peak, whispering among OPEC delegates ahead of its Nov. 27 meeting is starting to suggest it could cut production by around 500,000 barrels a day (bpd), bringing its daily output closer to ...
Asia-Pacific Crude unsold supply weighs, focus shifts to January SINGAPORE: The Asia-Pacific crude market stayed weak on Tuesday as unsold supply weighed while traders shift their focus to January trade.Four North West Shelf (NWS) cargoes will be available in January, steady from the previous month, a trader said, citing a preliminary loading programme.Woodside has a cargo loading on Jan. 1-5 while BP and Petro-Diamond have one each on Jan. 11-15 and Jan. 17-21, respectively. Chevron's cargo will load on Jan. 25-29.The intensifying political strife ...
Middle East Crude DME Oman slips below $80, lowest in just over 4 years SINGAPORE: The Middle East crude market remained weak on Tuesday, with DME Oman hitting the lowest in just over four years, while Iraq and Kuwait kept their prices to Asia at wide discounts to a similar Saudi grade.Oman crude futures on the Dubai Mercantile Exchange (DME) slipped below $80 a barrel on Tuesday to the lowest in just over four years.Maersk and Unipec have started offering al-Shaheen crude for January loading although no deals were ...
US oil may revisit low of $75.84 SINGAPORE: US oil may revisit its Nov. 4 low of $75.84 per barrel, as indicated by its wave pattern and an expanding triangle.The drop on Nov. 10 suggests a resumption of the downtrend, which has been developing within the triangle since Oct. 17.This pattern will consist of five waves, with the fifth wave labeled v unfolding towards the lower trendline of the triangle, which is about $74.However, a more realistic target could be $75.84.Before falling ...
Brent oil may drop to $80.15 SINGAPORE: Brent oil may drop more to $80.15 per barrel, as it has broken a support at $82.87.The support is identified as the 86.4 percent Fibonacci projection level of a downward wave C, which started at the June 19 high of $115.71. Based on this Fibonacci analysis, oil could eventually drop to the 100 percent level at $77.70.A more proper target could be $80.15, the 76.4 percent Fibonacci projection level of a small wave c, ...
Iraq crude price to Asia at widest discount to Saudi grade in 18 months SINGAPORE: Iraq has set the official selling price (OSP) for the flagship Basra Light grade it sells to Asia at the widest discount against a similar Saudi grade in 18 months, price announcements from the two largest OPEC producers showed. The wider discount was likely due to a change in the quality of the Basra Light crude, which has become heavier after new production from fields such as West Qurna was blended into its export ...


Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln