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Oil prices rise in Asian trade SINGAPORE: Oil prices rose in Asia Monday, fuelled by sustained unrest in the crude-rich Middle East, while also gaining support on hopes that declining US production will ease a global supply glut, analysts said. US benchmark West Texas Intermediate for May delivery gained 68 cents to $56.42 while Brent crude for June gained 70 cents to $64.15 in afternoon trade. "Escalating conflicts in Yemen, a drop in the US rig count and weak US inventory data led to benchmark prices making significant gains," said Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy firm EY. Clashes between rebels and pro-government forces, and Saudi-led air strikes, killed at least 85 people in Yemen on Sunday, medics and military sources said.Yemen is a small crude producer that sits along the Bab al-Mandab Strait, through which about 3.8 million barrels of oil per day are transported. The country has ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday, retaining support from a surprisingly upbeat US supply report a day earlier, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained six cents to $56.45 while Brent crude for June slipped 14 cents to $63.18 in afternoon trade. On Wednesday WTI jumped $3.10 to $56.39, its highest closing price since December 23, while Brent crude for May shot up $1.89 to $60.32 on its ...
Asia-Pacific Crude-Russian grades supported SINGAPORE: Russian Pacific grades were supported in the Asia-Pacific crude market on Wednesday by strong refinery demand and tighter supply of alternative Middle East grades.Spot differentials for Russia's Sokol crude held steady from last month, after Rosneft sold three June-loading cargoes at around $4 a barrel above Dubai quotes in a tender, traders said.Vitol and Lukoil bought a Sokol cargo each loading June 10-19 and June 21-30 at a premium of slightly above $4 a ...
Middle East Crude-Al-Shaheen discounts narrow by more than $1  SINGAPORE: The Middle East crude market strengthened on Wednesday with Qatari al-Shaheen for June sold at much narrower discounts from the previous month on robust demand in Asia.Asian demand has risen with the end of seasonal refinery maintenance while Middle East crude supply has tightened.Maersk sold three cargoes at 40-50 cents a barrel below Dubai quotes, traders said, versus discounts of $1.50-$1.90 a barrel for May-loading barrels sold last month. Buyers were not immediately known.Unipec ...
Middle East Crude-Murban premium hits 19-month high SINGAPORE: Spot premiums in the Middle East crude market rose, with Abu Dhabi's flagship Murban hitting a 19-month high, on tighter supplies and robust demand, trade sources said.While the end of seasonal refinery maintenance in Asia and firm margins buoyed demand for June-loading cargoes, supplies from the Middle East have tightened from March after Saudi Arabia and Abu Dhabi trimmed the volume of crude loaded for buyers in the east.It's a combination of "tighter supply ...
Oil prices higher in Asian trade SINGAPORE: Crude prices rose further in Asia on Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy.A drop in US production is expected to help ease the supply glut that has sent oil prices collapsing since June last year, while a stimulus package could boost demand in China, the world's biggest energy user, analysts said.US benchmark West Texas Intermediate for ...
Middle East Crude-Dubai holds firm with Chinaoil support SINGAPORE: Cash Dubai stayed firm in the Middle East crude market on Monday, supported by Chinaoil's purchases.The benchmark's discount to Dubai swaps narrowed to about 80 cents after the state Chinese firm bought nearly 30 partials on the window and took delivery of an Oman cargo from Unipec.Shell sold two Oman partials to Chinaoil which depressed cash Oman to near parity to Dubai swaps.On the supply front, Saudi Arabia has reduced contractual crude supplies to ...


Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln