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Oil prices rise further in Asia SINGAPORE: Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and robust economic data from the eurozone, analysts said.US benchmark West Texas Intermediate for August delivery was up 12 cents at $61.13 a barrel and Brent climbed 11 cents to $64.56 in late-morning trade.Both contracts also ended higher on Tuesday as traders bet on a fall in stockpiles when the US Department of Energy releases its weekly report later Wednesday, indicating strong demand in the world's biggest economy.In the eurozone, business activity rose sharply in June to hit a more than four-year high, which analysts said suggested a better-than-expected recovery in the making, while Greece closes in on a debt reform deal with its creditors.The closely watched Markit Economics Composite Purchasing Managers Output Index (PMI) came in at 54.1 points in June, up from 53.6 in May, for its best performance since ...

Oil prices down in Asia SINGAPORE: Oil prices fell in Asia Tuesday, with the possible return of Iranian crude to the global market stoking further concerns over a supply glut, analysts said.Iran and major western powers are racing to agree a deal by June 30 that would see Tehran open up its nuclear programme to allay concerns it is seeking atomic weapons, in return for the West lifting punishing economic sanctions.Any deal could result in Iranian crude returning to the ...
Japan JOGMEC buys 44,000 tonnes LPG for national reserves TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) on Monday bought liquefied petroleum gas (LPG) via a tender to store in its national reserves, a trade ministry official said on Monday.JOGMEC was seeking 44,000 tonnes of propane, which is to be delivered to the stockpiling base in Namikata in Ehime prefecture by Aug. 10.The ministry official did not identify the winning bidder.Japan, which in April stored 952,000 tonnes of LPG at five national ...
Oil prices up in Asian trade SINGAPORE: Oil prices rose in Asia Wednesday as dealers awaited the latest US energy report and a Federal Reserve policy announcement later in the day that dealers hope will shed light on its plans for hiking interest rates, analysts said.US benchmark West Texas Intermediate for July delivery gained 10 cents to $60.07 while Brent crude for August added five cents to $63.75 in late-morning trade.Markets are hoping for some clues about the US central bank's ...
Oil prices rise as Texas braces for tropical storm SINGAPORE: Crude prices rose after a cautious start on Tuesday, boosted by warnings that a tropical storm was about to hit the coast of oil producing state Texas. The US National Hurricane Center (NHC) issued a tropical storm warning on Tuesday morning at 0200 GMT for the Texas coast from Baffin Bay to High Island."On the forecast track the centre ... is expected to make landfall in the warning area along the Texas coast Tuesday ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Monday as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by international sanctions, analysts said. US benchmark West Texas Intermediate for July delivery fell 20 cents to $59.76 while Brent crude for July eased 37 cents to $63.50 in mid-morning trade. Markets are "closely tracking the Greek debt crisis and the ongoing negotiations between Iran and the big six powers," ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Friday on a stronger dollar as traders grow concerned about Greece's troubled debt negotiations, while the International Energy Agency's prediction of an end to the recent surge in demand added downward pressure.US benchmark West Texas Intermediate for July delivery fell 22 cents to $60.55 while Brent crude for July eased 16 cents to $64.95 in late-morning trade. Oil prices turned "bearish after the dollar's rally against the euro on ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln