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Middle East Crude: Rosneft, Surgut sell more ESPO SINGAPORE: The Middle East crude market weakened on Friday with DME Oman's premium to Dubai slipping as May trade approached an end.Russian producer Rosneft sold five of the six ESPO cargoes it offered in a tender, mostly within the price range fetched for May loading barrels this month.The April 29-May 2 cargo fetched the highest premium at $4.70-$4.80 a barrel to Dubai quotes while the lowest premium was at $3.90-$4. The remaining three cargoes were sold at premiums of just above $4. Sinochem and Unipec bought two cargoes each while Shell took one.Rosneft is expected to re-issue a tender for the May 27-30 cargo.Surgutneftegas has also sold its two remaining ESPO cargoes at premiums of just above $4 a barrel. SK Energy bought the May 25-28 cargo at a premium of $4.20-$4.30 while the buyer of the May 22-25 cargo was not immediately known.On the trading window, Unipec and Shell ...

China's CNOOC wins special permit for fuel exports BEIJING: China National Offshore Oil Company (CNOOC) has won government approval for a special permit to export refined fuels free of tax, as Beijing injects a small measure of competition into a market dominated by two other state giants, the company and traders said. CNOOC, parent of China's top offshore oil producer CNOOC Ltd , may now apply for a quota to export a total of 400,000 to 500,000 tonnes of fuel for the first ...
Oil prices mixed in Asia tradem SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over the US economy and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up 26 cents at $101.54 a barrel in late afternoon trade, while Brent North Sea crude for May settlement fell five cents to $107.78.Analysts said prices were supported by robust consumer spending in the United States, ...
Oil prices mixed in Asia trade SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up eight cents at $101.36 a barrel in mid-morning trade, while Brent North Sea crude for May settlement fell 13 cents to $107.70.Analysts said prices were being supported by robust consumer spending in the United States, ...
Brent steady around $107; Obama hints at tougher Russia sanctions SINGAPORE: Brent crude held steady around $107 a barrel on Thursday as investors took stock of comments by US President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas. Obama warned at a news conference ...
Oil prices mixed in Asia after strong US data SINGAPORE: Oil prices were mixed in Asian trade Thursday, taking a breather after surging on strong US economic data, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery, gained 10 cents to $100.34 a barrel in late morning trade, following a $1.07 jump Wednesday.Brent North Sea crude for May eased 11 cents to $106.95."Crude made a huge move overnight rise due to the renewed strength in the US economy on better-than-expected durable ...
Oil prices up in Asia on US data SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence to a six-year high.New York's main contract, West Texas Intermediate for May delivery, was up 21 cents to $99.40 a barrel in afternoon trade, and Brent crude for May climbed 23 cents to $107.22.The US Conference Board's index for March confidence came in at 82.3 -- its highest since January 2008 -- from 78.3 in February and ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
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Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
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Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln