Just in:  

You are here: Home»Markets»Energy»Asia



Brent edges above $95 on relief over China's PMI SINGAPORE: Brent oil futures edged up above $95 a barrel on Wednesday as a positive Chinese economic survey helped the crude benchmark start October firmer after it fell to its weakest level since 2012 in the previous session. Concern over growing oil supply and the dollar's strength pushed Brent down by more than $2 on Tuesday in its biggest single-day drop since January and the same factors are likely to keep a lid on any price recovery. Chinese manufacturing activity steadied in September, with the government's Purchasing Managers' Index unchanged at 51.1, a tad higher than market forecasts, offering some relief to investors worried about the slowdown in the world's No. 2 economy. "It's a tiny bit better than the market expected, but the China bears have been beating their chest very loudly in the past few weeks so we should see some relief rally," said Ben Le Brun, market ...

Asian shares mixed, dollar breaks 110 yen mark HONG KONG: Asian markets were mostly higher on Wednesday with Japan's Nikkei rising after a survey of business confidence showed a surprise pick-up and the dollar broke above 110 yen for the first time in more than six years.The dollar extended its run-up despite disappointing indicators out of Washington on Tuesday, while the euro continues to struggle after eurozone inflation hit a five-year low.Tokyo edged up 0.26 percent by the break and Sydney edged up ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday following sharp falls the day before, with a decline in US consumer confidence and tepid data from China dampening buying sentiment.US benchmark West Texas Intermediate (WTI) for November delivery rose 27 cents to $91.43 a barrel in mid-morning trade and Brent crude advanced 30 cents to $94.97.WTI plummeted $3.41 a barrel and Brent tumbled $2.53 Tuesday owing to a supply glut and a pick-up in the dollar, which ...
Middle East crude DME Oman slips back in discount SINGAPORE: DME Oman slipped back into a discount against Dubai swaps in the Middle East crude market on Tuesday, down from the previous session's two-month high, in the last trading day of the month.A flurry of trades dominated the Platts window as traders square their positions. Seventeen Dubai partials were traded and Vitol will deliver a December-loading Oman cargo to Shell.For Oman, SK Energy sold four partials to Shell.Elsewhere, North Asian refiners have stepped up ...
Asia Pacific crude mixed; Alaskan crude headed for South Korea SINGAPORE: The Asia-Pacific crude market was mixed on Tuesday as Alaskan crude was on its was to South Korea, adding to a glut of crude in the region.South Korean refiner GS Caltex is set to receive 800,000 barrels of Alaskan crude on Oct. 10 after purchasing the oil on the spot market, a source at the company said. The deal marks the first U.S. export of Alaskan crude to South Korea in more than a ...
Thailand to raise domestic gas prices from Oct 1 BANGKOK: Thailand's military-backed government will raise prices of liquefied petroleum gas (LPG) for transportation by 0.62 baht/kg and those of natural gas for vehicles (NGV) by 1.00 baht ($0.03) from October 1, a senior energy ministry official said on Tuesday. The increases are part of closely-watched energy reforms aimed at restructuring domestic fuel prices from a highly-regulated system to a market-based one, the ministry's permanent secretary Areepong Bhoocha-oom told a news conference. Copyright Reuters, 2014 ...
Oil prices turn higher in Asian trade SINGAPORE: Oil prices turned higher in Asian trade Tuesday on expectations of upbeat economic data from the United States, the world's biggest economy, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery was up nine cents to $94.66 a barrel in afternoon trade and Brent crude added seven cents to $97.27.WTI climbed $1.03 in US trade Monday, while Brent was up 20 cents ahead of a fresh round of results analysts hope will confirm ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln