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India's ONGC re-issues tender to sell Feb cargo SINGAPORE: India's Oil & Natural Gas Corp (ONGC) has offered 35,000 tonnes of naphtha for February loading from Hazira after cancelling to sell a cargo, also for next month loading, due to production problems, traders said on Monday. ONGC is now looking to sell the cargo for Feb. 22-23 loading from Hazira in a tender that is due to be awarded on Jan. 29. ONGC had on Jan. 24 cancelled to sell similar volumes from the same port for Feb. 18-19 loading as production at its Hazira complex was affected by a shortage of gas. India's exports have been kept below 600,000 tonnes a month since November, compared with a monthly average of 660,000 tonnes for the entire 2013. Demand on the other hand was strong as petrochemical plants in Asia were mostly running at full capacity. Copyright Reuters, 2014 ...

Oil prices mixed ahead of Fed policy meeting SINGAPORE: Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback. New York's main contract, West Texas Intermediate (WTI) for March delivery, was up nine cents at $96.73 in afternoon trade while Brent North Sea crude for March eased 32 cents at $107.56.Tan Chee Tat, investment analyst at Singapore-based Phillip Futures, said investors were sitting on the sidelines amid ...
Brent eases towards $107, China slowdown stokes demand worries SINGAPORE: Brent futures eased towards $107 a barrel on Monday as concerns of a slowdown in China stoked demand growth worries, with a bitter cold spell across the northern Hemisphere and simmering tensions in the Middle East keeping those losses in check. Emerging markets came under pressure as the US Federal Reserve looked set to continue tapering its stimulus and tighter credit conditions in China raised fears of a slowdown, hammering most risk assets including ...
Oil prices mixed ahead of Fed policy meeting SINGAPORE: Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback. New York's main contract, West Texas Intermediate (WTI) for March delivery, was up seven cents at $96.71 in mid-morning trade while Brent North Sea crude for March eased 34 cents at $107.54.Tan Chee Tat, investment analyst at Singapore-based Phillip Futures, said investors were sitting on the sidelines amid ...
Vietnam Jan crude exports fall 29pc y/y HANOI: Vietnam's crude oil exports in January fell an estimated 29.0 percent from a year earlier to 580,000 tonnes, or 137,000 barrels per day (bpd), the government said on Friday. Crude exports generated an estimated $480 million in January, down 34.7 percent from a year ago, the General Statistics Office (GSO) said.Oil product imports in January rose 22.4 percent from the corresponding period last year to an estimated 600,000 tonnes, according to the GSO's monthly ...
Brent holds above $107, set for biggest gain in five weeks SINGAPORE: Brent futures held above $107 a barrel on Friday, as a bitter cold in the United States boosted demand for heating oil and drew down the country's stockpile of crude and distillates. Distillate stocks plunged three-and-a-half times more than expected, driving US ultra low-sulfur diesel futures (ULSD), or heating oil, futures to their highest this year and helping the US crude benchmark towards its best week in seven. Brent, poised for its biggest gain ...
Oil prices hit by profit-taking in Asian trade SINGAPORE: Oil prices eased in Asian trade Thursday as investors locked in profits after they hit their highest levels this year on forecasts of stronger demand.Analysts said traders will keep their eye on a meeting next week by the Federal Reserve for more clues about its plans to wind down its massive stimulus for the US economy.New York's main contract West Texas Intermediate for March delivery was down 31 cents at $96.42 a barrel mid-morning ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln