All
 

 

Just in:  

You are here: Home»Markets»Energy»Asia

Asia

Archive

Oil prices up in Asian trade SINGAPORE: Oil prices, which saw sharp losses earlier this week, climbed in Asia Thursday after a smaller-than-expected increase in US stockpiles rekindled optimism about demand in the world's top crude consumer.US benchmark West Texas Intermediate for December delivery rose 21 cents to $78.89 while Brent crude for December was up 21 cents to $83.16 in mid-morning trade. The gains add to those seen late Wednesday when WTI jumped $1.49 and Brent climbed 13 cents.Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy firm EY, said the upbeat US stockpiles data released Wednesday "provided some relief".The US Department of Energy said inventories grew by 500,000 barrels in the week ending October 31, much fewer than the 2.2 million barrels expected by analysts. Supplies at the closely watched Cushing, Oklahoma, terminal fell 600,000 barrels, and gasoline stockpiles dipped by 1.4 million barrels, topping forecasts of a drop of ...

Asia-Pacific crude steady; uncertainty over US condensate imports SINGAPORE: The Asia-Pacific crude market held steady on Wednesday amid little activity, although an overhang of cargoes continued to weigh on differentials in the region.Oil prices fell for a fifth straight session on Wednesday after weak Chinese economic data fuelled concerns over a growing supply glut in the region.Uncertainty over the prospect of U.S. condensate exports to Asia grew, after BHP Billiton said it would ship lightly processed ultra-light U.S. oil abroad without explicit permission ...
Brent extends losses below $83 on weak China data, supply glut SINGAPORE: Brent crude dropped further below $83 a barrel on Wednesday, stretching losses into a fifth session, as weak economic data from top energy consumer China stoked worries about demand in a market that is already battling a deepening global supply glut. Services sector growth in China weakened in October as new business cooled, a private survey showed, coming just days after previous data revealed sluggish factory growth in the world's second largest economy. "We ...
Oil prices extend losses SINGAPORE: Oil prices extended losses in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia. US benchmark West Texas Intermediate (WTI) for December delivery fell seven cents to $77.12 while Brent crude for December fell 33 cents to $82.49 in afternoon trade.WTI had dropped $1.59 in New York late Tuesday to hit its lowest closing ...
Oil prices mixed ahead of US stockpiles report SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia. US benchmark West Texas Intermediate (WTI) for December delivery rose 12 cents to $77.31 while Brent crude for December fell 20 cents to $82.62 in late-morning trade.WTI had dropped $1.59 in New York late Tuesday to hit its lowest closing ...
Brent drops further away from $86 on strong dollar, China data SINGAPORE: Brent crude inched lower on Monday, dropping further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, according to a private survey, the numbers still pointed to a sluggish economy that is losing momentum. The US dollar touched seven-year peaks versus the yen on Monday, dragging on oil ...
Malaysian crude oil OSP calculated at $93.05 for October SINGAPORE: The official selling price of a basket of Malaysian crude oil for October-loading has been calculated at $93.05 a barrel, traders said on Monday.Petronas introduced a new benchmark starting Jan. 1, based on the spot differentials to dated Brent for three grades - Labuan, Miri and Kikeh.Kimanis, a new grade that will start production in the first quarter of next year, could be included in the price reference basket in 2015.As a result of ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln