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Middle East Crude-Murban premium hits 19-month high SINGAPORE: Spot premiums in the Middle East crude market rose, with Abu Dhabi's flagship Murban hitting a 19-month high, on tighter supplies and robust demand, trade sources said.While the end of seasonal refinery maintenance in Asia and firm margins buoyed demand for June-loading cargoes, supplies from the Middle East have tightened from March after Saudi Arabia and Abu Dhabi trimmed the volume of crude loaded for buyers in the east.It's a combination of "tighter supply from Middle East, recovery from turnaround at Japanese refineries and still robust refining margins," a trader with a North Asian refiner said.Japanese refiner Fuji Oil has bought a cargo of June-loading Murban crude from Total at 90 cents a barrel above Murban's official selling price (OSP) via a tender, the trade sources said, but the deal could not be independently verified.The premium is the highest since trades conducted in September 2013, according to Reuters data.Fuji ...

Oil prices higher in Asian trade SINGAPORE: Crude prices rose further in Asia on Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy.A drop in US production is expected to help ease the supply glut that has sent oil prices collapsing since June last year, while a stimulus package could boost demand in China, the world's biggest energy user, analysts said.US benchmark West Texas Intermediate for ...
Middle East Crude-Dubai holds firm with Chinaoil support SINGAPORE: Cash Dubai stayed firm in the Middle East crude market on Monday, supported by Chinaoil's purchases.The benchmark's discount to Dubai swaps narrowed to about 80 cents after the state Chinese firm bought nearly 30 partials on the window and took delivery of an Oman cargo from Unipec.Shell sold two Oman partials to Chinaoil which depressed cash Oman to near parity to Dubai swaps.On the supply front, Saudi Arabia has reduced contractual crude supplies to ...
Oil prices edge up in Asian trade SINGAPORE: Oil prices rose in Asia on Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.US benchmark West Texas Intermediate added 11 cents to $51.75 while Brent was up 12 cents at $57.99 in afternoon trade. "There has been a continuation in the rise of oil prices from Friday's session, but the market has started this week cautiously due to the ongoing oversupply situation," said Michael McCarthy, ...
Oil prices edge up in Asian trade SINGAPORE: Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.US benchmark West Texas Intermediate added 31 cents to $51.95 while Brent was up 24 cents at $58.11 in late-morning trade. "There has been a continuation in the rise of oil prices from Friday's session, but the market has started this week cautiously due to the ongoing oversupply situation," said Michael McCarthy, chief ...
Brent nudges up to near $57, set for weekly gain SINGAPORE: Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.The rise may prove sufficient to help both Brent and US crude futures post a weekly gain of more than 3 percent despite being dragged down by record levels of Saudi output and US inventories earlier this week."The reaction was severe for one session but ...
Oil prices rebound in Asia trade SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting after a surge in US crude stockpiles and record output in Saudi Arabia sparked a sell-off in the previous session, analysts said.US benchmark West Texas Intermediate (WTI) advanced 78 cents to $51.20 a barrel and Brent added 73 cents to $56.28 in afternoon trade.Shailaja Nair, associate editorial director at energy information provider Platts, said Thursday's price rebound was "due to bargain-hunting" traders, who pounced on oil ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln