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Premiums slip, Vietnam demand caps falls SINGAPORE: Asian gasoil premiums slipped on Friday, though falls were capped by spot demand from Vietnam, industry sources said.Spot demand from Vietnam continued with the country's top importer, Petrolimex, seeking 70,000 tonnes of gasoil for delivery in April, traders said.The company's requirements for gasoil through tender could have increased following a cut in import tax on fuels from ASEAN that took effect from Jan. 1, traders said.Vietnam's diesel imports used to be primarily from China and Taiwan, they added.Petrolimex is also yet to conclude a term deal to import diesel and gasoline for this year, they said.In Australia, Chevron was seeking 10 ppm sulphur diesel for delivery over April to September in a tender that closed on Feb. 27, a Singapore-based trader said.It was seeking two to six cargoes of the fuel every quarter, the trader added.It is unclear if the tender has been awarded.Indonesia's Pertamina is seeking a jet ...

Malaysia's Petronas begins $17bn bond and sukuk drive KUALA LUMPUR: Malaysian energy company Petronas began roadshows on Thursday to raise up to $17 billion from conventional and Islamic bonds, or sukuk, for working capital. State-owned Petronas met potential investors for a $15 billion multi-currency conventional bond programme and a one-off dollar-denominated sukuk issuance of $2 billion, two sources told Reuters.A spokesman from Petronas confirmed the plans. Bank of America Merrill Lynch, CIMB Group Holdings, Morgan Stanley MUFG, JP Morgan and Citibank are lead ...
cst premium rebounds on demand despite higher stocks SINGAPORE: The 380-cst cash premium rebounded on Thursday, stemming a two-session fall on demand during cash trading despite higher onshore inventories.The 380-cst cash premium was up 61 cents a tonne, to 77 cents a tonne above Singapore spot quotes, supported by strong buying interest from Hong Kong-listed Brightoil.The company continued to bid for a 40,000-tonne 380-cst cargo at a premium of 50 cents a tonne after buying its first from China Aviation Oil (CAO).Onshore fuel ...
Margins slip on new supplies from Middle East SINGAPORE: Asian gas oil and jet fuel margins slipped on Thursday on new supplies out of the Middle East, though falls were limited due to a big drawdown in Singapore stocks, traders said.Singapore onshore gas oil and jet fuel stocks plunged 17 percent to a seven-week low of 10.264 million barrels in the week to March 4, according to latest data from International Enterprise.Most of the drawdown was due to a spike in diesel shipments ...
Oil up in Asia trade despite US inventories rise SINGAPORE: Oil prices climbed in Asian trade on Thursday as signs that a refineries strike in the United States is weakening overshadowed a rise in US crude stocks, analysts said.US benchmark West Texas Intermediate added 21 cents to $51.74 a barrel and Brent gained four cents to $60.59 in afternoon trade.Daniel Ang, an investment analyst with Phillip Futures in Singapore, said despite the rise in US inventories, traders focussed on signs that a refineries strike ...
Asian LNG spot price to average $6.25/mmBtu in Q3, $7/mmBtu in 2016 SINGAPORE: Asian spot prices for liquefied natural gas (LNG) are forecast by Goldman Sachs to average $6.25 per million British thermal units (mmBtu) in the third quarter this year and $7 per mmBtu in 2016.Prices of LNG in Asia, the biggest market of the fuel, have tumbled to $7-$8 per mmBtu from above $20 per mmBtu at the beginning of last year in a perfect storm of lower oil prices, new supply coming online and ...
Brent sticks above $60; Iran news offsets bearish US stockpiles data SINGAPORE: Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish US inventories data to focus on the lack of a deal in talks over Iran's nuclear programme.Tehran's ambassador to the International Atomic Energy Agency (IAEA) said on Wednesday no deal had been reached on the duration of any possible final agreement with world powers on Iran's programme. That allayed investors' fears of an imminent rise in ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln