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Oil prices drop on weak demand, potential Iran deal SINGAPORE: Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.The two sides are trying to reach an agreement in nuclear negotiations by a Tuesday deadline."Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices," ANZ said.Brent crude futures were down 42 cents at $55.99 by 0633 GMT as the market began to price in a potential deal with Iran. U.S. West Texas Intermediate (WTI) was down 84 cents at $48.03 a barrel.Barclays said that the U.S. build-up in stocks would make its way into an already oversupplied market in the second quarter and that global demand would unlikely be strong enough to support oil prices once that happens."In OECD Asia, demand growth actually fell from -3 ...

Oil prices fall as Iran, world powers seek nuclear deal SINGAPORE: Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.Iran and world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a preliminary agreement by Tuesday, although diplomats warned the attempt could still fall ...
Oil prices dip as Iran, world powers seek nuclear deal SINGAPORE: Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a prelminary deal by Tuesday, although diplomats warned the attempt could still fall ...
CNOOC 2014 profit rises despite 'blow' from oil price slump HONG KONG: Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started a spate of new projects, despite taking a "serious blow" from falling oil prices.The forecast-beating profit rise came after rivals Sinopec and PetroChina both said their profits dived last year as crude prices more than halved between June and January.China's largest offshore oil and gas producer reported net profit of 60.20 billion yuan ($9.68 billion) ...
Oil prices in Asia slip after recent gains SINGAPORE: Oil prices fell in Asia Friday, cutting short a rally as investors weighed the potential for disruptions in Middle East supplies caused by the Yemen crisis and a global crude glut, analysts said.US benchmark West Texas Intermediate for May delivery fell 83 cents to $50.60 and Brent crude for May eased 75 cents to $58.44 in late-morning trade.Prices rose sharply over the past two days after a Saudi Arabia-led coalition bombed Huthi Shiite rebels ...
Asia-Pacific Crude-Premiums for Vietnam grades rise SINGAPORE: Spot premiums for Vietnamese grades rose in the Asia-Pacific crude market on tighter supply as several cargoes had been diverted to meet domestic demand.PV Oil awarded a tender to sell 600,000 barrels of Bach Ho crude to Glencore at $1.30-$1.50 a barrel above dated Brent for May 15-21 loading, traders said, up from a premium of about $1 in a previous trade for this grade.PV Oil has also sold two 300,000-barrel Ruby crude cargoes ...
Middle East Crude-DME Oman firms slightly on Yemen crisis SINGAPORE: DME Oman firmed slightly in the Middle East crude market on Thursday after global prices surged on growing conflict in Yemen.Saudi Arabia and Gulf region allies launched military operations including air strikes in Yemen, officials said, to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni president had taken refuge.There is a concern that the crisis could escalate, exacerbating wider sectarian conflict in the Middle East.Trade sources said there was ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln