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Asia Distillates: Firm on supply cut from Japan, Australia SINGAPORE: Asian gasoil and jet fuel price premiums firmed on Thursday on supply cuts from Japan and Australia due to refinery maintenance, traders said.The benchmark 500ppm sulphur gasoil gained 5 cents to minus 12 cents a barrel over Singapore quotes while the jet fuel cash differential jumped 16 cents to minus 39 cents a barrel, Reuters data showed.Japanese refiner Cosmo Oil shut its 120,000-barrel-per-day No.2 crude distillation unit (CDU) at the 220,000-bpd Chiba refinery for scheduled maintenance on May 2, a company spokesman said.The maintenance is set to last until late June, an industry source familiar with the matter separately told Reuters.Caltex Australia shut its 109,000 barrels-per-day Lytton refinery in Brisbane for major maintenance which is expected to last about seven weeks, the company said on Thursday.The refinery is expected to be back online late June.Arbitrage economics to ship jet fuel and ultra low sulphur diesel from Asia to Europe ...

Oil prices at 2015 highs SINGAPORE: Oil prices extended gains in Asia to trade at 2015 highs Wednesday as fresh tensions in oil producer Libya raised concerns about a supply disruption in the crude-rich Middle East, analysts said.US benchmark West Texas Intermediate for June delivery gained 48 cents to $60.88, while Brent crude for June rose 33 cents to $67.85 in mid-morning trade.WTI jumped $1.47 in New York while Brent closed up $1.12 in London. Both finished at levels unseen ...
Middle East Crude: Strengthens ahead of OSPs SINGAPORE: DME Oman and cash Dubai strengthened in the Middle East crude market on Tuesday ahead of announcements of official selling prices (OSPs) from Gulf producers this week.Cash Dubai's discount to Dubai swaps narrowed to about 50 cents from close to $1 in the previous session after Shell bought most of the partials transacted in the window, traders said.Saudi Aramco is likely to be the first among Gulf crude producers to release OSPs. The world's ...
Brent inches towards $67, despite weak China factory activity SINGAPORE: Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. China, the world's second-largest oil consumer, posted its biggest drop in factory activity in a year to 48.9 in April, a private business survey showed on Monday. The sub-50 point level indicates a contraction compared with the previous month.The data came on the ...
Philippines offers 21 sites for geothermal, hydro projects MANILA: The Philippines opened a tender process on Monday for 21 geothermal and hydro sites for exploration and development, hoping to expand its sources of indigenous energy and cut dependence on imported fuel, while offering opportunities to investors. The Department of Energy (DOE) said it had received 39 bids to explore and develop a total of 16 sites - two for geothermal and 14 for hydro - from companies that included Energy Development Corp, the ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Monday as dealers eyed lacklustre manufacturing data from China, which raised concerns about weak demand from the world's top energy consumer, analysts said.US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.Financial markets in Japan, Thailand and Malaysia were closed for a public holiday.Analysts said oil prices weakened in reaction to data from global banking giant HSBC showing ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday after first quarter US economic growth fell short of forecasts but a weaker dollar and easing US crude production provided support, analysts said.US benchmark West Texas Intermediate for June was up eight cents at $58.66 in late-morning trade, while Brent for June fell 27 cents to $65.57 a barrel.The US Commerce Department said Wednesday that the world's biggest economy and top oil consuming nation stalled in the ...


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln