All
 

 

Just in:  

You are here: Home»Markets»Energy»Asia

Asia

Archive

Rouble jumps on Russia rate hike, oil pressured TOKYO: Oil prices continued to slide on Tuesday, while the rouble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The dour mood kept equities down in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.1 percent in early trade. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed at curbing increased devaluation and inflationary risks. Sales of oil and gas are Russia's chief source of export revenue, while tougher US sanctions on Moscow, which were set out in a bill passed by US Congress Friday, added to Russia's economic woes. The rouble weakened beyond 60 roubles per dollar, after rising above 67.00 at one point on Monday when oil prices fell sharply. The dollar was last up 13.2 percent against the rouble to ...

Oil prices sink further in Asian trade SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling. US benchmark West Texas Intermediate for January delivery fell 24 cents to $55.67 while Brent crude for January eased 22 cents to $60.84 in mid-morning trade -- both contracts at levels not seen since mid-2009.WTI tumbled $1.90 Monday and Brent dipped 79 cents.Crude prices have ...
Brent edges up to $62.35 after earlier crash in volatile trade SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data.Brent futures fell to near $60 per barrel after the IEA forecast further price falls and OPEC's chief on Sunday defended the group's decision not to cut its output target, and although prices picked up later in volatile ...
Middle East Crude-Spot differentials improve amid Christmas rush  SINGAPORE: Spot differentials in the Middle East crude market continued to improve as refiners, keen to conclude buying for February cargoes before the Christmas holiday, were lured by lower official selling prices (OSP).Qatar Marine flipped into a premium of around 30 cents a barrel to its OSP, a trader said. The medium heavy grade was last month mostly sold at discounts of 30-50 cents a barrel.A South Korean refiner bought a cargo of Abu Dhabi's ...
Asia-Pacific Crude-Kimanis premium edges higher SINGAPORE: Spot premium for Malaysia's new Kimanis grade ticked higher in the Asia-Pacific crude market on Monday, even as supplies increase and most buyers remained in the dark about the exact quality of the grade.Regional grades could find some support as inflows of Atlantic basin cargoes were limited by high freight rates and an expected tightness of sweet grades in the Mediterranean following supply disruptions at Libya's two biggest oil export ports.Petroleum Brunei sold 600,000 ...
Iran imports gasoil after months, but unlikely to continue SINGAPORE: Iran resumed gasoil imports this quarter after a gap of several months on rising consumption of heating oil during winter, but the arrivals are unlikely to continue as the demand is only seasonal, industry sources said on Monday.Iran's imports are expected to have a muted impact on Asian gasoil margins as the volumes are too small and they come at a time when the region is flooded with supply from new capacity in the ...
Brent rises above $62.50 after earlier crash in volatile trading SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the IEA cut its outlook and then rose on hopes of improving manufacturing data. In early trading, Brent futures fell to near $60 per barrel after the International Energy Agency forecast further price falls and OPEC's chief defended the group's decision not to cut its output target. Analysts said that oil markets were oversupplied ...

 



 
Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln