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Asia-Pacific Crude-Weaker Brent support premiums SINGAPORE: Asia-Pacific crude market held firm on Wednesday, supported by firm refining margins and a weaker Brent benchmark against Dubai.Brent-Dubai Exchange of Futures for Swaps (EFS), or Brent's premium to Dubai swaps, was at $1.20 a barrel for May, down close to $1 from the start of the month.The prospect of tighter Vietnamese supply also supported sentiment and drove up Te Giac Trang (TGT) crude's premium, although the rise was limited by the addition of two cargoes to the May programme.Vietnam's sole refinery Dung Quat had bought 1.1 million barrels of Chim Sao and Thang Long that were offered to the spot market, traders said.Part of this volume was replaced after PV Oil issued tenders to sell 600,000 barrels of Bach Ho and 250,000 barrels of Song Doc, traders said. But differences in the oil's quality may mean that buyers will have to look elsewhere for Chim Sao's replacement, they ...

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China, and as dealers await fresh US economic figures, analysts said. US benchmark West Texas Intermediate eased 58 cents to $46.87 while Brent fell 35 cents to $55.57 in afternoon trade. "Prices coming off slightly today may have to do with the weak flash manufacturing data coming out of China," Nicholas Teo, market analyst at CMC Markets in Singapore, ...
Oil drops as Saudi output nears record, China demand worries drag SINGAPORE: Oil prices dropped on Tuesday after activity in China's factory sector fell to an 11-month low and as Saudi Arabia said its production was close to an all-time high.The flash HSBC/Markit Purchasing Managers' Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis, stoking worries over the strength of the world's No.2 economy. Economists polled by Reuters had forecast a reading ...
Oil prices drop as China factory activity falls to 11-month low SINGAPORE: Oil prices edged lower in early Asian trade on Tuesday after activity in China's factory sector fell to an 11-month low, stoking worries over the strength of the world's No.2 economy.The flash HSBC/Markit Purchasing Managers' Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis. Economists polled by Reuters had forecast a reading of 50.6.Brent crude oil futures were trading down ...
China's Iran crude oil imports down 3.7pc on year in Feb: customs BEIJING: China's crude imports from Iran fell 3.7 percent in February from a year ago, in line with expectations for the world's second largest crude importer, customs data showed on Monday.The imports last month from Iran were 2.04 million tonnes, or 532,400 barrels per day (bpd), up 13.5 percent from January on a daily basis, the data showed.Thomson Reuters Oil Research & Forecasts had put China's imports from Iran in February at 2.12 million tonnes, ...
Oil drops as Saudi says will not cut output alone, weak China import hurts SINGAPORE: Oil prices dropped more than 1.5 percent on Monday as China's imports weakened, while comments from top exporter Saudi Arabia that it would not unilaterally cut its output to defend prices also dragged on the crude market.China's February crude oil imports from Iran fell 3.7 percent from a year ago to 2.04 million tonnes. China boosted overall imports late last year, taking advantage of cheap oil to build its reserves, but storage tanks could ...
Asia-Pacific Crude-Stronger; Petronas sells Labuan SINGAPORE: The Asia-Pacific crude market remained supported by high refining margins and Brent's narrowing spread to Dubai crude.Brent's premium to Dubai swaps fell to its lowest since early-October last year, making Brent-linked grades more attractive relative to Middle East grades.Brent-Dubai Exchange of Futures for Swaps (EFS) narrowed 12 cents to $1.14 a barrel.Malaysia's Petronas sold 600,000 barrels of Labuan crude loading in May at around $5.10-$5.30 a barrel above dated Brent, according to traders, slightly ...

 



 
Index Closing Chg%
Arrow DJIA 18,024.06 1.03
Arrow Nasdaq 5,005.39 1.29
Arrow S&P 2,108.29 1.09
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,454.38 0.19
Arrow CAC-40 5,046.49 0.14
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.00 0.94
Arrow Sensex 27,011.31 0.79





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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
WeeklyApril 30, 2015
Reserves $17.717 bln