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Oil prices mixed ahead of US stockpiles report SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia. US benchmark West Texas Intermediate (WTI) for December delivery rose 12 cents to $77.31 while Brent crude for December fell 20 cents to $82.62 in late-morning trade.WTI had dropped $1.59 in New York late Tuesday to hit its lowest closing point since October 2011, as dealers continued to digest Saudi Arabia's move to cut its prices for crude sold to the US markets. Brent fell $1.96 in London to its lowest close since October 2010. "Investors will next be looking to the US stockpiles report for an idea on how much supply is outstripping demand in a global market quite flush with supply," Desmond Chua, market analyst at CMC Markets in Singapore, told AFP.The US ...

Brent drops further away from $86 on strong dollar, China data SINGAPORE: Brent crude inched lower on Monday, dropping further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, according to a private survey, the numbers still pointed to a sluggish economy that is losing momentum. The US dollar touched seven-year peaks versus the yen on Monday, dragging on oil ...
Malaysian crude oil OSP calculated at $93.05 for October SINGAPORE: The official selling price of a basket of Malaysian crude oil for October-loading has been calculated at $93.05 a barrel, traders said on Monday.Petronas introduced a new benchmark starting Jan. 1, based on the spot differentials to dated Brent for three grades - Labuan, Miri and Kikeh.Kimanis, a new grade that will start production in the first quarter of next year, could be included in the price reference basket in 2015.As a result of ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Monday as dealers focused on a slew of global manufacturing data for clues about demand growth, while a strong dollar capped any gains, analysts said.US benchmark West Texas Intermediate (WTI) for December delivery fell four cents to $80.50 while Brent crude for December was up four cents at $85.90 in mid-morning trade."The focus right now is on the manufacturing data to be released. We are looking for signs ...
Thailand's oil, gas output seen down 70pc in next decade BANGKOK: Thailand is in urgent need to secure long-term energy supplies as its oil and gas output is expected to drop over 70 percent in the next decade after hitting a peak of over 800,000 barrel of oil equivalent per day in 2014, consultancy Wood Mackenzie said. At the current rate of production, Thailand's remaining reserves will be exhausted within nine years, Craig McMahon, head of Asia Pacific research for Woodmac told reporters after giving ...
Middle East Crude: Chinaoil ends Oct with record 47 cargoes SINGAPORE: The Middle East crude market held steady on Friday, the last day of the month that saw Chinaoil buying a record volume of oil on the Platts window."The end of a historic month," a trader with a Western firm said.Chinaoil snapped up 47 cargoes of Upper Zakum, Oman and Dubai in the window this month, traders said, a bull run which has strengthened Dubai and put Saudi Arabia in a dilemma.The largest OPEC producer ...
Brent falls toward $86, heads for worst month since 2012 SINGAPORE: Brent crude futures fell toward $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012.Unless the Organization of the Petroleum Exporting Countries moves to cut oil output at its meeting next month, traders say oil prices, which have dropped by a quarter since June, are likely to extend their rout."We are still ...

 



 
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Arrow DJIA 17,810.06 0.51
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln