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Asia Fuel Oil: Fuel oil margin slips on more Indian supply SINGAPORE: The Asian fuel oil margin slipped on Friday as more spot supply appeared out of India, trade sources said.The November fuel oil crack fell 60 cents to minus $8.23 a tonne to Dubai quotes, Reuters data showed.Hindustan Petroleum Corp Ltd (HPCL) offered a 180-cst cargo for late October loading, which follows earlier spot offer from Indian Oil Corp for a 380-cst cargo loading in late October, traders said.Indian Oil Corp last sold a 180-cst cargo loading from Kandla over Oct. 15 to 17 to Mitsui at a discount of $15 a tonne.India's Essar Oil offered vacuum gasoil for November lifting, a tender document showed.Indonesia's Pertamina likely sold 30,000 tonnes of 180-cst fuel oil for mid-October loading from Cilacap to Kuo Oil, traders said. The price could not be confirmed.Vietnam's PV Oil sold 4,500 tonnes of 180-cst fuel oil cargo for Oct. 15 to 19 loading from Vung Ang, Ha ...

Brent bounces off 27-mth low towards $94, but still eyes weekly loss SINGAPORE: Brent crude futures rose towards $94 a barrel on Friday after a three-day slide pulled prices to their lowest since 2012, but the overall bearish tone appears intact amid ample supply.The crude benchmark is set to end lower for a fourth week in five, having fallen more than 15 percent this year as global supplies have remained high despite rising conflict in the Middle East."I think the market is being complacent about the risks.There's ...
Oil prices rise ahead of US jobs report SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices.US benchmark West Texas Intermediate (WTI) for November delivery rose 56 cents to $91.57, while Brent crude for November gained 43 cents to $93.85 in afternoon trade. Singapore's United Overseas Bank (UOB) said investors are keenly eyeing the release of the September US ...
Oil prices rise ahead of US jobs report SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices.US benchmark West Texas Intermediate (WTI) for November delivery rose 16 cents to $91.17 while Brent crude for November gained 11 cents to $93.53 in mid-morning trade. Singapore's United Overseas Bank (UOB) said investors are keenly eyeing the release of the September US ...
Brent hovers near 27-month low as abundant supply weighs SINGAPORE: Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest levels in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China.Brent fell the most since 2012 in the past quarter and could struggle to recover amid an oversupplied market that has kept prices below $100 for more than three weeks now.While a mending US economy bodes well for ...
Brent edges above $95 on relief over China's PMI SINGAPORE: Brent oil futures edged up above $95 a barrel on Wednesday as a positive Chinese economic survey helped the crude benchmark start October firmer after it fell to its weakest level since 2012 in the previous session. Concern over growing oil supply and the dollar's strength pushed Brent down by more than $2 on Tuesday in its biggest single-day drop since January and the same factors are likely to keep a lid on any ...
Asian shares mixed, dollar breaks 110 yen mark HONG KONG: Asian markets were mostly higher on Wednesday with Japan's Nikkei rising after a survey of business confidence showed a surprise pick-up and the dollar broke above 110 yen for the first time in more than six years.The dollar extended its run-up despite disappointing indicators out of Washington on Tuesday, while the euro continues to struggle after eurozone inflation hit a five-year low.Tokyo edged up 0.26 percent by the break and Sydney edged up ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln