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Asia Naphtha: South Korea's KPIC seeks cargoes for Oct '14 to Dec '15 SINGAPORE: Korea Petrochemical Ind Co Ltd (KPIC) is the latest to join a string of petrochemical firms in South Korea in seeking naphtha through term contracts as prices have fallen significantly due to ample supplies, traders said on Monday. KPIC, South Korea's smallest ethylene producer by capacity, is seeking at least 100,000 tonnes of naphtha for October 2014 to December 2015 arrival at Onsan through a tender that closes on Aug. 18. The tender is valid until Aug. 20. The tender, which requested for a cargo per quarter, came after Lotte Chemical purchased about 400,000 tonnes of naphtha for October 2014 to September 2015 delivery on Aug. 13 at a premium of about $4.50 a tonne to Japan quotes on a cost-and-freight (C&F) basis.A week before that, on Aug. 7, YNCC bought about 200,000 tonnes for October 2014 to March 2015 delivery at a premium of $5.00 to $5.50 a ...

Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said. US benchmark West Texas Intermediate for September delivery was down 46 cents at $96.89 while Brent crude for October fell 65 cents to $102.88 in mid-morning trade. Desmond Chua, market analyst at CMC Markets in Singapore said oil prices were supported by news on ...
Brent stays near 13-month low below $103 SINGAPORE: Brent crude edged up on Friday, helped by weakness in the dollar, but it remained near a 13-month low below $103 a barrel as a shaky European economy fuelled concern about demand in a well-supplied oil market. Growth in Germany and France ground to a halt in the second quarter. That disappointing data came just days after news that implied oil demand in China, the world's second-largest oil consumer, fell 6 percent in July ...
Global LNG: Asian prices edge higher on signs of pick-up in demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose for the second straight week amid signs demand may pick up in the coming months, traders said. Spot LNG prices for September delivery rose to just under $11 per million British thermal units (mmBtu) this week, compared with $10.60 per mmBtu last week. Prices edged higher after a price near $12 per mmBtu in a tender by Australia's Northwest Shelf (NWS) project earlier this month took ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose three cents to $95.61 while Brent crude for October was up 54 cents to $102.61 on its first day of trading.WTI sank $2.01 in New York trade Thursday while the Brent contract for September delivery fell ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose eight cents to $95.66 while Brent crude for October was up 55 cents to $102.62 on its first day of trading. WTI sank $2.01 in New York trade Thursday while the Brent contract for September delivery ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Thursday following a surprise increase in US commercial crude-oil stockpiles and a slew of soft economic data from leading energy consumers.US benchmark West Texas Intermediate eased 44 cents to $97.15 while Brent crude shed 48 cents to $103.80 in afternoon trade.A build in US inventories for the first time in seven weeks weighed on prices, analysts said.US crude-oil inventories rose by 1.4 million barrels, to 367.0 million, in the ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln