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Oil extends rise in Asia on Yemen crisis SINGAPORE: Oil prices jumped in Asia on Thursday after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a spiralling crisis in the country could threaten key crude producers in the Middle East.US benchmark West Texas Intermediate (WTI) for May delivery surged $1.90 to $51.11 while Brent crude for May rose $1.95 to $58.43 in afternoon trade.WTI advanced $1.70 while Brent gained $1.37 on Wednesday following news that Yemen President Abedrabbo Mansour Hadi was rushed to a "secure location" after a warplane attacked his presidential complex.Yemen borders major oil producer Saudi Arabia, which on Wednesday launched the strikes against Huthi rebels in a bid to help save Yemen's embattled leader as the country teetered on the brink of civil war.Yemen has been gripped by growing turmoil since the Shiite rebels launched a power takeover in Sanaa in February."The geopolitical tensions in Yemen are pushing prices higher," ...

India's power plant operators surge; govt plans to boost LNG imports MUMBAI: Shares of India companies owning gas-operated power plants rose after the government said it will boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants in a bid to fuel economic expansion.Torrent Power Ltd jumped 7.1 percent, GVK Power & Infrastructure Ltd rose 3.2 percent, while Lanco Infratech Ltd rose 4.4 percent."Government will provide subsidy directly to the distribution companies for purchasing gas-based power. This will help the gas-based power ...
Oil prices mixed in Asia before US stockpiles data SINGAPORE: Oil prices were mixed in Asia Wednesday ahead of the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity, analysts said.US benchmark West Texas Intermediate fell 12 cents to $47.39 and Brent was up five cents at $55.16 in afternoon trade.Crude supplies in the United States are expected to have risen in the week ending March 20, according to a survey by Bloomberg News.Inventories ...
China's crude storage nearly full, says Sinopec exec BEIJING: China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia's top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market.China's purchases to fill its strategic petroleum reserves (SPR) was one of the main drivers of Asian demand since August of last year, with the nation's importers buying cheap crude to fill oil tanks despite ...
Asia-Pacific Crude-Firm on lower spot supply SINGAPORE: The Asia-Pacific crude market held firm as most of the cargoes loading in May have been diverted to domestic use.Producers have held back sales due to low bids, opting to process their own crude instead of selling them in the spot market.Vietnam removed 1.1 million barrels of its own crude from the spot market to feed its refinery, although it later offered 850,000 barrels of Bach Ho and Song Doc as replacement. Petronas has ...
Middle East Crude-ESPO premiums hold steady; condensate under pressure SINGAPORE: The Middle East crude market held steady on Wednesday as the focus for May trade has shifted to Iraqi Basra and Russian ESPO in Asia.India's HPCL bought 1 million barrels of both Qua Iboe and Basra Light for May loading via a tender from ExxonMobil and Total respectively, traders said. The prices were not immediately available.Uncertainty over Basra oil supply in May due to Iraq SOMO's plan to split exports into two grades has ...
Oil prices dip as US stock-build drags, China strategic reserves fill SINGAPORE: Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China's strategic reserves could nearly be full.U.S. WTI crude was down 43 cents at $47.08 a barrel at 0728 GMT, while Brent oil futures dropped 29 cents to $54.82 a barrel.The bigger fall in U.S. prices came as American crude stocks were expected to extend their long streak of weekly builds."U.S. crude stocks will build through May ... ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln