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Asia Pacific crude steady; Sakhalin Energy sells Vityaz SINGAPORE: An overhang of October-loading cargoes weighed on the Asia-Pacific crude market on Monday, although improving refining margins may provide some support.Sakhalin Energy sold 730,000 barrels of Vityaz crude loading Nov 5-12 at around $2 a barrel above Dubai quotes.Premiums for the light sweet grade have dropped over the last two months in line with other Russian grades such as ESPO and Sokol due to ample supply and a strong Dubai benchmark.Vityaz fetched premiums of between $1.30 and $2.50 a barrel for October-loading cargoes, according to Reuters data. Sakhalin Energy may issue its monthly tender next week for one November-loading cargo.Indonesia's Petral closed a tender on Monday to buy sweet crude for arrival in November.The result of another import tender that closed last week was not known. In a third tender, Petral, the trading arm of state-owned Pertamina, last week bought 600,000 barrels of Su Tu Den.Su Tu Den among ...

Oil prices up in Asian trade SINGAPORE: Oil prices rose in Asia Monday but gains were capped as a disappointing US jobs report tempered sentiment about demand in the world's top crude consumer, analysts said.US benchmark West Texas Intermediate for October delivery rose 19 cents to $93.48 while Brent crude for October gained five cents to $100.87 in afternoon trade. "The unexpectedly weak US jobs number puts doubt in the US economic outlook and in turn, weakened oil demand," Singapore's United ...
Oil prices down after weak US jobs report SINGAPORE: Oil prices dipped in Asia Monday as a disappointing US jobs report tempered sentiment about demand in the world's top crude consumer, analysts said.US benchmark West Texas Intermediate for October delivery eased one cent to $93.28 while Brent crude for October fell seven cents to $100.75 in late-morning trade. "The unexpectedly weak US jobs number puts doubt in the US economic outlook and in turn, weakened oil demand," Singapore's United Overseas Bank said in ...
Brent oil to test support at $101.38 SINGAPORE: Brent oil is expected to test a support at $101.38 per barrel, a break below which will lead to a further loss to $100.17.The support is provided by the 14.6 percent Fibonacci retracement on the downtrend from the July 25 high of $108.46 to the Sept. 2 low of $100.17, working as a barrier towards $100.17.A failure to break the support would signal that the rebound from $100.17 may extend. Resistance will be at ...
Brent holds near $102, heads for weekly drop as firm dollar hurts SINGAPORE: Brent crude retained most of its overnight losses and steadied near $102 a barrel on Friday, heading for a third weekly drop in four as a firmer dollar weighed, although data showing lower crude stocks in the United States kept a floor under prices. Oil prices on both sides of the Atlantic fell nearly $1 on Thursday as a surprise cut in interest rates by the European Central Bank led to a spike in ...
China CNOOC starts fuel exports from Huizhou refinery BEIJING: China National Offshore Oil Corp has started oil product exports, the company said on Friday, joining oil majors Sinopec and PetroChina to conduct overseas sales from its own refinery. The sales by CNOOC are expected to drag on margins for oil products in Asia at a time when new refining capacity and upgrades have sharply increased supply in the region. CNOOC, parent of China's top offshore oil producer CNOOC Ltd , loaded its first ...
Oil prices up in Asia amid volatile trading SINGAPORE: Oil prices rose in Asia Friday as dealers digested a mixed US inventory report and a new round of interest rate cuts by the European Central Bank, while keeping watch on the Ukraine conflict.US benchmark West Texas Intermediate for October delivery gained 31 cents to $94.76 while Brent crude for October delivery was up 27 cents at $102.10 in late-afternoon trade.Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, ...

 



 
Index Closing Chg%
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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 18, 2014
Reserves $13.525 bln