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Oil prices down in Asian trade SINGAPORE: Oil prices slipped in Asian trade Thursday as dealers squared their positions after a rally spurred in part by hopes of a resolution to the Ukraine conflict.US benchmark West Texas Intermediate for October delivery fell 40 cents to $95.14 while Brent crude for October eased 55 cents to $102.22 in late-morning trade. "We are seeing a continuation of a trend where there is a reversal in Asia-Pacific trading of certain impulse moves in the prior trading session," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP. WTI gained $2.66 in New York trade Wednesday, recovering from a more than $3 dollar drop the prior day, as Russian President Vladimir Putin unveiled a peace plan for Ukraine to end the months-long conflict that has taken some 2,600 lives. Brent jumped $2.43 in London trade to $102.77, coming back from a fall Tuesday to its lowest level since ...

Brent oil to retrace to $101.38 SINGAPORE: Brent oil is expected to retrace to $101.38 per barrel, as it failed to break resistance at $103.34.The resistance has been identified as the 38.2 percentFibonacci retracement on a five-wave cycle that developed from the July 25 high of $108.46. A correction towards the 14.6 percent level of $101.38 could have been triggered.A break below $101.38 could cause a further loss to $100.17, while a break above $103.34 will open the way towards $104.32, ...
Asia Pacific crude-PTT, Pertamina tenders in focus SINGAPORE: The Asia-Pacific crude market held steady on Wednesday as traders await tender results from PTT and Pertamina to gauge demand and price direction for November-loading cargoes trading this month.PTT closed a monthly tender to buy sweet crude for Nov. 1-5 delivery on Tuesday with offers remaining valid until late Wednesday.Pertamina has offered 600,000 barrels of Saharan Blend for loading on Oct. 20-25 in a tender that will close on Thursday with bids valid until ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded on bargain-hunting in Asia Wednesday after falling to multi-month lows owing to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 38 cents to $93.26 while Brent crude for October gained 42 cents to $100.76 in afternoon trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday on bargain-hunting after falling to multi-month lows due to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 39 cents to $93.27 while Brent crude for October gained 37 cents to $100.71 in late-morning trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in ...
Ecopetrol tenders to buy a gasoline cargo for Sept-Oct HOUSTON: Colombia's state-run Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 to be received from September 30 to October 4 at Pozos Colorados, according to a document seen by Reuters on Tuesday.The oil company has been increasing imports of finished fuels since its 80,000 barrel per day (bpd) Cartagena refinery in March started a major expansion program that will last until the second quarter of 2015. For this ...
Asia Pacific crude steady, refining margins support SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with most October-loading cargoes sold out.Traders said they expect a slight rebound in differentials this month on improved refining margins and seasonal demand, with an overhang of cargoes in Asia slowly easing.Complex refining margins in the Singapore hub have improved to an average of $4.85 a barrel in the last week, up from $3.66 a barrel in August.Still, some suggested September-loading cargoes could be stored, which ...

 



 
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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 15, 2014
Reserves $13.414 bln