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Brent holds steady above $105 on geopolitical tension ahead of inventory data SINGAPORE: Brent held steady above $105 a barrel on Tuesday despite ample crude supplies, supported by political tension in the Middle East and North Africa and expectations that data will show a further draw on US crude inventories last week. But gains were checked as investors waited for economic data from the United States and Europe later on Tuesday to give the market direction. Brent crude rose for the second straight session, climbing 14 cents to $105.55 by 0354 GMT, after gaining 57 cents on Monday. US crude was up 12 cents at $98.41, after rising 41 cents to settle at $98.29 a barrel."The market is relatively complacent - we're oversupplied with oil. Traders are trying to work out the next driver," said Jonathan Barratt, chief investment officer at Sydney-based wealth management firm Ayers Alliance. Investors were concerned about the situation in the Middle East, North Africa and Ukraine, but ...

Oil prices up on reviving Middle East supply fears SINGAPORE: Oil prices rose in Asia Tuesday on reviving fears of supply disruptions in the Middle East, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 14 cents to $98.43, while Brent crude for September gained 19 cents to $105.60 in mid-morning trade. "We haven't seen signs so far that the ongoing conflicts in the Middle East could cause disruptions, but those concerns are still there at the back of investors' minds," ...
Asia-Pacific crude Brent/Dubai gap near 4-year low; Sokol weaker SINGAPORE: Brent's premium to Dubai crude fell to the lowest in nearly four years, while differentials for Sokol crude oil dropped amid overall weak demand from refiners, traders said on Monday.Brent-Dubai Exchange of Futures for Swaps (EFS) <DUB-EFS-1M>, or Brent's premium to Dubai swaps, narrowed 58 cents to $1.22 a barrel, the lowest in nearly four years.India's ONGC sold 700,000 barrels of light sweet Sokol crude loading over Oct. 2-5 to Glencore at less than ...
Middle East crude Dubai linked grades under pressure SINGAPORE: Dubai-linked crude grades, such as Russian Sokol, came under pressure in Asia on Monday after the spread between the Middle East marker to Brent hit the narrowest in close to four years.Brent-Dubai Exchange of Futures for Swaps (EFS) for September was valued at $1.22 a barrel, down 58 cents from Friday's close and the narrowest since September 2010.The spread traded as low as $1.20 after Monday's settlement, a trader said.A comparatively stronger Dubai versus ...
Japan&#39;s Hiroshima Gas to buy LNG from Osaka Gas TOKYO: Japan's Hiroshima Gas Co said it has agreed to buy 50,000 to 130,000 tonnes per year of liquefied natural gas (LNG) from Osaka Gas for about 15 years from 2016. The supplies will be delivered on an ex-ship basis via LNG vessels chartered by Osaka Gas, Hiroshima Gas said. Copyright Reuters, 2014 ...
Brent edges up to $105 but surplus oil still weighs on prices SINGAPORE: Brent crude rose to $105 a barrel on Monday to come off of a four-month low hit in the previous session, with worries about global oversupply still outweighing concerns about violence in the Middle East and North Africa. Forecasts for a supply glut in West African and European markets help to push the Brent benchmark down 3.3 percent last week, despite geopolitical tension in Iraq, Libya and Ukraine. Strong US economic data that signalled ...
India ONGC sales premium falls as tight supply eases SINGAPORE: India's Oil and Natural Gas Corp (ONGC) has sold a late August naphtha cargo at close to $23 a tonne above Middle East quotes on a free-on-board (FOB) basis, about 26 percent lower than two cargoes it sold recently, traders said on Monday. The 35,000-tonne cargo, scheduled for Aug. 23-24 loading from Hazira, was sold to Unipec on Aug. 1, coming at a time when tight supplies have eased and traders were seen with ...


Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln