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Asia-Pacific Crude-Premiums for Vietnam grades rise SINGAPORE: Spot premiums for Vietnamese grades rose in the Asia-Pacific crude market on tighter supply as several cargoes had been diverted to meet domestic demand.PV Oil awarded a tender to sell 600,000 barrels of Bach Ho crude to Glencore at $1.30-$1.50 a barrel above dated Brent for May 15-21 loading, traders said, up from a premium of about $1 in a previous trade for this grade.PV Oil has also sold two 300,000-barrel Ruby crude cargoes to its subsidiary in Singapore and Japanese refiner Taiyo Oil at about $2 a barrel above dated Brent, up about 50 cents from the previous month. These cargoes will load on May 5-12 and 18-25. The deals could not be independently verified.For Russian grades, exports from the Pacific port of Kozmino will hold steady at 27 cargoes in May, same as the record level reached in April, a preliminary loading programme obtained by Reuters showed.Record ...

Middle East Crude-DME Oman firms slightly on Yemen crisis SINGAPORE: DME Oman firmed slightly in the Middle East crude market on Thursday after global prices surged on growing conflict in Yemen.Saudi Arabia and Gulf region allies launched military operations including air strikes in Yemen, officials said, to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni president had taken refuge.There is a concern that the crisis could escalate, exacerbating wider sectarian conflict in the Middle East.Trade sources said there was ...
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 ...
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 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln