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US crude edges lower, China econ data in focus SINGAPORE: US crude futures edged lower on Monday, following gains in the previous four sessions on strong economic data in the United States and worries that the intensifying crisis in Ukraine may trigger more sanctions. Oil prices on both sides of the Atlantic registered their second straight month of losses in August, with Brent down 2.8 percent and US crude falling 2.3 percent. Weak demand and rising global production is weighing on oil despite the intensifying Ukraine crisis which could trigger more sanctions on Russia, Europe's biggest supplier of oil, coal and natural gas. Investors will be watching China's official manufacturing PMI reading on Monday. Any further sign of weakness in factory activity may strengthen fears of a slowdown in the major commodity user, and spur declines in oil. Copyright Reuters, 2014 ...

Brent oil may rise into $103.96-$104.64 range SINGAPORE: Brent oil may rise into a range of $103.96-$104.64 per barrel as its rebound from the Aug. 19 low of $101.07 seems to have extended.The extension has been indicated by a break above a trendline descending from the June 23 high of $115.66.A Fibonacci retracement on the fall the Aug. 8 high of $106.85 to $101.07 reveals resistance at $103.28, the 38.2 percent level, a break above which will confirm the extension towards the ...
Dubai crude Aug average falls to 14-month low at $101.73/bbl SINGAPORE: Dubai crude, as quoted by price-reporting agency Platts, averaged $101.73 a barrel for August, traders said on Monday.The monthly average price is the lowest since June 2013, Reuters data showed.Prices for Dubai, Oman and Oman/Dubai average quoted by Platts are as follows, in dollars per barrel.Middle East producers use these prices as a basis to set their monthly official selling prices. Copyright Reuters, 2014 ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in muted Asian trade Monday ahead of a public holiday in the United States and as dealers digest downcast Chinese manufacturing data, analysts said. US benchmark West Texas Intermediate for October delivery eased 18 cents to $95.78 while Brent crude for October rose seven cents to $103.26 in mid-morning trade. Floor trading in the United States is closed Monday for the Labor Day holiday, and electronic transactions will be used ...
Oil prices up on Ukraine tensions, rosy US data SINGAPORE: Oil prices rose in Asia Friday supported by renewed Russia-Ukraine tensions and upbeat US economic data, analysts said.US benchmark West Texas Intermediate for October delivery was up 11 cents at $94.66 while Brent crude for October advanced 24 cents to $102.70 in mid-morning trade. Ukraine and the West said Thursday that Russian troops are actively involved supporting pro-Kremlin separatists who have been fighting against Kiev's rule since April. NATO said at least 1,000 Russian ...
Middle East crude Oman weakens despite uptick in refining margins  SINGAPORE: The Middle East crude market weakened on Thursday as abundant supply and weak demand continued to weigh on the market despite a slight improvement in refining margins.Shell sold two Dubai partials to Vitol in the Platts window at $100.60 a barrel.Refining margins have improved slightly over the past 10 days, mainly due to improving middle distillate cracks.Murban was discussed at 80-90 cents a barrel below the official selling price (OSP), while Das Blend was ...
Asia Pacific crude brent/Dubai gap narrows; ESPO steady SINGAPORE: The Asia-Pacific crude market held steady on Thursday, although differentials could find support from Brent's narrowing premium to Dubai and lower inflows of West African grades.Differentials for Russia's ESPO crude held steady after Surgut sold three 730,000-barrel cargoes at $1.50-$1.80 a barrel above Dubai quotes.Premiums for the sour grade have ranged between $1.20 and $1.80 a barrel over the last couple of weeks, according to Reuters data.Differentials failed to improve despite lower supply expected ...

 



 
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%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln