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Asia-Pacific Crude-Steady; Brunei sells Jan Kimanis SINGAPORE: The Asia-Pacific crude market held steady, supported by high freight rates while lighter grades were boosted by strong naphtha cracks.Spot differentials for Malaysia's Kimanis grade held steady, after Petroleum Brunei sold a January cargo of the grade to Shell at $4.10-$4.20 a barrel above dated Brent, traders said.The price was in line with a deal done earlier this month by Petronas, but higher than last month, according to Thomson Reuters data. The deal could not be independently verified.Chinese refinery demand supported Russian ESPO crude. Rosneft sold two cargoes loading Jan 10-15 and Jan 21-26 to ChemChina in a tender at $2.80-$2.90 a barrel above Dubai quotes, traders said.Surgut earlier sold two cargoes for loading in early January at $2.50-$2.70, Reuters data showed.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), held at a 16-month high of $2.80 a barrel.MARKET NEWSOPEC is determined to keep pumping ...

Middle East Crude-ESPO edges up on China demand SINGAPORE: DME Oman fell further into discount in the Middle East crude market on Wednesday, while Russian ESPO crude edged up on strong China demand.Russia's Rosneft sold two cargoes of ESPO loading on Jan. 10-15 and Jan. 21-26 to ChemChina in a tender at $2.80-$2.90 a barrel above Dubai quotes, traders said.Spot differentials for the Russian grade were lower than last month when premiums reached a 16-month high, but higher than deals done earlier this ...
Oil prices turn higher as diplomats seek to ease Middle East tensions SINGAPORE: Oil prices turned higher in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.But the global crude supply glut capped gains ahead of a US Department of Energy report expected to show another build in commercial crude stockpiles, indicating slower demand in the world's top oil consuming nation.Prices had surged Tuesday following the plane shooting which analysts warned could further ...
Oil prices down on diplomatic efforts to ease Middle East tensions SINGAPORE: Oil prices fell in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.Prices had surged Tuesday following the incident which analysts warned could further heighten tensions among key powers involved in the Syrian conflict and affect crude supplies from the oil-producing Middle East.The rally was cut short amid a flurry of diplomatic effort to appease a furious Russian President Vladimir ...
Asia-Pacific Crude-Strong refining margins support SINGAPORE: Robust refinery demand continued to support the Asia-Pacific crude market while high freight rates curbed supply of crude from other regions.Regional light grades have benefited from strong naphtha cracks this month with complex refining margins in the Singapore hub having hovered above $9 a barrel in the past week, up from an average of below $7 a barrel last month.The spike in refining margins was in part due to higher demand for oil products ...
Middle East Crude-Naphtha cracks underpin refinery demand  SINGAPORE: The Middle East crude market was underpinned by strong demand as refiners benefited from low oil prices and high naphtha cracks to secure cargoes.Bahrain's BAPCO may have sold a cargo of Banoco Arab Medium in a tender to an unknown buyer at between flat and 5 cents a barrel above its official selling price (OSP), traders said.The grade recovered in line with other medium grades after being traded at 5-9 cents a barrel discount ...
China's teapot oil refineries set to export fuel for the first time BEIJING: Beijing will allow independent refineries to export refined fuel next year for the first time, sources said, freeing up 20 percent of China's refining capacity for sales abroad as the government aims to cut a local glut and boost investment.The move will allow independent refineries, also known as "teapots" such as Dongying Yatong Petrochemical and Panjin Beifang Asphalt Fuel, to enter the lucrative international market for the first time, raising concerns about a fresh ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln