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Middle East Crude: Strengthens ahead of OSPs SINGAPORE: DME Oman and cash Dubai strengthened in the Middle East crude market on Tuesday ahead of announcements of official selling prices (OSPs) from Gulf producers this week.Cash Dubai's discount to Dubai swaps narrowed to about 50 cents from close to $1 in the previous session after Shell bought most of the partials transacted in the window, traders said.Saudi Aramco is likely to be the first among Gulf crude producers to release OSPs. The world's top exporter is expected to keep prices little-changed for most of its crude to Asia in June from May.Strong demand for Middle East crude in Asia and the peak summer cooling demand season in Saudi Arabia could lead to moderate price hikes, analysts at JBC Energy said in a note."One other factor that should be taken into consideration was record buying of Dubai partials in the Platts MOC window that appears to have had no ...

Brent inches towards $67, despite weak China factory activity SINGAPORE: Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. China, the world's second-largest oil consumer, posted its biggest drop in factory activity in a year to 48.9 in April, a private business survey showed on Monday. The sub-50 point level indicates a contraction compared with the previous month.The data came on the ...
Philippines offers 21 sites for geothermal, hydro projects MANILA: The Philippines opened a tender process on Monday for 21 geothermal and hydro sites for exploration and development, hoping to expand its sources of indigenous energy and cut dependence on imported fuel, while offering opportunities to investors. The Department of Energy (DOE) said it had received 39 bids to explore and develop a total of 16 sites - two for geothermal and 14 for hydro - from companies that included Energy Development Corp, the ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Monday as dealers eyed lacklustre manufacturing data from China, which raised concerns about weak demand from the world's top energy consumer, analysts said.US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.Financial markets in Japan, Thailand and Malaysia were closed for a public holiday.Analysts said oil prices weakened in reaction to data from global banking giant HSBC showing ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday after first quarter US economic growth fell short of forecasts but a weaker dollar and easing US crude production provided support, analysts said.US benchmark West Texas Intermediate for June was up eight cents at $58.66 in late-morning trade, while Brent for June fell 27 cents to $65.57 a barrel.The US Commerce Department said Wednesday that the world's biggest economy and top oil consuming nation stalled in the ...
Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Wednesday on expectations the latest US stockpiles report will show a further surge in crude reserves, worsening a global supply glut, analysts said. US benchmark West Texas Intermediate fell 18 cents to $56.88 while Brent crude slipped 16 cents to $64.48 in mid-morning trade. The Department of Energy (DoE) will release its weekly report later Wednesday. Crude reserves are expected to have increased by 2.9 million barrels in ...
Tokyo stocks up 0.50pc by break TOKYO: Tokyo stocks rose 0.50 percent on Tuesday morning, led by a surge in factory robotics giant Fanuc, while investors await full-year earnings by major Japanese firms and a US Federal Reserve policy meeting. The Nikkei 225 index at the Tokyo Stock Exchange added 99.01 points to 20,082.33 by the break, while the Topix index of all first-section shares was up 0.53 percent, or 8.50 points, at 1,627.57.A drop in the yen has lifted hopes ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln