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Oil prices mixed ahead of US supply report SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the release of a US stockpiles report for clues about demand in the world's top crude consumer, while upbeat Chinese manufacturing data lent support.US benchmark West Texas Intermediate for August delivery rose one cent to $105.35 while Brent crude for August eased 15 cents to $112.14 in mid-morning trade.With few leads in Asian trading, focus is on the US Energy Information Administration's weekly stockpiles report to be released later Wednesday, analysts said. Reserves are expected to have fallen 1.7 million barrels in the week ended June 27, according to analysts polled by the Wall Street Journal. Gasoline stockpiles likely rose by 200,000 barrels, and stocks of distillates, which include heating oil and diesel, are expected to have climbed 800,000 barrels.Singapore's United Overseas Bank (UOB) said oil prices retained support "on upbeat manufacturing data in China".Chinese manufacturing activity expanded at ...

Middle East crude Saudi Aug OSPs to drop on weak Dubai SINGAPORE: The Middle East crude market held steady on Tuesday as traders eyed new monthly official selling prices (OSPs) to gauge the sentiment for the front-month September trading.Top oil exporter Saudi Arabia is expected to cut August prices of most grades against July on a weaker Dubai market structure and poor margins for most oil products, traders said.The extent of the price cuts would depend on whether state oil giant Saudi Aramco has tweaked a ...
Indonesia to sell 18 Bontang LNG cargoes to BP Trading JAKARTA: Indonesia's energy regulator said on Tuesday it agreed to sell 18 cargoes of liquefied natural gas (LNG) from its Bontang plant to BP Trading through 2015.The agreed price is $14.80 per million metric British thermal units (mmbtu). Eight cargoes will be supplied this year and 10 next year, Widhyawan Prawiraatmadja, deputy of commercial operations at SKKMigas, told reporters.The Bontang plant processes LNG from the gas fields in the Mahakam River delta in East Kalimantan, ...
Oil prices rise on weak dollar SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said.US benchmark West Texas Intermediate for August delivery rose 35 cents to $105.72 while Brent crude gained 24 cents to $112.60 in afternoon trade."We are seeing oil prices gain a bit following the weakening of the US dollar from last week," Ric Spooner, chief market analyst at CMC ...
Oil prices rise on weak dollar SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said. US benchmark West Texas Intermediate for August delivery rose 23 cents to $105.60 while Brent crude gained eight cents to $112.44 in late-morning trade. "We are seeing oil prices gain a bit following the weakening of the US dollar from last week," Ric Spooner, chief market analyst ...
Japan's oil imports from Iran drop 23.7 percent in May TOKYO: Japan's crude oil imports from Iran in May fell 23.7 percent from a year earlier to 181,892 barrels per day (896,474 kilolitres), data from the Ministry of Economy, Trade and Industry (METI) showed on Monday.The significant drop came after Japan took an unusually large volume of nearly 240,000 bpd for May last year, after slashing purchases last April amid uncertainty over whether buyers could get sovereign insurance for tankers carrying Iranian petroleum.Copyright Reuters, 2014 ...
Japan may cut oil refining capacity by up to 10pc TOKYO: Japan may cut crude refining capacity by as much as 10 percent, or 400,000 barrels per day (bpd), under a second round of reductions to be forced on the country's refiners amid forecasts for a continuing decline in oil product demand.Cuts mandated by the government in 2010 pushed refineries to axe nearly 1 million bpd by the end of March, but the industry ministry thinks Japan will still have excess capacity, as demand for ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln