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India SINGAPORE: India's second largest state-run refiner, Bharat Petroleum Corp Ltd (BPCL), bought 1 million barrels of sweet crude in a tender, bringing its total spot volume for November loading to 3 million barrels, traders said on Friday.   The refiner bought 1 million barrels of Nigerian Agbami from Chevron to load on November 21-30, they said. The price was not available.   BPCL previously bought 1 million barrels of Nemba from Chevron and the same volume of Mellitah condensate from Morgan Stanley to load in November.   Copyright Reuters, 2012 ...

Naphtha SINGAPORE: Naphtha's prompt October East-West (EW) spread, the differential between Asian and European prices, fell to a near six-month low on Friday as Asian supplies shrank due to strong gasoline demand in Europe.   The recent strength in gasoline prices in the West prompted the diversion of naphtha towards gasoline blending, leaving fewer cargoes for export towards Asia.   Naphtha can be reformed into gasoline.   Fuel oil's inter-month premiums were largely steady. Physical supply was seen ample on expectations for ...
South Korean refiner lifts Iranian crude cargo  SEOUL: South Korean refiner Hyundai Oilbank has loaded a cargo of crude in Iran for delivery later this month, a company source said on Friday, while a cargo for refiner SK Energy arrived this week as Seoul resumes imports following a two-month gap.   The north Asian country has restarted Iranian oil imports of about 6 million barrels per month, or 200,000 barrels per day (bpd) of full contracted volumes, after a way was found to get ...
US oil signals mixed  SINGAPORE: Signals look mixed for US oil as the sudden surge on Thursday has complicated the chart pattern.   Apparently, the surge was due to a support at $87.60, the 50 percent Fibonacci projection level of a downward wave C. It could be unusual that this wave has completed as it is much shorter than the wave A.   On the other hand, the strength of the surge signals a possible completion of the fall from the Sept. 14 ...
India NEW DELHI: India's Tata Power is looking for more overseas coal assets, a top executive said, joining the growing number of companies in the energy-hungry nation looking to secure supplies abroad amid a widening domestic shortfall.   "We are continuously looking at the other geographies and today, the options are the US, Colombia and Africa," Managing Director Anil Sardana said, pointing to logistics, cost and sustainability of contracts.   "There are countries where you can't be sure that you ...
Oil India, IOC buy stake in US shale assets for $82.5mn  NEW DELHI: Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale asset in Colarado for $82.5 million, the companies said in a statement.   Oil India will acquire 20 percent and Indian Oil Corp will get 10 percent in Carrizo's Niobrara basin acreage assets through their respective subsidiaries.   "The total investment for the two companies would be around $82.5 mln , including ...
Myanmar seeks to cut gas exports to Thailand to meet own needs  YANGON: Myanmar wants to renegotiate natural gas export deals with neighbouring Thailand, a senior Energy Ministry official said, as the country maps out ways to tackle crippling domestic power shortages and reassure potential investors.   Myanmar's government is hoping to reach an agreement to retain 200 million cubic feet per day of natural gas from the 1 billion cubic feet per day it currently exports to Thailand, which comes mainly from offshore blocks, the official added.   "Under the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln