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Brent falls below $104 after brief recovery from 13-month low SINGAPORE: Brent crude fell below $104 a barrel on Thursday, after briefly bouncing in the previous day off a 13-month low, on ample supplies and concerns about weak demand despite the ongoing political turmoil in Iraq and Ukraine.Oil exports from Libya's Ras Lanuf port have resumed after an oil tanker carrying 670,000 barrels of crude left its oil terminal. This was its first shipment since the port was reopened following a year of blockades by armed protesters.Besides the abundant supply, there were also concerns about demand after an unexpected increase in U.S. crude stocks. Its inventories rose by 1.4 million barrels last week, data from the Energy Information Administration (EIA) showed on Wednesday, against analysts' expectations for a 2 million-barrel drop in stocks.September Brent crude fell 50 cents to $103.78 a barrel by 0247 GMT after settling at $104.28 on Aug. 13.The September contract expires on Thursday.U.S. crude was down ...

Oil prices mixed after IEA slashes demand forecast SINGAPORE: Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015 while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.US benchmark West Texas Intermediate for September rose four cents to $97.41 in afternoon Asian trade, after declining 71 cents in New York. Brent crude for September delivery was down 31 cents at $102.71. It fell $1.66 to finish at $103.02 in ...
China's July implied oil demand falls 6pc from June BEIJING: China's implied oil demand dropped 6 percent in July from June as crude runs fell slightly and the world's largest energy consumer exported its highest net volume of fuel so far this year.Elsewhere, in another worrying sign for the economy, the value of new loans fell 64 percent in July. Beijing stepped up efforts to re-energise the economy in June, but analysts say more support may be needed to sustain a recovery.China consumed roughly ...
Asia Pacific crude steady; Brent's premium to Dubai falls below $1 SINGAPORE: The Asia-Pacific crude market held steady on Wednesday as trading for October-loading cargoes was slow to begin, although strong competition from sellers in West Africa and Latin America could weigh on demand for regional grades.Brent's premium to Dubai crude fell below $1 a barrel for the first time in over four years, as a glut of oil in the Atlantic Basin and in Asia weighed on the European benchmark.Brent-Dubai Exchange of Futures for Swaps ...
Middle East crude Oman weakens as supply rises SINGAPORE: The Middle East crude market weakened on Wednesday with Oman slipping into a wider discount against Dubai as ample supply weighed.Geopolitical tensions showed little signs of disrupting supply with OPEC's production hitting a five-month high of 30.44 million barrels per day (bpd) in July, according to the International Energy Agency.Iraq has also scheduled to export about 2.4 million barrels per day (bpd) of Basra Light crude in September, up from 2.2 million bpd in ...
Oil prices mixed after IEA slashes demand forecast SINGAPORE: Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015 while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.US benchmark West Texas Intermediate for September rose four cents to $97.41 in afternoon Asian trade, after declining 71 cents in New York. Brent crude for September delivery was down 31 cents at $102.71. It fell $1.66 to finish at $103.02 in ...
Oil prices extends losses after IEA slashes demand forecast SINGAPORE: Oil prices extended losses in Asia Wednesday after the International Energy Agency slashed it demand outlook for 2014 and 2015, while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.US benchmark West Texas Intermediate for September fell 19 cents to $97.18 in mid-morning Asian trade, after declining 71 cents in New York. Brent crude for September delivery was down 24 cents at $102.78. It fell $1.66 to finish at $103.02 in ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln