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Japan's JX shuts 110,000 bpd Mizushima topper unit after fire TOKYO: JX Nippon Oil & Energy Corp, Japan's top oil refiner and a unit of JX Holdings Inc, said it shut its 110,000 barrel-per-day (bpd) No. 3 topper unit at its Mizushima B refinery in western Japan after a fire broke out on Monday.The fire occurred near a heating furnace of the topper unit around 5:20 p.m. (0820 GMT) on Monday and was extinguished by 7:45 p.m. (1045 GMT), the company said in a statement. No one was injured.The company is investigating the cause of the fire and it does not know when the unit will restart, a spokesman said. It will maintain output by using stockpiles or increasing production at other facilities, he said. Copyright Reuters, 2013 ...

Oil prices down on US debt ceiling concerns SINGAPORE: Oil prices edged lower in Asian trade Monday on growing concerns the US budget crisis could spiral into a devastating debt default and ravage the global economy. New York's main contract, West Texas Intermediate for delivery in November fell 49 cents to $103.35 in afternoon trade, while Brent North Sea crude for November eased 35 cents to $109.11.The US government shutdown looks set to drag into day seventh on Monday, as a series of ...
Brent oil biased to break resistance at $109.85 SINGAPORE: Brent oil is biased to break resistance at $109.85 and rise further to $110.60, driven by a wave c.This is the third wave of a double-zigzag that started at the Oct. 1 low of $106.81. The first leg labelled a has completed, apparently consisting of five smaller waves marked 1, 2, 3, 4, 5.These five waves simply indicate the short uptrend from $106.81 has not finished, instead, it may rise faster towards $110.60, the ...
Oil prices slip further on US budget stand-off SINGAPORE: Oil prices retreated in Asian trade Friday as traders grow increasingly concerned at the lack of a breakthrough in the US budget stand-off that has closed parts of the government down. New York's main contract, West Texas Intermediate for delivery in November, eased 15 cents to $103.16 in mid-morning trade while Brent North Sea crude for November dipped 28 cents to $108.72."Oil prices continue to drift downwards as there hasn't been any concrete steps ...
Oil prices slip on fears of protracted US shutdown SINGAPORE: Oil prices slipped in Asian trade Thursday as investors fretted about the impact on oil demand of any protracted US government shutdown.New York's main contract, West Texas Intermediate (WTI) for delivery in November, fell 48 cents to $103.62 in afternoon trade. Brent North Sea crude for November eased 38 cents to $108.81.WTI had jumped $2.06 in New York trade Wednesday on news about the near-completion of a key US Gulf Coast pipeline, but the ...
Brent slips below $109 as US shutdown drags on, stockpiles jump SINGAPORE: Brent futures slipped below $109 a barrel on Thursday, after posting their biggest gain in two weeks in the previous session, on worries a prolonged US government shutdown would hurt demand in the world's biggest oil consumer.President Barack Obama met with Republican and Democratic leaders in Congress to try to break a budget deadlock that has shut wide swaths of the federal government, but after more than an hour of talks there was no ...
Lebanon launches onshore oil and gas survey BEIRUT: Lebanon launched an onshore oil and gas survey on Wednesday, hoping that promising results from surveys of its Mediterranean waters can be matched by similar prospects onland.Energy Minister Gebran said he hoped the results of the first onshore 2-D seismic survey near Batroun, about 40 km (25 miles) north of Beirut, would be available by the end of the year.Bassil said in May that the offshore seismic surveys indicated Lebanon has at least 30 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln