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Japan crude imports from Iran fall 32.3pc in February y/y TOKYO: Japan's crude oil imports from Iran in February fell 32.3 percent from a year earlier to 953,848 kilolitres (214,268 barrels per day), the Ministry of Economy, Trade and Industry (METI) data showed on Friday, as the world's third-biggest oil consumer seeks a waiver from US sanctions.Japan's Ministry of Finance recently issued customs-cleared imports data from Iran, but the oil industry considers METI data as a benchmark because it tracks the actual import status of oil tankers.Copyright Reuters, 2013 ...

Vietnam raises fuel prices by up to 6.2pc: ministry HANOI: Fuel distributors in Vietnam have raised the retail petrol price by 6.2 percent to 24,580 dong ($1.18) per litre, the first price change so far this year, the Finance Ministry said on Thursday.The diesel price was raised by 1.7 percent to 21,912 dong per litre while that of kerosene was increased by 2.2 percent to 22,080 dong a litre, the ministry said in a statement. Copyright Reuters, 2013 ...
Oil mixed in Asian trade SINGAPORE: Oil was mixed in Asia on Wednesday as traders took a breather after strong economic data from the United States pushed prices to a five-week high, analysts said.New York's main contract, light sweet crude for delivery in May, dropped 12 cents to $96.22 a barrel and Brent North Sea crude for May delivery gained two cents to $109.38.Prices touched their highest point in five weeks on Tuesday, helped by firm US economic data."Oil is ...
Brent steady near $108 on worries over Cyprus, euro zone oil demand SINGAPORE: Brent crude remained steady above $108 a barrel on Tuesday on concerns the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again feeding worries about the European economy and its demand for oil.Jeroen Dijsselbloem, head of the Eurogroup for euro zone finance ministers, said the Cyprus bailout represented a new template for resolving regional banking problems and other nations might have to restructure banking sectors to adapt.His comments ...
Brent climbs above $108 after Cyprus rescue plan approved SINGAPORE: Brent crude rose above $108 on Monday, as hopes brightened for a revival in demand after euro zone ministers approved an EU-IMF plan for restructuring Cyprus's banking sector, averting a worsening crisis for the region.Cyprus clinched a last-ditch deal with international lenders for a $13-billion bailout that will shut down the Mediterranean island's second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians. Asian shares, base metals and most risk assets rose ...
Sinopec 2012 profit falls 12.8pc HONG KONG: China Petroleum and Chemical Corp (Sinopec Corp) reported a 12.8 percent fall in 2012 net profit on Sunday, due to a drop in revenues from its upstream and chemicals businesses. Asia's largest refiner and China's second largest oil and gas company's net profit fell to 63.88 billion yuan ($10.28 billion) from 73.22 billion in 2011, under international accounting standards. This compared with a consensus forecast of 62.6 billion yuan from 30 analysts polled ...
India to set up fund to cover refiners using Iranian oil NEW DELHI: India plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned they would be forced to halt imports from the sanctions-hit nation, the federal oil secretary said on Sunday. Mangalore Refinery and Petrochemicals Ltd (MRPL) and Essar Oil have said they would halt imports from Iran because of insurance problems, Vivek Rae told reporters. Europe and the United States last year introduced tough ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln