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Oil market dips in Thanksgiving lull LONDON: World oil prices drifted lower Thursday in muted trading conditions amid the Thanksgiving Day holiday in top consumer United States.At around 1200 GMT, US benchmark West Texas Intermediate for delivery in January was down 12 cents at $42.92 a barrel.Brent North Sea crude for January shed 51 cents compared with Wednesday's close to $45.66 a barrel.Despite the slender losses, WTI prices held close to $43 after US commercial crude supplies rose at a slower pace, while jitters lingered over the shooting down by Turkey of a Russian warplane."Oil prices are trading largely unchanged at just shy of $46 per barrel (Brent) and just under $43 per barrel (WTI)," said Commerzbank analyst Carsten Fritsch."As such, they are defending for the most part the gains they have accrued since Turkey shot down the Russian fighter jet on Tuesday."Prices rose after Turkey downed a Russian warplane on the Syrian border on Tuesday ...

UK gas prompt prices rise as Norway outage tightens supplies LONDON: British gas prices rose on Thursday on short supplies as flows from Norway were reduced after extended maintenance at one of its fields.Gas for within-day delivery rose 0.45 pence to 37.75 pence per therm by 0904 GMT, while gas for next-day delivery rose 0.25 pence per therm to 37.75 pence per therm.The system was 22 million cubic metres (mcm) short, with demand forecast at 288 mcm while supply was pegged at 266 mcm, National ...
Oil eases on glut, production outlook LONDON: Oil fell on Thursday, after six days of gains, as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut.Brent crude was down 32 cents at $45.71 a barrel at 1122 GMT.Concerns that the downing of a Russian jet by Turkey on Monday helped push up oil prices this week on the risk that rising geopolitical tension could hit Middle East supplies.By Thursday, ...
North Sea Crude-Forties steady, Asian fixtures in focus LONDON: North Sea Forties crude price differentials held steady on Tuesday, drawing support from indications that Asia could absorb more December-loading barrels. Forties is still valued at a discount to dated Brent, where it has traded since the start of October due to ample supply in the Atlantic Basin. A third fixture of a supertanker to take Forties to Asia in December has emerged, raising the chances that at least some of the North Sea's ...
Oil falls as spotlight returns to growing glut, dollar up LONDON/NEW YORK: Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday after Turkey shot down a Russian jet. It had risen for five consecutive days, its longest run ...
Rosneft CEO says calls for non-OPEC output cuts are 'strange' YEKATERINBURG: Igor Sechin, the chief executive of top Russian oil company Rosneft, on Wednesday described calls by OPEC members for non-OPEC members to cut oil output as "strange". Sechin said Rosneft was considering whether to take part in talks with the Organization of the Petroleum Exporting Countries but that no decision had been made. Copyright Reuters, 2015 ...
Bulgaria says Russian gas supplies at normal levels SOFIA: Bulgaria's energy ministry said on Wednesday that Russian gas imports and gas which Moscow pipes through the Balkan country to Turkey, Greece and Macedonia were flowing normally at volumes in line with agreed levels. Russian gas exporter Gazprom said on Wednesday it was halting supplies to Ukraine until Kiev makes a prepayment for supplies and warned of a risk to gas piped to Europe via Ukraine. Bulgaria is almost completely dependent on Russian gas ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
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WeeklyNovember 23, 2015
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