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Brent pares gains as oil glut returns to the fore LONDON: Brent crude prices pared gains on Thursday as the market weighed a burst of optimistic news on demand against the global overhang of physical oil. US stockpiles of crude and gasoline fell last week, data from the Energy Information Administration (EIA) showed on Wednesday, bolstering sentiment about the US market. But US crude futures turned negative as problems with a major refinery in the US Midwest cast doubt on the country's ability to process its own crude oil.Benchmark North Sea Brent crude oil was trading 20 cents higher at $49.86 a barrel at 1148 GMT after hitting a high of $50.39. US crude was down by 20 cents at $43.10 per barrel. Some market analysts were doubtful that Brent, which has fallen nearly 30 percent in the past three months, could hold on to its recent gains. "This is short-term supportthere is still excess in oil production," said Abhishek ...

Oil prices fall after China devalues yuan LONDON: Oil prices fell on Tuesday after China devalued its currency in its latest effort to prop up economic growth, making dollar-priced commodities more expensive and weighing on the oil demand outlook for the world's top energy consumer. A slowdown in China's economy, which is still expected to grow by around 7 percent annually, has been a key driver for the sharp drop in oil prices over the past year along with rising global supplies. ...
West Africa Crude: Ample supply weighs on differentials LONDON: Price differentials of West African crude were under pressure on Tuesday, as ample supply of September loading oil was available shortly before crude for October comes to market. There were seven or eight cargoes of Angolan oil for sale, some of which were re-offered after initially finding a buyer. Cargoes for October export are set to come to the market by next Monday. Angolan oil has tended to sell relatively quickly as it of ...
Europe Gasoline/Naphtha: Gasoline slips, but late summer fixtures possible LONDON: European gasoline barge prices slipped on Tuesday, following Brent crude futures down, but this raised hopes that shipments to the United States could revive before the summer driving season comes to an end.Very few gasoline cargoes have been booked over the last few days, with some market participants taking the view that US seasonal demand is beginning to slacken off, while arbitrage economics have been unhelpful.Loading and discharging delays at terminals in the Amsterdam-Rotterdam-Antwerp ...
Oil prices drop on China currency move LONDON: Oil prices fell Tuesday, mirroring sentiment across commodity markets, after China devalued its currency to help boost its economic growth. Crude prices had already been falling in recent weeks owing to a global supply glut despite forecasts of demand growth. US benchmark West Texas Intermediate for September delivery fell 83 cents to $44.13 a barrel compared with Monday's close. Brent North Sea crude for September dropped 66 cents to stand at $49.75 a barrel ...
Brent oil hits six-month low after Chinese trade data LONDON: Crude oil futures touched multi-month lows on Monday after a weekend of mixed data from China showing higher oil imports in July but weaker trade figures overall, hurting sentiment across the commodities markets.Brent was down 19 cents at $48.42 a barrel at 0854 GMT, after touching $48.24 earlier in the session, the lowest in over six months.US crude was down 18 cents at $43.69 after hitting an intraday low of $43.35 in Asian trading. ...
Oil prices dip at end of turbulent week LONDON: Oil prices eased on Friday at the end of a week in which they hit multi-month lows, extending a prolonged losing run caused by a global supply glut.US benchmark West Texas Intermediate (WTI) for delivery in September dipped three cents to $44.63 a barrel compared with Thursday's close.Brent North Sea crude for September shed 30 cents to stand at $49.22 a barrel in London afternoon deals.A glut of crude oil supply is seen as ...


Index Closing Chg%
Arrow DJIA 16,912.29 0.73
Arrow Nasdaq 4,791.15 0.90
Arrow S&P 1,995.83 0.80
Arrow FTSE 6,336.35 0.16
Arrow DAX 9,970.40 0.68
Arrow CAC-40 4,667.34 0.14
Arrow Nikkei 18,322.98 0.75
Arrow H.Seng 22,515.76 3.13
Arrow Sensex 27,035.85 0.38

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln