Japanese oil imports increased by 11.3% last month

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Source: Commodityonline
Japan's oil imports increased by 11.3% in March on a yearly basis, reported METI. Total crude oil imports attained 130.52 million barrels, with Saudi Arabia remaining the largest supplier. Meanwhile, oil purchases from Iran tumbled by 36.4% year-to-year, signaling that Japan attempts to align its crude oil buying with the US sanctions.


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Mon, 30 Apr 2012 14:05:45 GMT

Italy's inflation rate stayed at 3.8%

Inflation rate in Italy hit six-month high this month, being elevated by growing energy costs and austerity measures such as tax increases. Italy's inflation rate remained unchanged at 3.8%, reported Istat. The figure is higher than Bloomberg's forecast of 3.6%. Meanwhile, consumer confidence dropped to the lowest level since 1996, indicating that the country's economic state has been deteriorating.

Mon, 30 Apr 2012 13:43:44 GMT

Euro Zone's CPI flat in April

Euro Zone's CPI was flat in April, approaching 2.6% on a seasonally adjusted basis. Experts predicted the prices to increase to 2.5% while the ECB target for the CPI is below 2%. After the release of data, the Euro stayed lower against its US counterpart and EUR/USD traded at 1.3239, retreating by 0.11%.

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