All
 

 

Just in:  

You are here: Home»Markets»Commodities»Europe

Europe

Archive

Russia's natural resources minister wants shale oil regulation eased MOSCOW: Russia needs to lighten regulation to exploit unconventional oil deposits, including shale, its natural resources minister said, as conventional resources dwindle and Western sanctions limit access to foreign technologies and financing.The world's top oil producer, believed to hold most of the world's shale oil, extracts less than a million tonnes a year from unconventional sources, including heavy, tight and shale. It pumps conventional oil near its capacity of about 10.5 million barrels per day, with the bulk still coming from depleting western Siberian deposits.Moscow was counting on technology and funding from abroad to increase its shale production before sanctions were imposed this year over its stance on the Ukraine crisis."Russia is facing serious challenges. It is essential to clearly understand which sources will allow sustaining a mineral resources production level essential for the country's economic development," Sergei Donskoi said.Tapping shale oil has become increasingly unprofitable in Russia as oil ...

Oil climbs to $86 as China oil demand rises LONDON: Brent crude oil rose to around $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, rising 8 percent in September from a year ...
Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
Soy hits 1-week low on favourable US harvest weather LONDON: Chicago soybean futures fell to a one-week low and corn prices also weakened on Monday with drier weather in the U.S. Midwest set to allow harvesting to accelerate.Wheat prices also lost ground weighed by weakening demand from the feed sector.November soybeans on the Chicago Board of Trade were off 1.1 percent at $9.41-1/4 a bushel at 1023 GMT after earlier touching a one-week low of $9.40-1/4."The weather is looking great and it will help ...
Copper slips as Chinese growth, supply weighs SYDNEY/LONDON: Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals.Asia-based traders also noted that copper's fundamentals looked shaky compared with other base metals as a wave of fresh supply worked its way into the market.Last week's 17.5 percent increase in copper inventories monitored by the Shanghai Futures Exchange was ...
Arabicas slide on forecasts for wetter weather in Brazil LONDON: Arabica coffee futures on ICE fell almost 5 percent on Monday on forecasts for wetter weather in the coffee-growing areas of top producer Brazil.Raw sugar futures rose in light volumes in reaction to data showing that speculators had increased a net short position in the week to Oct. 14, against a backdrop of heavy supplies as the cane crush wound down in centre-south Brazil.Cocoa on ICE dipped as worries eased over the potential impact ...
Gold tipped to decline for third straight year in 2015 LONDON: Gold prices will lag industrial precious metals platinum and palladium in 2015, analysts polled by Reuters predict, as a gradually stabilising world economy favours raw materials over so called "defensive" assets.A poll of 30 analysts conducted by Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year, against $1,270 an ounce predicted for 2014. That would represent a third consecutive year of losses.A similar survey in ...

 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln