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Oil prices rebound in Asia SINGAPORE: Oil prices rebounded on bargain-hunting in Asia Wednesday after falling to multi-month lows owing to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 38 cents to $93.26 while Brent crude for October gained 42 cents to $100.76 in afternoon trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in London to $100.34. It had fallen to as low as $100.17, its lowest level since May 2013."The oil market is recovering after the surge in the US dollar put a downspin on commodity prices, including crude oil," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP. The US dollar bought 105.20 yen in Asia Wednesday, compared with 104.06 yen on Friday before the long weekend in the United States. US markets were shut ...


Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday on bargain-hunting after falling to multi-month lows due to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 39 cents to $93.27 while Brent crude for October gained 37 cents to $100.71 in late-morning trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in ...

Oil prices sink to multi-month lows on demand concerns NEW YORK: US oil prices plunged more than $3 Tuesday following weak manufacturing data from China and Europe and amid generous supplies around the world.US benchmark West Texas Intermediate for October delivery sank $3.08 to $92.88 a barrel on the New York Mercantile Exchange, its lowest level since January. NYMEX was closed Monday due to the Labor Day holiday in the US.European benchmark Brent oil for October delivery fell $2.45 to $100.34 a barrel. Earlier ...

Pelotas Basin, near Uruguay, in 2015 oil auction: source RIO DE JANEIRO: The Pelotas Basin, just north of Uruguay, is expected to be included in a licensing round for oil exploration blocks in Brazil next year and is likely to be one of the main draws, a source from the national regulator ANP told Reuters on Tuesday. The opening up of this new area could extend a string of large offshore discoveries which already stretch for more than a thousand kilometres from Brazil's state ...

Ecopetrol tenders to buy a gasoline cargo for Sept-Oct HOUSTON: Colombia's state-run Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 to be received from September 30 to October 4 at Pozos Colorados, according to a document seen by Reuters on Tuesday.The oil company has been increasing imports of finished fuels since its 80,000 barrel per day (bpd) Cartagena refinery in March started a major expansion program that will last until the second quarter of 2015. For this ...

Nigerian oil exports revised up LONDON: Nigeria will export about 1.86 million barrels per day (bpd) of crude oil in October, slightly more than earlier scheduled, according to revised loading schedules obtained by Reuters on Tuesday. The total is up from 1.83 million bpd initially planned because one 950,000-barrel cargo of the EA crude grade will go for export in October, traders said. There were no exports of EA scheduled in August or September. The upward revision, while slight, adds ...

Brent oil sinks to 15-month low NEW YORK: Brent crude oil futures fell to the lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured US prices. Oil prices on both sides of the Atlantic have been in steady decline since the end of June as concerns faded over supply disruptions from Iraq, Libya and Russia. Continued supply from key producing regions and ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln