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North Sea Crude-Forties trades higher, traders eye May programmes LONDON: North Sea Forties crude price differentials firmed a little on Friday but remained in negative territory as loading programmes for May began to emerge, with a good deal of April barrels still unsold.Oseberg will load six cargoes in May, unchanged from April, although daily loadings are slightly lower at 116,000 barrels per day, as May is a longer month.Traders said some Norwegian programmes seemed to be emerging a little earlier than expected because of the upcoming Easter break.The Forties programme will be issued on Wednesday next week, and Brent and Ekofisk are expected around that time.Traders said there was still quite a bit of April crude available, both North Sea and West African grades. This reflects muted demand from refineries, which are in the midst of seasonal maintenance."We have got to contend with turnarounds again for May cargoes," one trader added.Trade unions Unite and the GMB said members working ...


Oil down as Iran deal eyed; US crude in for best week in 4 years NEW YORK: Oil prices fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased and the focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market. But prices were still headed for their second straight week of gains. US crude was on track for its best week since 2011, reflecting the ground made by market bulls from ...

Oil dives 5pc as worries about Iran talks trump Yemen NEW YORK: Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market. Oil prices still notched their second straight weekly gain, boosted by the dollar's weakness in recent sessions. US crude had its biggest weekly gain in more than a month. ...

CNOOC 2014 profit rises despite 'blow' from oil price slump HONG KONG: Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started a spate of new projects, despite taking a "serious blow" from falling oil prices.The forecast-beating profit rise came after rivals Sinopec and PetroChina both said their profits dived last year as crude prices more than halved between June and January.China's largest offshore oil and gas producer reported net profit of 60.20 billion yuan ($9.68 billion) ...

Oil drops after Yemen-inspired gains LONDON: Oil prices fell Friday after spiking the previous day as Saudi Arabian jets struck rebel targets in Yemen, sparking supply fears in the crude-rich Middle East.Brent North Sea crude for delivery in May sank 63 cents to $58.56 a barrel in London midday deals.US benchmark West Texas Intermediate (WTI) for May slid 81 cents to $50.62 a barrel."Oil prices ... are shedding some of the strong gains they had achieved over the two previous ...

Oil prices in Asia slip after recent gains SINGAPORE: Oil prices fell in Asia Friday, cutting short a rally as investors weighed the potential for disruptions in Middle East supplies caused by the Yemen crisis and a global crude glut, analysts said.US benchmark West Texas Intermediate for May delivery fell 83 cents to $50.60 and Brent crude for May eased 75 cents to $58.44 in late-morning trade.Prices rose sharply over the past two days after a Saudi Arabia-led coalition bombed Huthi Shiite rebels ...

West Africa Crude-Angolan offers reduced, Nigerian lingers LONDON: Angolan crude oil for May loading was on offer at lower levels on Thursday after previous asking prices did not tempt many buyers, traders said on Thursday. Following what traders said was a slow start to trading, state oil company Sonangol trimmed offers by around 25 cents a barrel for most grades, one trader said. Angolan crude oil loadings look more ample in May according to the latest loading programmes which appeared this week, ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln