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Oil prices extend losses in Asian trade SINGAPORE: Oil prices extended losses in Asia Wednesday as dealers digested weak US and Chinese manufacturing data, while expectations of a bearish US stockpiles report also weighed, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery fell $1.14 to $44.27 while Brent crude for October sank 91 cents to $48.65 in late-morning trade. WTI sank $3.79 and Brent lost $4.59 on Tuesday after China and the United States, the world's top two crude consumers, posted weak factory activity data.Beijing's official Purchasing Managers index (PMI) for the manufacturing sector slumped to a three-year low of 49.7 in August from 50.0 in July. A reading below 50 indicates contraction.The US Institute for Supply Management PMI fell to 51.1,the lowest level so far this year, from 52.7 in July. "With manufacturing PMI not showing results, markets turned bearish again," said Daniel Ang, investment analyst at Phillip Futures in Singapore. "The market ...

Oil dives on poor China factory data NEW YORK: World oil prices tumbled Tuesday as poor manufacturing data in China, the world's largest energy consumer, hammered the outlook for demand and shook market confidence.US benchmark West Texas Intermediate for October delivery lost $3.79, or 7.7 percent, closing at $45.41 a barrel on the New York Mercantile Exchange.The sell-off snapped a strong three-day WTI rally that had pushed the futures contract up more than 27 percent, rebounding from six and a half year ...

Oil prices tumble in Asia on Chinese data SINGAPORE: Oil prices tumbled in Asia Tuesday, surrendering some of their big gains after fresh data showed manufacturing activity in top energy consumer China contracted in August, analysts said.The contraction in the Purchasing Managers' Index (PMI) for China's factory sector added to concerns about the health of the world's second biggest economy.US benchmark West Texas Intermediate (WTI) for October fell $1.50 to $47.70 and Brent crude for October dropped $1.46 to $52.69 a barrel in ...

Russia's Gazprom to sign MOU on gas supplies to China MOSCOW: Russia's Gazprom will sign a memorandum of understanding (MOU) with CNPC on piping gas to China during President Vladimir Putin's visit to Beijing this week, a Kremlin aide said on Monday. Russia has sought to bolster energy sales to Asia to offset a political chill in Europe that has prompted sanctions against Moscow over its role in a crisis in Ukraine. Putin will attend a military parade in the Chinese capital this week marking ...

Oil falls back below $49 as glut, China concerns weigh LONDON: Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy. International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.At 0835 GMT, Brent was down $1.28 at $48.77 a barrel and ...

Middle East Crude: Dubai hits record volume; DME Oman slumps SINGAPORE: The number of cargoes traded during a pricing process for Middle East crude exports to Asia hit an all-time high in August, traders said on Monday.Chinaoil, the trading arm of PetroChina Co, snapped up a record 36 million barrels over the month,Chinaoil bought 72 cargoes this month during the Platts Dubai Market on Close (MoC) process, of which nearly 70 percent were sold by Unipec, traders said on Monday, surpassing a prior record purchase ...

Oil prices slide after US-inspired jump LONDON: Oil slid Friday at the end of a tumultuous week, during which prices hit 6.5-year lows on fears over China's slowing but then rebounded on strong US economic growth data.US benchmark West Texas Intermediate (WTI) for October delivery lost 21 cents to $42.35 per barrel.Brent North Sea crude for October dropped 15 cents in early afternoon London deals to $47.41.Both contracts had soared by about 10 percent on Thursday after news the US economy ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln