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Mexican crude oil output up slightly in June, exports down MEXICO CITY: Mexican crude oil output in June rose nearly 1 percent from the previous month, while June crude exports slid 6 percent, national oil company Pemex said on Friday.Crude production in June averaged 2.247 million barrels per day (bpd), while exports stood at 1.048 million bpd.Mexico is the world's 10th biggest crude producer, and the third largest supplier to the United States behind Canada and Saudi Arabia.Pemex has been battered by slumping output for a decade, and more recently has had to absorb major budget cuts in the face of falling international oil prices.The company has lowered its production forecast this year to 2.288 million bpd from 2.4 million bpd.A major energy overhaul finalized last year ended the decades-long monopoly enjoyed by Pemex and promises to boost output from new producers via new contracts and licenses. Copyright Reuters, 2015


Iraq's southern oil exports hit record 3.064mn bpd in July BAGHDAD: Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day (bpd) from 3.02 million in June, officials from the state-run South Oil CO. said on Saturday.Shipments have jumped after Iraq's decision to split crude stream into two grades, Basra Heavy and Basra Light, to resolve quality issues.Some companies working in Iraqi oilfields increased production following the move.Copyright Reuters, 2015

Egypt expects to import 7.79mn tonnes of LNG this fiscal year CAIRO: Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said on Saturday.The government expects to buy 7.79 million tonnes of LNG for $3.55 billion and 6.37 million tonnes of crude oil for $3.51 billion, the ministry said in a handout given to journalists at a news conference on its economic development plan for ...

Oil falls after OPEC comments imply no supply cut LONDON: Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after comments on Thursday in Moscow by Abdullah al-Badri, secretary-general of the Organization of the Petroleum Exporting Countries. Badri said rising demand would prevent a further fall in oil prices ...

Oil falls after OPEC comments imply no supply cut LONDON: Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after comments on Thursday in Moscow by Abdullah al-Badri, secretary-general of the Organization of the Petroleum Exporting Countries.Badri said rising demand would prevent a further fall in oil prices and ...

Oil prices down in Asia SINGAPORE: Oil prices extended their decline in Asia Friday after the OPEC cartel indicated that current lofty output levels will remain, while a stronger dollar is also causing downward pressure.US benchmark West Texas Intermediate for September delivery fell 32 cents to $48.20 and Brent crude for September shed 24 cents to $53.07 a barrel in afternoon trade.Both contracts tumbled on Thursday, snapping two consecutive days of gains.Abdullah El-Badri, Secretary General of the Organization of the ...

Oil market rebounds on US energy report LONDON: Oil prices rebounded Wednesday as investors digested signs of stronger-than-expected US crude demand in the world's top consuming nation, before the latest Federal Reserve interest rate decision.US benchmark West Texas Intermediate for delivery in September jumped $1.21 to $49.19 a barrel compared with Tuesday's close.Brent North Sea crude for September won 61 cents to stand at $53.91 a barrel in London late afternoon deals, having dived on Tuesday to $52.25 -- the lowest since ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln