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Oil prices mixed after weak Chinese GDP data SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said. New York's main contract, West Texas Intermediate for May delivery, rose six cents to $103.81, while Brent North Sea crude for June eased 18 cents to $109.18 on its first day of trading. Brent's May contract expired Tuesday.China's economy expanded 7.4 percent year-on-year in January-March, the National Bureau of Statistics (NBS) said Monday, weaker than the 7.7 percent expansion in October-December.While the figure exceeded the median forecast of 7.3 percent in a survey of 13 economists by AFP, it is the latest in a string of figures showing the world's number two economy and key driver of global growth is slowing. "The GDP data is better than expected but it's lower than the last quarter and I ...


Oil prices mixed after weak Chinese GDP data SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said. New York's main contract, West Texas Intermediate for May delivery, rose four cents to $103.79, while Brent North Sea crude for June eased 16 cents to $109.20 on its first day of trading. Brent's May contract expired Tuesday.China's economy expanded 7.4 percent ...

Oil prices fall as Libya prepares to resume exports LONDON: Oil prices fell on Tuesday as Libya readied to resume its crude exports after months of waiting, although a flare up in Russia-Ukraine tensions kept a lid on losses, traders said. New York's main contract, West Texas Intermediate for May delivery, slipped 33 cents to stand at $103.72 a barrel compared with Monday's closing level.Brent North Sea crude for May was down 22 cents at $108.85 a barrel in late London deals.Crude oil prices ...

Total pushes ahead with $16bn Angolan Kaombo oil project PARIS: French oil major Total said on Monday it had decided to invest in Angola's Kaombo oil project after lowering its cost by $4 billion to $16 billion. The ultra-deep offshore field will have a production capacity of 230,000 barrels per day, for a start-up date in 2017, Total said in a statement. Copyright Reuters, 2014

US oil to rise into $104.88-$105.22 range SINGAPORE: US oil is expected to rise into a range of $104.88-$105.22 per barrel, as it has broken above a resistance of $103.73.The resistance is at the 100 percent Fibonacci projection level of an upward wave C, which started at the April 2 low of $98.86. The next resistance will be at $104.88, the 123.6 percent projection level, a break above which will lead to a further gain to $105.22, the March 3 high, or ...

Brent rises, hovers near $108 as Ukraine crisis worsens SINGAPORE: Brent futures rose and hovered near $108 a barrel on Monday amid worsening geopolitical tensions over Ukraine that has raised the risk of a military confrontation between Ukraine and Russia. Ukraine has given pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, while the United States and the European Union mull tougher sanctions against Russia if separatist action continues. Brent crude rose 60 cents to ...

Oil prices up as Russia-Ukraine tensions escalate SINGAPORE: Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained 51 cents to $104.25 per barrel in mid-morning Asian trade while Brent North Sea crude for May rose 52 cents to $107.85. Analysts said the oil market was spooked after Ukraine's acting president Oleksandr Turchynov on Sunday accused ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln