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Oil prices rise on Chinese data LONDON: Oil prices rose on Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 21 cents to $82.92 a barrel compared with Monday's close.Brent North Sea crude for December won 38 cents to stand at $85.78 a barrel in London midday deals.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered after China said industrial production rose 8.0 percent year-on-year in September. That was a rebound from a more than five year low of 6.9 percent in August.He added that the figure overshadowed data showing China's economy grew in the third quarter at its slowest pace since the depths of the global financial crisis."Industrial production is a good indication of crude oil demand from China," he told AFP, although he added that it remained ...


UK gas prices rise as colder weather lifts demand LONDON: British wholesale natural gas and power prices rose on Tuesday morning as growing demand met low supplies, leaving the system short.Gas prices for delivery within the day were trading at 49.85 pence per therm at 0920 GMT, up 4.5 pence since their last close, and prices for Wednesday delivery were up 1.85 pence to 51 pence a therm.The price rises were down to an undersupplied system. Britain's gas demand was expected to be 202.7 ...

Middle East crude Dubai slumps as Chinaoil scales back purchases  SINGAPORE: Dubai slipped into wider discount on Tuesday in the Middle East crude market as Chinaoil scaled back purchases.The trading arm of PetroChina bought just three Dubai partials from Gunvor, Shell and Unipec at $83.10 a barrel, equivalent to about 86 cents below Dubai swaps.The discount is the widest since the start of Chinaoil's buying spree this month which has led to the delivery of 36 cargoes or 18 million barrels of Upper Zakum, Oman ...

Falling global crude prices bolster India's economic outlook NEW DELHI: Falling crude oil prices have helped Indian lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.In China, a short hop across the Himalayas, slumping consumer demand has sparked fears of deflation as it wrestles with flagging global economic growth.But in India, lower prices are allowing consumers like Mehra who drive much of the economy to open their wallets ...

Oil prices hold near $86 on China oil demand rise LONDON: Brent crude oil held near $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, rising 8 percent in September from a year earlier ...

Statoil's oil find in North Sea bigger than expected OSLO: An oil find by Statoil in the Norwegian sector of the North Sea is much bigger than earlier thought and the find could be tied into the Grane field, the firm said in a statement on Tuesday. The discovery, first proven in 1992, contains between 30 and 80 million barrels of recoverable oil, well above previous estimates for about 6 million barrels, the Norwegian Petroleum Directorate added. The find is 7 kilometres north of ...

Oil prices mixed as caution returns SINGAPORE: Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 30 cents to $83.01 a barrel in afternoon trade, but Brent crude for December reversed earlier gains and fell three cents to $85.37.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered ...


 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln