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Oil slips below $86 on strong supply, NY Ebola case LONDON: Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets. Iraq increased its oil supply in October, and Libya's production remained high, despite deep instability in both countries. Brent crude for December fell by more than $1 to a low of $85.62, and was trading around $85.90 by 1330 GMT. US December crude fell $1.00 to $81.09 a barrel.On Thursday Brent crude prices rose sharply on news of lower supply from Saudi Arabia, although overall Saudi production increased month-on-month and some barrels went into storage. Analysts said on Friday that the market had overreacted on the up side, given the increase in production. "If Saudi Arabia is releasing less oil into the market despite rising production, this indicates weaker demand," said Carsten Fritsch, an analyst at ...


Oil slips to $86 on NY Ebola case, slowing growth LONDON: Brent crude fell to $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears of travel restrictions that could trim jet fuel demand, and poor economic growth expectations weighed on projected oil consumption.European equities and US stock futures fell sharply on news that a doctor in New York City had been diagnosed with Ebola. The doctor, who had worked in West African countries afflicted by the deadly virus, ...

Middle East Crude: Dubai strengthens on Chinaoil buying SINGAPORE: The Dubai price flipped to a premium in the Middle East crude market on Friday after Chinaoil increased buying, while differentials for Murban weakened.Chinaoil, the trading arm of PetroChina, bought a total of 74 partials at around $84.30 a barrel, equivalent to about 24 cents above Dubai swaps.Aggressive buying by Chinaoil this month has strengthened the cash Dubai price, pushing spot differentials for Upper Zakum, Oman and Al-Shaheen to multi-month highs.There has been strong ...

Russian Nov seaborne Urals exports seen down m/m MOSCOW: Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary programme showed on Friday. Russian November Urals oil exports from the Baltic Sea port of Primorsk are seen down to 3.3 million tonnes from 3.6 million tonnes in October. Urals oil exports from the Baltic Sea port of Ust-Luga seen falling to 2.0 million tonnes from 2.2 million tonnes this month. Russian ...

Oil slips to $86 on NY Ebola case, slowing growth LONDON: Brent crude fell oil to around $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears that travel restrictions could trim jet fuel demand, and poor economic growth expectations weighed on projected oil demand.European equities and US stock futures fell sharply on news that a doctor in New York City had been diagnosed with Ebola.The doctor, who had worked in West African countries afflicted by the deadly virus, ...

Brent slips towards $86 on Ebola case, set for 1st weekly gain in 5 SINGAPORE: Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite took a hit from news that a doctor in New York City tested positive for Ebola.The first confirmed case in America's largest city has renewed fears about the spread of the virus, prompting a tumble in US stock futures, while Asian shares also lost ground."Such news is not good for risk assets, with investors looking for a ...

Oil rises above $85 on Saudi supply cut, strong data LONDON: Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in September, even though its overall production grew month on month, and on strong economic data from Europe and China. OPEC's largest producer pumped 9.7 million barrels per day (bpd) in September, up from around 9.6 million bpd in August, an industry source said on Thursday. But the amount of crude the kingdom supplied ...


 



 
IndexClosingChg%
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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 23, 2014
Reserves $13.465 bln