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Oil prices rise in Asia ahead of US supply report SINGAPORE: Oil prices edged higher in Asia Wednesday as investors await the latest US supply report for clues about demand in the world's biggest crude consumer. The US benchmark, West Texas Intermediate (WTI) for delivery in July, gained eight cents to $102.74 a barrel while Brent North Sea crude for July was up five cents to stand at $108.87. "Crude oil prices edged just a tad higher... as traders look ahead to the key US Department of Energy weekly report," Singapore's United Overseas Bank said in a note to investors. The official weekly US stockpiles report Wednesday is expected to show crude inventories dipped 100,000 barrels, on average, in the week to May 30, according to a Wall Street Journal survey of 13 analysts. A decline in US inventories usually indicates healthy demand in the world's biggest economy, which would in turn support global crude prices.US petroleum products were forecast ...


Oil prices steady LONDON: Oil prices steadied on Tuesday as traders weighed ample supplies against data pointing to solid demand from the world's biggest energy consuming nations, analysts said. US benchmark, West Texas Intermediate (WTI) for delivery in July climbed 17 cents to $102.64 a barrel.Brent North Sea crude for July dropped 18 cents to stand at $108.32 a barrel in late London deals compared with Monday's closing level."The losses in Brent crude could be attributed to an ...

Brent slips towards $108 as weak refining demand bites LONDON: Brent crude oil futures slipped towards $108 a barrel on Tuesday, reflecting weak European demand, but reasonable Chinese manufacturing data helped keep a floor under prices.Brent futures for July were down 30 cents at $108.53 a barrel by 0900 GMT. U.S. crude was down 8 cents at $102.39 a barrel."I think technically Brent has broken to the downside and that it will trend lower gradually," said Christopher Bellew, an oil broker at Jefferies Bache ...

Middle east crude Saudi raises July OSPs in line with expectations SINGAPORE: Saudi Aramco has raised the July price for its Arab Light grade for Asian customers by 60 cents a barrel versus June to a premium of $2.25 a barrel to the Oman/Dubai average, broadly in line with market expectations.Prices for Arab Medium were raised by 90 cents a barrel to 35 cents above the average, while those for Arab Heavy were increased $1.10 a barrel to a discount of $2.45 to the average, the ...

Russia, Ukraine may continue gas talks on Tuesday: Gazprom MOSCOW: Russia and Ukraine could continue gas talks on Tuesday, a spokesman for Russian exporter Gazprom said, adding that he hoped a mutually beneficial agreement would be found."Talks went for a long time yesterday ... There is an understanding on how to move forward - this is very important," Sergei Kupriyanov told a briefing.He added that Ukraine has now to repay debt of $1.45 billion for gas delivered in November and December last year.Copyright Reuters, ...

Oil prices rise on strong US, China manufacturing data SINGAPORE: Oil prices rose in Asian trade Tuesday on strong manufacturing data from top global energy guzzlers the United States and China, analysts said.US benchmark, West Texas Intermediate (WTI) for delivery in July gained 15 cents to $102.62 a barrel while Brent North Sea crude for July was up 11 cents to $108.94 in afternoon trading.Analysts said oil prices were tracking gains on Wall Street Monday after the Institute of Supply Management said its purchasing ...

Oil prices rise on strong US, China manufacturing data SINGAPORE: Oil prices rose in Asian trade Tuesday on strong manufacturing data from top global energy guzzlers the United States and China, analysts said.US benchmark, West Texas Intermediate (WTI) for delivery in July gained four cents to $102.51 a barrel while Brent North Sea crude for July was up nine cents to $108.92 in mid-morning trading.Analysts said oil prices were tracking gains on Wall Street Monday after the Institute of Supply Management said its purchasing ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyAugust
Trade Balance $-2.807 bln
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WeeklyOctober 23, 2014
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