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US gasoline demand rose 0.1pc to 8.93mn bpd in year to Nov NEW YORK: US gasoline demand rose 0.1 percent to 8.93 million barrels per day in November from a year earlier, according to a monthly Energy Information Administration report issued Thursday. Demand has been closely watched as prices have fallen steeply since June. Copyright Reuters, 2015

Canadian Oil Sands shares halted, news pending TORONTO: Shares in Canadian Oil Sands were halted on the Toronto Stock Exchange on Thursday, pending a news announcement. Analysts expected the energy company, which is set to report quarterly results after market close on Thursday, to announce a sizable dividend cut in the face of the slump in oil prices. The company could not be immediately reached for comment. Copyright Reuters, 2015

Oil rises on short covering but supply worries loom NEW YORK: Global oil prices firmed slightly on Thursday but not before US crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high US oil inventories. Oil prices had risen broadly earlier in the day after preliminary US data showed weekly jobless claims at a near 15-year low, indicating further strength in the world's largest economy. But crude futures in New York fell to an April ...

Shell axes spending as sliding oil prices dent profits LONDON: Energy giant Royal Dutch Shell on Thursday unveiled plans to slash spending by more than $15 billion after posting lower annual profits on tumbling oil prices.The group said it would cut spending by the equivalent of 13 billion euros over the next three years, mirroring similar cost-cutting moves by rivals in the energy sector which are also reacting to slumping oil prices.Shell revealed the fresh cutbacks alongside news of an eight-percent drop in net ...

Ukraine row punctures profits at Russia's Gazprom MOSCOW: Third quarter profits plunged 61 percent at Russian gas giant Gazprom, the company said Thursday, hit by the suspension of deliveries to Ukraine, and with the outlook darkened by slumping global energy prices.The group's profits between July and September reached 105.7 billion rubles ($1.5 billion).Revenues held up better, sliding just 6 percent year-on-year to 1.13 trillion rubles ($16.5 billion).Analysts had been expecting the group's profits to drop significantly due to the price dispute with ...

Oil slumps to near six-year low under $44 LONDON: New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.West Texas Intermediate (WTI) for March delivery dived to $43.57 a barrel, a level last seen on March 12, 2009.The contract later stood at $43.87, down 58 cents from Wednesday's close.European benchmark Brent North Sea crude for March meanwhile rose nine cents to stand at $48.56 a ...

US crude drops below $44 as inventory builds scare market NEW YORK: US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday while benchmark Brent sharply pared early gains after data showing additions to already record-high U.S. oil inventories.Oil prices had risen broadly earlier in the session after preliminary U.S. weekly jobless claims data hit a nearly 15-year low, indicating further strength in the world's largest economy.But crude futures in New York were near a six-year low by ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln