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Russia's August oil production rises to 10.52mn bpd MOSCOW: Russian oil output edged up to 10.52 million barrels per day (bpd) in August, up from 10.39 million bpd in July, Energy Ministry data showed on Tuesday. In tonnes, oil output reached 44.472 million versus 43.948 million in July. Gas production was 42.74 billion cubic metres (bcm) last month, or 1.38 bcm a day, versus 42.68 bcm in July. State-controlled gas producer Gazprom produced 26.28 bcm, or 848 mcm per day, in August.Copyright Reuters, 2014


Oil prices down after weak China, Europe data SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 21 cents to $95.75 while Brent crude for October was down three cents to $102.76 in afternoon trade. "Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite," French bank Credit Agricole said ...

Brent crude steady below $103; Libya unrest offsets demand concerns SINGAPORE: Brent crude held steady below $103 a barrel on Tuesday, with new unrest in OPEC oil producer Libya balanced by concerns of slowing oil demand growth due to weak economic recoveries in China and Europe. Euro zone manufacturing growth slowed slightly more than initially thought in August, while growth in China's factory sector slipped to a three-month low last month, adding to concerns about oil demand. Brent prices have trended higher since the latter ...

Brent oil to seek support at $102.43 SINGAPORE: Brent oil may seek support at $102.43 per barrel, a break below which will lead to a further loss to $101.91.A previous target range of $103.96-$104.64 has been temporarily aborted, and will only be resumed when oil breaks resistance at $103.28, the 38.2 percent Fibonacci retracement on the fall from the Aug. 8 high of $106.85 to the Aug. 19 low of $101.07.The retracement analysis also reveals two supports, at $102.43 and $101.91, respectively ...

Oil prices mixed after weak China, Europe data SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 15 cents to $95.81 while Brent crude for October rose one cent to $102.80 in mid-morning trade. "Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite," French bank Credit Agricole said ...

Iraq oil exports average 2.375mn bpd in August: officials BAGHDAD: Iraq's oil exports fell in August to an average of 2.375 million barrels per day (bpd) from 2.442 million bpd in the previous month, officials from the state-run South Oil Company (SOC) said on Monday.Iraq exports the bulk of its oil from its southern ports. But shipments from the northern oilfields of Kirkuk have been shut since March 2 due to attacks on a pipeline to Turkey, keeping total exports below their potential."Some days ...

EU carbon prices edge higher as buyers return LONDON: European carbon prices edged higher on Monday after buyers returned to the market following a quiet August to absorb an increase in supply from government auctions of carbon permits.Front-year EU Allowance (EUA) futures closed at 6.42 euros, up 1 cent on Friday's settlement, having touched a three-day low of 6.26 euros per tonne earlier in the session."There was some selling this morning. After the auction we hit 6.26 euros but there was decent support ...


 



 
Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
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Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln