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Russian daily oil production down in July MOSCOW: Russian oil output stood at 10.39 million barrels per day (bpd) in July, down from 10.55 million bpd in June, Energy Ministry data showed on Saturday.In tonnes, oil output reached 43.948 million versus 43.161 million in June.Gas production was at 42.68 billion cubic metres (bcm) last month, or 1.38 bcm a day, versus 46.44 bcm in June.State-controlled gas producer Gazprom produced 26.72 bcm, or 862 mcm per day, in July.Copyright Reuters, 2014


Oil plunges below $105 on oversupply, weak demand NEW YORK: Brent crude oil fell more than $1 to hit a two-week low on Friday, slipping below $105 a barrel in its third straight day of losses as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine.Analysts say they expect global oil production to exceed demand this year, and a supply glut has already built up in the West African and European ...

South Africa's petrol price to stay flat in August JOHANNESBURG: The retail price of petrol in South Africa will remain unchanged at 14.33 rand ($1.34) a litre from next Wednesday, while wholesale diesel will dip by 0.4 percent, the Department of Energy said on Friday. Copyright Reuters, 2014

Oil slips towards $105 on oversupply, weak demand LONDON: Brent crude oil fell to a two-week low on Friday, slipping towards $105 a barrel as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Analysts say they expect global oil production to exceed demand this year and a supply glut has already built up in the West African and European markets. Worries over geopolitical risks to oil supply have eased despite ...

Oil prices fall further in Asia SINGAPORE: Oil prices fell further in Asia Friday following a sell-off on Wall Street and concerns about unplanned refinery shutdowns in the US midwest, analysts said.US benchmark West Texas (WTI) Intermediate for September delivery eased 19 cents to $97.98 while Brent crude for September was down 13 cents to $105.89 in mid-morning trade. WTI fell $2.10 in New York trade and Brent declined 49 cents in London on Thursday."Oil prices are under pressure at the ...

Oil prices extend losses LONDON: Oil prices fell further on Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate impact on global crude supplies, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery slipped 70 cents to $99.57 a barrel.Brent crude for September was down 15 cents at $106.36 in London midday trading. WTI had fallen 70 cents in New York trade and Brent lost $1.21 in London on Wednesday ...

UK gas prices for Friday edge up ahead of Troll maintenance LONDON: Prompt prices for wholesale natural gas in Britain firmed on Thursday morning ahead of large-scale North Sea maintenance that is due to start on August 1 and reduce available supplies.Gas prices for delivery on Friday traded at 39.30 pence per therm at 0820 GMT on Thursday, up 0.3 pence since their last close."The dominant driver for day-ahead prices is the start of maintenance at Norway's Troll field tomorrow, which we expect to result in ...


 



 
Index Closing Chg%
Arrow DJIA 17,841.98 0.48
Arrow Nasdaq 4,919.65 0.40
Arrow S&P 2,080.15 0.45
Arrow FTSE 6,933.74 0.09
Arrow DAX 11,350.15 0.20
Arrow CAC-40 4,981.59 0.15
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 27,640.91 0.41
Arrow Sensex 26,717.37 2.63





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln