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Brent oil back below $100 as strong supply weighs LONDON: Brent crude oil prices fell back below $100 per barrel on Tuesday in volatile trade, down for a fourth day and under pressure from strong supplies.Prices were not far above a recent 16-month low as feared cuts to supply due to violence in the Middle East have failed to materialise. However, the potential for disruption to production in Iraq where a violent insurgency by Islamic State continues has helped prevent further weakness.Brent also had support as Britain's North Sea Buzzard oilfield was shut down again on Monday night, according to trade sources, as it struggles to return from maintenance. Buzzard is the biggest contributor to the Forties crude stream, which helps underpin the price of benchmark dated Brent.Brent was trading down 21 cents at $99.99 at 1339 GMT after ending the previous session 62 cents lower. On Monday, prices slid below $100 for the first time in more than ...

Oil prices mixed after Brent drop LONDON: The oil market diverged on Tuesday as traders paused for breath, one day after Brent crude hit a 16-month low under $100 on the back of ample supplies.Brent North Sea crude for October dropped 14 cents to $100.06 per barrel nearing midday deals.The contract had plunged on Monday under the psychological barrier of $100 to strike an intra-day low of $99.36 -- a level last seen on May 1, 2013.US benchmark West Texas Intermediate ...

UK gas prices slide on higher-than-expected imports from Holland LONDON: Wholesale natural gas prices in Britain were lower on Tuesday morning in reaction to higher-than-expected imports from the Netherlands.Gas for delivery on Wednesday was trading at 46.75 pence per therm at 0814 GMT, down 0.75 pence from the previous settlement. This was the contract's lowest level since Aug. 29.Gas for within-day delivery was 0.30 pence lower at 47.10 pence per therm.Contrary to analyst expectations, flows to Britain through the BBL pipeline from the Netherlands ...

Steady supply keeps Brent oil below $100 a barrel LONDON: Brent crude fell for a fourth straight day on Tuesday, with prices near a 16-month low below $100 a barrel, under pressure from ample global supplies and slower-than-expected growth in the world's top oil consumers.Steady or growing output from Iraq and Libya, where investors had feared violence would cut production, and the shale oil boom in the United States as well as a stronger U.S. dollar have helped to depress the oil price.Brent was ...

South Africa says hopes to resume Iran oil imports in three months PRETORIA: South Africa is looking to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said on Tuesday.South Africa halted crude purchases from Iran in June 2012 because of Western pressure. South Africa bought around 68,000 barrels of oil per day from Iran in the month before exports halted, around a quarter of its ...

Middle East crude Iraq cuts October Basra Lt OSP by $1.50/bbl  SINGAPORE: The Middle East crude market softened slightly on Tuesday after Iraq cut the October official selling price (OSP) differential for Basra Light, following in the footsteps of Saudi Arabia as producers compete for market shares.Iraq's State Oil Marketing Organization (SOMO) lowered Basra Light's OSP to $2.50 a barrel below Oman-Dubai quotes, down $1.50, same as the price cut for Saudi Arab Medium's OSP set last week.Basra Light remained under pressure in the spot market ...

Asia Pacific crude ample supply weighs; traders consider storage SINGAPORE: Ample supply and weak demand continued to weigh on the Asia-Pacific crude market on Tuesday, as some traders considered storing crude for sale in future months.Attention shifted to November-loading cargoes, as most regional grades loading in October had sold out. Malaysia's Kikeh and Kidurong may still be available in the market, a trader said, although no details were available.Traders expect the market for November to be steady or slightly stronger than the previous month ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln