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Russia to mull allowing China over 50 pct stake in strategic oil, gas fields MOSCOW: The Russian government is ready to consider allowing Chinese investors to take more than 50 percent stakes in strategic oil and gas fields, TASS news agency quoted Deputy Prime Minister Arkady Dvorkovich as saying on Friday.According to TASS, Dvorkovich said offshore fields would not be included.Copyright Reuters, 2015


Oil prices rebound in Asian trade SINGAPORE: Oil bounced back in Asia Friday on bargain-hunting after tumbling in the previous session over a further surge in US crude reserves, adding to the global supply glut. US benchmark West Texas Intermediate (WTI) for April delivery rose 54 cents to $48.71 a barrel while Brent crude for April rose 66 cents to $60.71 in late-morning trade.WTI sank $2.82 in New York while Brent closed $1.58 lower in London. Analysts attributed the plunge on ...

Oil retreats as rising US inventories continue to weigh NEW YORK: Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.While Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia, U.S. crude losses more than wiped out Wednesday's gains.Brent April crude fell $1.58, or 2.56 percent, to settle at $60.05 a barrel, off a $62.63 intraday ...

Oil tumbles on revived oversupply worries NEW YORK: World oil prices fell sharply Thursday as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record.The US benchmark, West Texas Intermediate for April, dived $2.82 to close at $48.17 a barrel on the New York Mercantile Exchange, more than wiping out the prior day's rebound.European benchmark Brent North Sea crude for April delivery sank $1.58 to $60.05 a barrel in London.Both ...

Oil falls as rising US inventories continue to weigh NEW YORK: Crude oil futures fell on Thursday, as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.Brent losses were tempered by those expectations for improving global demand and geopolitical concerns about energy supplies from Libya and Russia.Brent April crude was down 65 cents at $60.98 at 12:19 EST (1719 GMT), off a $62.63 intraday peak. On Wednesday, Brent surged 5 percent.U.S. April crude was down ...

US crude futures extend losses as ample supply pressures NEW YORK: US crude futures extended losses to more than 6 percent and fell more than $3 a barrel on Thursday in the last hour of trading ahead of settlement.Ample global supply and increasing U.S. commercial inventories weighed on prices after expectations for better demand going forward lifted prices on Wednesday, traders and analysts said.U.S. April crude was down $2.71, or 5.3 percent at $48.28 a barrel at 2:25 p.m. EST (1925 GMT), having slumped ...

Oil market slide on oversupply woes LONDON: World oil prices fell Thursday, after solid gains the previous day, as dealers fretted again over swelling US crude inventories adding to the global supply glut.European benchmark Brent North Sea crude for April delivery dipped 63 cents to $61.00 per barrel in London late afternoon deals.New York's West Texas Intermediate (WTI) for April dived $1.72 to $49.27 a barrel.The US government's Department of Energy (DoE) said Wednesday that crude inventories rose 8.4 million barrels ...


 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln