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Libyan crude oil output partly recovers after protests TRIPOLI: Libya's oil output has climbed to 1.3 million barrels per day from less than 1 million bpd last week as operations normalise following several disruptions due to protests at fields and ports, a senior Libyan industry source said."Production was 1.3 million bpd yesterday," the source said on Monday, "Things have started to stabilise."Libya normally produces around 1.6 million bpd but state oil company National Oil Corporation (NOC) said output had fallen last week below 1 million bpd after protesters shut down two export terminals and oilfields, including the 130,000 bpd El Feel field.Workers at the Marsa al-Hariga and Zueitina ports later said that the demonstrators had left the premises. While output has recovered since last week, several fields were still off line due to worker protests, mainly over pay.Production at Libya's Abu Attifel 70,000 barrel per day (bpd) oilfield, a joint venture with Eni, was shut last Wednesday while ...


Oil steadies above $106 on Mideast, expected demand LONDON: Brent crude oil steadied above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.But worries over bulging inventories and soft global demand forecasts offset supply concerns.The election on Friday of a moderate as Iranian president also tempered market worries.Investors waited to see if Iran's Hassan Rohani, who defeated hardline rivals in Iran's presidential election, would ...

Libyan crude output recovers to 1.3mn bpd TRIPOLI: Libyan oil output has climbed to 1.3 million barrels per day (bpd) from less than 1 million bpd last week as operations normalise following several disruptions at fields and ports, a senior Libyan industry source said."Production was 1.3 million bpd yesterday," the source said on Monday, "Things have started to stabilise."Libya's state oil company National Oil Corporation (NOC) said production had fallen to less than 1 million bpd last week after protesters shut down ...

Oil down in Asia on profit-taking SINGAPORE: Oil prices eased in Asian trading hours Monday as investors took profits following last week's rally triggered by concerns over rising tensions in the Middle East, analysts said.New York's main contract, light sweet crude for delivery in July, dropped 19 cents to $97.66 a barrel while Brent North Sea crude for August delivery shed 10 cents to $105.83 in morning trade."Markets are close to a resistance level after last week's surge, and the feeling ...

Oil prices climb on geopolitical fears LONDON: Global oil prices hit one-month peaks on Friday, winning support partly from geopolitical tensions in Syria and Turkey, and following positive economic data in the United States, dealers said.Brent North Sea crude for delivery in July jumped to $105.60 a barrel, the highest point since the start of May. It later stood at $105.36, up 41 cents from Thursday's close.New York's main contract, West Texas Intermediate (WTI) light sweet crude for July, rallied to ...

European stocks rise after rollercoaster Thursday LONDON: Europe's top stock markets rose on Friday but gains were capped by disappointing economic data out of the eurozone, analysts said.London's FTSE 100 index of leading shares climbed 0.25 percent to stand at 6,320.28 points in midday deals, Frankfurt's DAX 30 won 0.45 percent to 8,132.16 points and in Paris the CAC 40 added 0.11 percent to 3,802.22. Madrid's IBEX 35 was flat at 8,075 points.European markets had ridden out a rollercoaster session on ...

Brent slips from near $105 on ample US inventory, weak outlook SINGAPORE: Brent futures slipped on Friday from near $105 a barrel with ample US inventories and a poor demand outlook weighing on prices, after bouncing more than 3 percent in the last two sessions off this week's low.The European benchmark had rebounded from $101.82 a barrel hit on Tuesday to near $105 because of a weak dollar, even though top industry bodies such as the International Energy Agency (IEA) forecast a bleak demand growth outlook. ...


 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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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 15, 2014
Reserves $13.414 bln