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Brent falls a dollar as Ukraine concern pauses LONDON: Brent futures fell more than a dollar to near $107 a barrel on Monday, wiping out earlier gains, after Crimea's vote to join Russia passed without major violence, although Washington and Europe could impose punitive measures as early as Monday.Brent crude dropped $1.06 to $107.15 by 1330 GMT. U.S. crude futures were down 41 cents at $98.48.Brent had climbed 10 cents and U.S. crude benchmark WTI 24 cents in early trade on Monday on the risk of supply disruptions if the United States and Western countries impose sanctions on leading oil and gas producer Russia."The market has just been taking the instability in stride and attaching a low probability of armed conflict and of Iranian style sanctions on Russia, even after the Crimea vote," said Harry Tchilinguirian, an oil analyst at BNP Paribas."We're waiting for some form of European response but beyond the rhetoric, we're not going to have ...


Crude prices drift lower after Crimea referendum LONDON: Oil nudged lower Monday as the United States hinted at fresh sanctions against Moscow after Crimea voted in a disputed referendum to leave Ukraine and join Russia.New York's main contract, West Texas Intermediate for delivery in April, fell 24 cents to $98.65 a barrel compared with Friday's close.Brent North Sea crude for May delivery slid 57 cents to stand at $107.64 around midday in London.Washington strongly rejected the vote on Sunday, saying it violated ...

Russia's Rosneft to acquire stake in Italy's Pirelli MILAN: Russia's top oil producer Rosneft is set to acquire an indirect stake in Pirelli after reaching an outline deal with a group of shareholders in the Italian tyre maker valuing its shares at 12 euros each. Rosneft will own 50 percent of a new company which will buy holding company Camfin's stake in Pirelli, Italian bank Intesa Sanpaolo said in a statement on Monday. Camfin currently owns 20.3 percent of Pirelli according to the ...

Indonesia crude output drops as haze hits Chevron's Sumatra wells JAKARTA: Indonesia's crude oil output has dropped to 790,000 barrels per day (bpd) after haze from forest fires on the island of Sumatra forced the country's biggest producer, Chevron, to close hundreds of its wells, the country's oil and gas regulator said. "It's still below 800,000 bpd, around 790,000 bpd," SKKMigas spokesman Handoyo Budi Santoso told Reuters on Monday, referring to the latest national crude output figure from Sunday.Santoso also said hundreds of Chevron employees ...

Gazprom considers contract changes to keep European clients MOSCOW: Russia's top natural gas producer Gazprom is considering making changes to contracts to keep its European customers on board if the West imposes sanctions on Russia over Ukraine, the Vedomosti newspaper said on Monday. Citing a source close to Gazprom, the daily said the company may be willing to change its "take-or-pay" requirements, which make consumers pay for gas whether they take physical delivery or not. It did not give further details. Gazprom declined ...

Crude prices up after Crimea referendum SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions, as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.The United States strongly rejected the vote on Sunday, saying it violated Ukraine's constitution and was carried out "under duress of Russian military intervention".New York's main contract, West Texas Intermediate for April delivery, was up 25 cents to $99.14 in afternoon ...

Crude prices up after Crimea referendum SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.The United States strongly rejected the vote on Sunday, saying it violated Ukraine's constitution and was carried out "under duress of Russian military intervention".New York's main contract, West Texas Intermediate for April delivery, was up 23 cents to $99.12 in mid-morning ...


 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln