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Oil prices rise on Ukraine tensions SINGAPORE: Oil prices edged higher in Asian trade Friday on escalating fears of a full-blown armed conflict in Ukraine as pro-Moscow rebels press on with disputed independence referendums.The US benchmark, West Texas Intermediate for June delivery, was up 20 cents to $100.46 in late-morning Asian trading, while Brent North Sea crude for June gained four cents to $108.08 per barrel.Despite a call from Russian President Vladimir Putin to postpone the vote to ease tensions, pro-Kremlin rebels in Ukraine vowed Thursday that independence referendums would go ahead as planned on May 11. There are fears the country could erupt in fresh violence Friday when both it and Russia celebrate the Soviet victory in World War II."We expect political turmoil in Ukraine to continue in the run-up to, and probably also in the aftermath of, the presidential elections on May 25," Dutch bank ABN AMRO said in a note. Desmond Chua, market ...


Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Thursday, a spokesman for state-controlled gas producer Gazprom said. On Wednesday, Gazprom said Ukraine's payments for gas supply in April fell due and that Kiev's total debt for Russian gas stands at $3.51 billion. Russia has threatened to cut gas supplies to Ukraine in June if it receives no prepayment by the end of May. Gazprom supplies about 30 percent of the gas consumed ...

Oil firm DNO exports most of its Tawke output, Q1 lags forecast OSLO: Oil firm DNO International said the vast majority of its output from its prize Tawke field in northern Iraq was exported to Turkey as it reported first-quarter earnings below expectations on Thursday. The firm posted a net profit of $24 million in the first quarter, against expectations for $47 million in a Reuters poll of analysts, down from $30 million at the same time a year ago. Copyright Reuters, 2014

Oil prices mixed in Asia SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors digested an unexpected drop in US crude stockpiles and fresh Chinese trade data, analysts said.The US benchmark, West Texas Intermediate for June delivery, was up two cents to $100.79 in afternoon trade while Brent North Sea crude for June eased 15 cents to $107.98 per barrel.Oil prices were well-supported in the market "due to an unexpected drop in US inventories", said Sanjeev Gupta, the ...

Brent holds steady near $108; Chinese trade data supports SINGAPORE: Brent crude hovered around $108 a barrel on Thursday, holding onto most of the gains from the previous session as customs data showed a large jump in Chinese crude imports and a bigger than expected trade surplus in the world's second biggest oil user. China's crude imports rose 22.4 percent in April from March, the data showed, while total exports rose slightly against forecasts for a decline, offering some rare good news this year ...

China's April crude oil imports at record high BEIJING: China's crude imports rose more than a fifth in April from a year earlier to a record high of 6.78 million barrels per day (bpd), data showed on Thursday, helped by higher seasonal demand and indications of stockpiling. As refineries cut production during the peak maintenance season, the strong crude imports suggest some of the oil went straight into storage. The world's top energy consumer took in 27.88 million tonnes, or 6.78 million barrels ...

Oil prices mixed in Asia SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors digested an unexpected drop in US crude stockpiles and fresh Chinese trade data, analysts said. The US benchmark, West Texas Intermediate for June delivery, was up 10 cents to $100.87 in late-morning trade while Brent North Sea crude for June eased 11 cents to $108.02 per barrel.Oil prices were well-supported in the market "due to an unexpected drop in US inventories," said Sanjeev Gupta, ...


 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
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Arrow Nikkei 18,785.79 1.08
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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