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Oil prices rise in Asian trade SINGAPORE: Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York's main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents to $109.67.Analysts said events in Eastern Europe continued to support oil prices ahead of Geneva talks on Thursday between Ukraine, Russia, the European Union and Washington. Foreign ministers involved in the talks will seek to diffuse the tense situation in the east of the country, where government forces trying to reassert control have faced pro-Russian resistance. Traders fear that any full-scale armed conflict in the region would disrupt supplies and send oil and gas prices rocketing because Ukraine is a major conduit for Russian gas to Western Europe.A failure of Thursday's talks could result in ...


Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel the highest level since early March. Brent North Sea crude for June rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's closing ...

Oil rises close to $110 on mounting Ukraine tension LONDON: Global oil prices rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, but gave up some gains after an unexpectedly large build in crude stocks in the United States, the world's largest consumer of oil.Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial four-power talks on the former Soviet state's future.Brent crude for June delivery ...

Petrobras, Mitsui to study LNG import terminal in Brazil's south RIO DE JANEIRO: Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.Petrobras, as the company is known, announced the plan in a statement late on Tuesday after signing a memorandum of understanding on the project with Mitsui and the government of Rio Grande ...

BHP boosts iron ore output and lifts guidance SYDNEY: Global mining giant BHP Billiton raised its fiscal year iron ore production outlook for a second time this year on Wednesday after seeing a better-than-expected jump in output for January-March.The world's biggest mining company increased guidance for production the year to June to 217 tonnes, up from the 212 tonnes previously forecast. That comes despite concerns about the strength of the economy in China, the number one buyer of ore.It said production in January-March ...

Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel -- the highest level since early March. Brent North Sea crude for May rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's ...

Oil prices mixed after weak Chinese GDP data SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said. New York's main contract, West Texas Intermediate for May delivery, rose six cents to $103.81, while Brent North Sea crude for June eased 18 cents to $109.18 on its first day of trading. Brent's May contract expired Tuesday.China's economy expanded 7.4 percent ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln