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Russian gasoline exports down 15.4pc in June vs May MOSCOW: Russian gasoline and fuel oil exports in June fell by 15.4 percent and 2.0 percent, respectively, on a daily basis from May, while gas oil exports were up by 6.1 percent, data from the Energy Ministry and Reuters showed. Russia's domestic supplies of gasoline and fuel oil increased by 6.3 percent and 6.4 percent, respectively, while local shipments of gas oil grew by 3.6 percent.According to the market sources, major refineries cut their gasoline export shipments in June ahead of summer peak demand to offset possible shortages on the domestic market.Exports of gasoline were also largely hit by the deadly fire at Rosneft's Achinsk refinery in the middle of June . The plant had been shut down on May 11 for regular maintenance, so Rosneft was forced to buy motor fuel from third parties to compensate for shortages on the regional markets. According to the industry sources, the Achinsk ...


Oil extends losses in Asian trade SINGAPORE: Oil prices extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict that has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 39 cents at $102.00 ...

Brent holds steady above $107; US oil stocks in focus SINGAPORE: Brent crude nudged lower but held above $107 a barrel on Wednesday, with a global oil glut keeping prices in check despite geopolitical tensions threatening supplies from key oil producing regions. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in ...

Oil extends losses in Asian trade SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict which has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 34 cents to $102.05 ...

Brent oil signals mixed SINGAPORE: Signals are mixed for Brent oil and will be clearer only when the contract leaves a neutral range of $107.06-$108.71 per barrel.The range has been formed by the 23.6 percent and the 38.2 percent Fibonacci retracements on the fall from the June 19 high of $115.71 to the July 15 low of $104.39.The rebound from this low could be too brief to complete, in view of the length of the preceding uptrend. However, the ...

Oil prices drop despite Ukraine, Gaza worries NEW YORK: Oil prices fell modestly on Tuesday despite geopolitical tensions over war-torn Ukraine and a raging battle in the Gaza Strip.The US benchmark, West Texas Intermediate (WTI) for August, dipped 17 cents to close at $104.42 a barrel on the contract's final day of trade on the New York Mercantile Exchange.Brent North Sea crude for delivery in September fell 35 cents to settle at $107.33 a barrel in London trade."The rebound that we've seen ...

Oil prices rise on geopolitical tensions LONDON: Oil prices rose on Tuesday on geopolitical tensions fuelled by a warning of tougher sanctions against Russia and fierce fighting in Gaza, traders said.Brent North Sea crude for delivery in September climbed 64 cents to stand at $108.32 a barrel in London midday deals.US benchmark West Texas Intermediate (WTI) for August increased 34 cents to $104.93 a barrel compared with Monday's closing value."The crises in Ukraine and the Gaza Strip, coupled with the risk ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln