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Oil prices up in Asian trade SINGAPORE: Oil prices rose in Asia Tuesday against the backdrop of geopolitical tensions fuelled by a warning of tougher sanctions against Russia over the downing of a Malaysian airliner and fierce fighting in Gaza.US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday, and Brent crude for September climbed 26 cents to $107.95.Five days after Malaysia Airlines flight MH17 crashed in Ukraine, pro-Russian separatists conceded to a furious international clamour and handed over the bodies of victims and the plane's black boxes, helping ease tensions and lifting Asian equities.A train carrying the remains of 280 of the 298 people killed in the disaster was finally allowed to leave a rebel-held region in eastern Ukraine as the militants declared a truce Tuesday around the crash site.The devices, which record cockpit activity and flight data, were handed to Malaysian officials by the prime minister of ...


Oil up on tight US supplies, fears over Ukraine, Gaza NEW YORK: Tight petroleum supplies in the US and anxiety about fighting in Ukraine and Gaza pushed oil prices higher Monday.US benchmark contract West Texas Intermediate for August delivery jumped $1.46 to $104.59 on the New York Mercantile Exchange.European benchmark Brent oil for September delivery rose 44 cents to $107.68 a barrel in London.Analysts said recent US oil inventory reports showing lower crude supplies were major factors behind Monday's higher prices.Refiners, particularly in the Gulf ...

Oil prices slide further LONDON: Global oil prices fell further on Monday on concern about an escalation of the Ukraine crisis after the downing of a Malaysian airliner last week, analysts said.Investors were also eyeing developments in the Middle East after Israel launched a ground offensive against Hamas militants in Gaza, fuelling worries about crude supplies from the oil-rich region.Brent North Sea for delivery in September fell 30 cents to $106.94 a barrel in London midday deals.New York's benchmark ...

Brent holds above $107 as investors focus on Ukraine tension SINGAPORE: Brent crude dipped on Monday but held above $107 a barrel as investors kept an eye on the intensifying geopolitical crisis between Moscow and the West over the downing of a civilian jet in Ukraine last week.Investors seemed reluctant to build a higher risk premium into oil prices, with the risk of supply disruptions from Russia looking limited for the time being.U.S. Secretary of State John Kerry laid out on Sunday what he called ...

China's June crude imports from Iran up 38pc y/y BEIJING: China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.Imports in the first half of 2014 were up 48 percent over the same six months of the previous year.China, Tehran's largest oil client, began stepping up purchases from the OPEC member after a preliminary nuclear deal in November of last year eased ...

European shares led lower by Germany's DAX, sensitive to Ukraine crisis EDINBURGH: European stocks fell on Monday, hit by a drop in German stocks as sensitivity to tension in Ukraine mounted.German blue chip stocks underperformed, with the DAX down 0.4 percent, as fighting erupted in the rebel-held city of Donetsk.Risk-sensitive shares in the travel and leisure and autos and parts sectors, both down 1 percent, have been under pressure since Thursday, after the Malaysian passenger plane was shot down over Ukraine.Some in the West are calling ...

Oil steadies around $107 after Iran talks extended LONDON: Brent crude oil steadied around $107 a barrel on Monday after world powers extended talks with Iran and eased sanctions on the Islamic republic slightly, opening the possibility of an eventual deal and further Iranian oil sales.Iran and six world powers failed to meet a July 20 deadline for a settlement over Tehran's atomic activities, but held out hope of an eventual agreement by extending the negotiations for four more months.The U.N. nuclear watchdog ...


 



 
Index Closing Chg%
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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