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US oil prices rise above $60 on Libya strife NEW YORK: US oil prices shot up above $60 a barrel for the first time this year Tuesday as reports of rising tensions in petroleum-producer Libya fueled bullish momentum.US benchmark West Texas Intermediate for delivery in June jumped $1.47 to $60.40 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for delivery in June advanced $1.12 to $67.52 a barrel in London."It's been strong all day," said John Kilduff, founding partner at Again Capital. "Sixty dollars was a psychological level that got eclipsed." Kilduff and other analysts cited reports that protests in Libya had shut oil deliveries to a port in the eastern part of the North African country. The Libya news "was the catalyst we basically needed," Kilduff said.Kilduff said oil was also lifted by worries about stability in the broader Middle East due to ongoing strife in Yemen and news that US naval forces have ...


Oil hits 2015 highs as Libya output slows, Saudis raise prices NEW YORK: Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.Since April's price rally of between 20 and 25 percent, oil bulls have been pushing the market up on the notion that a supply glut was easing from tightening world production despite continuous builds in U.S. crude stockpiles.U.S. crude settled ...

Oil hits 2015 highs above $67 as Libyan output slows LONDON: Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi."The protesters closed the pipeline to the port," said ...

LNG tanker Excalibur to arrive at Rotterdam on May 6 LONDON: The Excalibur liquefied natural gas (LNG) tanker is expected to arrive at Rotterdam on May 6, according to the local port authority. The 135,000 cubic metre capacity vessel is listed as inbound for the Gate terminal according to the Port of Rotterdam website. Copyright Reuters, 2015

Middle East Crude: Strengthens ahead of OSPs SINGAPORE: DME Oman and cash Dubai strengthened in the Middle East crude market on Tuesday ahead of announcements of official selling prices (OSPs) from Gulf producers this week.Cash Dubai's discount to Dubai swaps narrowed to about 50 cents from close to $1 in the previous session after Shell bought most of the partials transacted in the window, traders said.Saudi Aramco is likely to be the first among Gulf crude producers to release OSPs. The world's ...

Oil hits 2015 high above $67 as Libya output slows LONDON: Brent crude oil hit a high for the year above $67 a barrel on Tuesday after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for ...

Russia's Gazprom: April gas exports up slightly y/y to 13.5 bcm MOSCOW: Gas exports from Russia's Gazprom to Europe and Turkey were at 13.5 billion cubic metres (bcm) in April, an official at Gazprom Export said on Tuesday, up from 12.78 bcm a year earlier. For the first four months of 2015, exports were at 47.85 bcm, the official added, compared to 55.8 bcm in the first four months of 2014. Copyright Reuters, 2015


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln