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Colombia importing 7,000 bpd diesel, gasoline after refinery closure CARTAGENA: Colombia is importing about 7,000 barrels per day of diesel and gasoline during an upgrade at its 80,000-bpd Cartagena refinery, which is closed until the end of the year, the minister of mines and energy said on Wednesday.The imports consist of an average 4,000 bpd of diesel and 3,000 bpd of gasoline, said Amylkar Acosta at the Colombia Oil & Gas Conference in the coastal city of Cartagena."These 7,000 barrels have already begun to be imported, the same as we are importing in jet fuel," Acosta said. He said jet fuel imports also rose during the refinery upgrade.The crude distillation unit at Cartagena, owned by state-controlled oil company Ecopetrol, was shut down last month while the plant's cracking unit was taken off line last year. Ecopetrol is expanding the refinery's capacity to 165,000 bpd to boost exports and reduce imports.The company has increased tenders to buy fuels since it ...

Ukraine tension, falling US stocks trim closses NEW YORK: Oil prices reversed an early drop and ended with modest losses on Wednesday, with tensions over Ukraine and a fall in US stockpiles offsetting selling pressure.In New York trade, the benchmark West Texas Intermediate crude for May delivery dipped 12 cents to $99.62 a barrel. In London, Brent prices hit a five-month low of $103.95 before pushing back to $104.79, down 86 cents.Worries over Russia's intentions toward Ukraine were revived when NATO's top ...

Brent crude loses over $1 as Libya port deal nears NEW YORK: Brent oil fell by nearly $1 to its lowest price in almost five months on Wednesday, pulling U.S. crude lower with it, on expectations that rebel-held Libyan ports will reopen within days.Crude prices on both sides of the Atlantic had tumbled nearly 2 percent on Tuesday after weak Chinese and European manufacturing data dampened the outlook for global demand and news emerged of fresh talks to reopen Libyan ports after months of closures.The ...

Oil market drops before US data LONDON: Global oil prices sank on Wednesday as traders awaited the key economic data and weekly crude inventories in top-consuming nation the United States, analysts said.New York's West Texas Intermediate (WTI) for delivery in May slid 56 cents to $99.18 a barrel. Brent North Sea crude for May shed $1.16 to stand at $104.46 a barrel in midday London deals.The US government's Energy Information Administration (EIA) will later publish its report on American crude stockpiles ...

Oil prices down in Asian trade SINGAPORE: Oil prices turned lower in Asian trade Wednesday as investors stood on the sidelines with few fresh leads, but retained support following upbeat global economic data released a day earlier, analysts said.New York's West Texas Intermediate (WTI) for May delivery eased 35 cents to $99.39 a barrel in afternoon trade and Brent North Sea crude for May was down 11 cents at $105.51."We expect range-trading for Asian markets today. There is no important data ...

Brent holds above $105, inventory data in focus SINGAPORE: Brent crude steadied above $105 a barrel on Wednesday but was still near a five-month low, with investors waiting for more US inventory data to assess demand in the world's largest oil consumer. Oil tumbled 2 percent on Tuesday after Libyan rebels said they would re-open vital oil ports within days, while poor manufacturing data from China and Europe weighed on the outlook for fuel demand.May Brent crude had inched up 4 cents to ...

Oil prices rise in Asian trade SINGAPORE: Oil prices edged higher in Asian trade Wednesday following upbeat global economic data but a lack of fresh leads was curbing further gains, analysts said. New York's West Texas Intermediate (WTI) for May delivery rose three cents to $99.77 a barrel in late-morning trade and Brent North Sea crude for May was up four cents at $105.66.Analysts said prices were tracking gains in Asian markets Wednesday, following the release a day earlier of upbeat ...


Index Closing Chg%
Arrow DJIA 16,262.56 0.55
Arrow Nasdaq 4,034.16 0.29
Arrow S&P 1,842.98 0.68
Arrow FTSE 6,541.61 0.64
Arrow DAX 9,173.71 1.77
Arrow CAC-40 4,345.35 0.83
Arrow Nikkei 13,996.81 0.62
Arrow H.Seng 22,671.26 1.60
Arrow Sensex 22,484.93 0.64

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