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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 state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Libyan oil output is now below 500,000 barrels per day (bpd), officials say, a third of what Libya pumped before 2010. A strong dollar also weighed on oil, making the commodity more expensive for holders of other currencies. Brent crude oil climbed to $67.12 a barrel, up 67 cents and its highest since Dec. 8, before easing back slightly ...


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

Oil down after 2015 high; Saudis' Yemen action and dollar weigh NEW YORK: Brent oil hit a 2015 high before settling down with U.S. crude on Monday as Saudi Arabia's plan to halt bombing in Yemen eased tensions over the security of oil Middle East supplies.A stronger dollar, following the largest U.S. factory orders in eight months, had also weighed on crude.Even so, the price drop was cushioned by data from market intelligence firm Genscape showing a further tightening in supplies at the U.S. crude storage ...

Oil prices slip off 2015 highs NEW YORK: Oil prices drifted lower Monday, with the market lacking major news for direction as traders continued to worry about abundant global supplies of crude oil.The US benchmark, West Texas Intermediate (WTI) for June delivery, fell 22 cents to close at $58.93 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for June delivery, the global benchmark, settled barely unchanged at $66.45 a barrel, down one cent from Friday's closing ...

Oil off 2015 high on Saudis' Yemen action; Cushing draws help NEW YORK: Oil prices retreated on Monday after key Brent crude hit a 2015 high as Saudi Arabia's plan to halt bombing in Yemen eased tensions over the security of supplies from the Middle East region.A surge in the dollar, following the largest U.S. factory orders in eight months, also weighed on crude.Even so, the price drop was cushioned by data from market intelligence firm Genscape showing a further tightening in supplies at the U.S. ...

Brent inches towards $67, despite weak China factory activity SINGAPORE: Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. China, the world's second-largest oil consumer, posted its biggest drop in factory activity in a year to 48.9 in April, a private business survey showed on Monday. The sub-50 point level indicates a contraction compared with the previous month.The data came on the ...

Nigerian fuel retailer MRS Oil falls to Q1 pretax loss LAGOS: Nigeria's MRS Oil fell to a first-quarter pretax loss of 734.5 million naira ($3.7 million) after posting a profit of 321.1 million a year earlier, the fuel retailer said on Monday. Turnover, operating under the name Chevron Nigeria, fell 12 percent to 21.3 billion naira in the three months to end-March, the company said in a statement with the Nigerian Stock Exchange. Copyright Reuters, 2015


 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
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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