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Brent dips towards $107 on weak China trade data SINGAPORE: Brent futures eased towards $107 a barrel on Thursday on weak China trade data and as investors booked profits after gains of 2 percent in the past two days. The losses though were stemmed by optimism over a healthier demand growth outlook from the Asian giant and the United States. China's exports unexpectedly fell for the second straight month in March and import growth dropped sharply, intensifying concerns about weak manufacturing and slowing growth in the world's second-largest economy. But the country's customs bureau sounded an optimistic note about the outlook, saying it saw a pickup in the second quarter due to an improving trade environment. The nation's crude imports were little changed from a month earlier. Brent crude fell 49 cents to $107.49 a barrel by 0309 GMT, after gaining $2.16 over the past two days. US crude fell 38 cents to $103.22. "We are seeing a further ...


China March crude imports drop to 5-month low BEIJING: China's crude oil imports in March fell to a five-month low, official data showed on Thursday, dropping to less than 6 million barrels per day (bpd) after three months of high inbound shipments and gains in fuel product inventories. The crude imports rose 2 percent compared to the same month a year ago as state-oil firms started up larger term contracts with suppliers such as Iraq and Russia to feed new refineries that came ...

Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Thursday, but losses were curbed by upbeat sentiment over the latest US supply report and lingering doubts about the full resumption of Libyan exports, analysts said. New York's main contract West Texas Intermediate (WTI) for May delivery dropped 25 cents to $103.35 a barrel in mid-morning trade and Brent North Sea crude for May slid 26 cents to $107.72.The Energy Information Administration (EIA) said US crude supplies jumped ...

US crude oil rises on spike in gas demand, technical trade NEW YORK: US crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.US crude oil stocks rose more than expected last week, but the build was overshadowed by a sharp spike in gasoline demand, according to US Energy Information Administration data.The data drove US gasoline and crude oil prices above ...

Oil prices rise on US supplies, Libya deal skepticism NEW YORK: Oil prices advanced Wednesday after a US supply report showed strong gasoline demand and as questions persisted about a full resumption of Libyan oil exports.US benchmark West Texas Intermediate for May delivery rose $1.04 to $103.60 a barrel on the New York Mercantile Exchange.In London. Brent oil for May delivery added 31 cents to $107.98 a barrel. The Energy Information Administration said US crude supplies jumped 4.0 million barrels for the week ended ...

Urals weakens in the Baltic, opening arb options LONDON: Russian Urals crude weakened in the Baltic on Wednesday due to a number of unsold cargoes while Kazakh CPC continued to strengthen due to a lack of sweet barrels.In the Platts window, Trafigura bought a cargo of Urals from Eni at dated Brent minus $1.30 a barrel, some 35 cents weaker than previous price estimates, traders said.Total bid for a cargo of CPC at dated Brent minus 40 cents, some 10 cents stronger than ...

Oil prices steady before US data LONDON: Oil prices steadied on Wednesday following a surge the day before, as traders awaited energy inventory data from the United States for demand clues regarding the world's biggest crude consumer.New York's main contract West Texas Intermediate (WTI) for delivery in May fell 16 cents to $102.40 a barrel ahead of the stockpiles figures due 1430 GMT.Brent North Sea crude for May edged up five cents to stand at $107.72.Analysts expect the US government inventories ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln