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Oil prices down ahead of Chinese manufacturing data SINGAPORE: Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the world's top energy consumer, analysts said. US benchmark West Texas Intermediate for October delivery eased 31 cents to $92.10 while Brent crude for November fell 44 cents to $97.95 in late-morning trade.Desmond Chua, market analyst at CMC Markets in Singapore, said Tuesday's release of HSBC's flash September purchasing managers index (PMI) for the Chinese manufacturing sector comes "after a bout of economic reports came in below expectations". He added that another weak reading "will underscore weakness in the Chinese economy".Singapore's United Overseas Bank (UOB) said the "market is expecting a further decline in the PMI to 50.0 from 50.2 in August after having retreated from 51.7 in July."The index tracks manufacturing activity in China's factories and workshops and is a closely watched indicator of the health of the economy. A ...


Oil prices mixed; stronger dollar weighs on WTI NEW YORK: Crude oil prices closed mixed Friday, with the WTI futures contract under pressure from a stronger dollar and Brent gaining after Scotland rejected independence from the United Kingdom. US benchmark West Texas Intermediate for October fell 66 cents, closing at $92.41 a barrel.Brent North Sea crude for delivery in November rose 69 cents to settle at $98.39 a barrel in London, recovering from a two-year low earlier this week. The WTI contract weakened ...

US crude falls on worries about glut, Brent flat NEW YORK: US crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand.Analysts and traders also cited some liquidation of long positions ahead of Monday's expiration of the front-month light-crude contract.Brent crude hovered around $98 a barrel, as talk of possible OPEC production cuts kept the benchmark up from the 26-month lows reached at the start ...

EU carbon tops 6 euros as buyers lend support LONDON: European carbon prices were poised to end the week almost flat after buyers stepped in to lift prices from six-week lows and restore optimism that supply curbs would drive further gains.By 1547 GMT, front-year EU Allowances were up 4 cents at 6.03 euros ($7.75) a tonne, little changed in a quiet session with barely 5 million units changing hands. The benchmark carbon contract has crept above 6 euros in steady trade that traders said ...

Exxon says US allows it to wind down drilling in Russian Arctic WASHINGTON: US oil major Exxon Mobil said on Friday the US Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.US sanctions on Russia over its aggression in the Ukraine seek to stop billions of dollars worth of cooperation between Western and Russian energy companies on oil drilling in Russia's Arctic, in Siberia and offshore.Copyright Reuters, 2014

West Africa Crude Low supply supportive, Nigerian overhang weighs LONDON: Differentials for West African crude oil were supported by demand from European refiners, and lower supply available for November exports.The Forcados grade of crude oil was set to export around 176,000 barrels per day (bpd) in November compared with 225,000 in October, a shipping list indicated.Exports for the benchmark Qua Iboe grade were also lower for November than October, while Angolan exports were set at 1.53 million barrels per day, the lowest since April.Angolan ...

North Sea Crude-Forties steady, Asia shipments in focus LONDON: North Sea Forties crude differentials held steady on Friday, supported by pending and potential VLCC shipments to Asia which would reduce supplies in northwest Europe. Vitol has booked the VLCC Seeb for a shipment to South Korea and GS Caltex is understood to be the buyer, according to market sources.The vessel is anchored offshore Hound Point in the Firth of Forth waiting to load, according to shipping data. Another could be on the way ...


 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln