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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 for the week to March 28.Traders will also digest US employment figures from payrolls firm ADP, before Friday's eagerly-awaited non-farm payrolls data."Brent futures have been on a consolidation phase, trading around $105 per barrel ahead of the release of the weekly EIA oil inventories report and key employment data from the US, which will set the tone for today's trading session," said Sucden brokers analyst Myrto Sokou.Crude futures had fallen sharply on Tuesday, as poor ...


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 ...

Oil prices slide on China slowdown worries NEW YORK: Oil prices slid sharply lower on Tuesday after tepid manufacturing data in China added to concerns about slow growth in the world's largest energy consumer. The benchmark US futures contract, West Texas Intermediate for delivery in May, finished New York trade at $99.74 a barrel, down $1.84, or 1.8 percent, from Monday's close.Brent North Sea crude for May sank $2.14, or almost 2.0 percent, to $105.62 a barrel in London trade."Concerns about the ...

CALGARY: Light synthetic crude from the oil sands hit a nine-month high on Tuesday as traders looked ahead to planned maintenance at the 286,000 barrel per day Syncrude project in northern Alberta.Synthetic crude for May delivery traded as high as $4.25 per barrel above the West Texas Intermediate benchmark, the strongest level since early July, before easing to last trade at $3.95 per barrel above WTI. On Monday synthetic crude for May delivery settled at ...

Azeri state oil fund acquires office block in South Korea BAKU: Azerbaijan's state oil fund has acquired an office complex in the South Korean capital Seoul for $447 million, the fund said on Tuesday, as it further diversifies a broad portfolio of foreign assets. Increasingly wealthy Azerbaijan's $34 billion fund holds the proceeds from oil contracts, oil and gas sales, transit fees and other revenues, and uses the returns on its investments to help pay for social spending and infrastructure projects. The 65,000 square-metre Pine ...


 



 
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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