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Oil prices falter as market looks to Libyan supply resumption LONDON: Oil prices extended their losing run on Tuesday as dealers awaited the resumption of Libyan crude exports and amid receding worries about fighting in major producer Iraq, analysts said.Brent North Sea for delivery in August dropped 74 cents to stand at $109.50 a barrel in London afternoon trade.US benchmark West Texas Intermediate for August fell 15 cents to $103.38 a barrel compared with Monday's close."The imminent return of Libyan supply to the market is continuing to weigh on prices," said Commerzbank analyst Carsten Fritsch."Brent has fallen for the ninth out of the last ten days of trading and dropped overnight to below the $110 per barrel mark for the first time in nearly four weeks."WTI has fallen for seven straight days of trading, suffering its longest losing streak since December 2009," he added in a note to clients.Singapore's United Overseas Bank said prices remained under pressure as "fears of ...


UK gas prices inch up as demand outstrips supply LONDON: British spot gas prices edged up on Tuesday morning due to higher demand after touching their lowest level since September 2010 the previous day.Prices for delivery on Wednesday were 0.15 pence higher at 35.45 pence per therm at 0743 GMT, having touched 35.00 pence on Monday, its lowest level Sept. 20, 2010.Gas for immediate delivery was trading at 35.65 pence per therm, up 0.15 pence from the previous settlement.Demand was forecast to be around ...

Brent oil hits fresh 1-month low under $110 in 7-day slide LONDON: Brent crude fell to a fresh one-month low beneath $110 a barrel on Tuesday, as prospects for a rise in Libyan oil exports improved and fears of supply disruption in Iraq eased.The benchmark is headed for a seventh straight session of losses, the longest losing streak since October 2012, and has shed 5 percent since the Iraq crisis drove prices to a nine-month high of $115.71 in June.Brent crude for August delivery was at ...

China shares fall on weakness in financial firms HONG KONG: China shares slipped by midday on Tuesday on weakness in financial firms, but pared losses after some property developers rebounded. Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. By midday, the Hang Seng Index dipped 0.1 percent to 23,509.77 points. The China Enterprises Index of the top Chinese listings in Hong Kong was flat. The CSI300 of the ...

Oil prices down on easing Middle East supply concerns SINGAPORE: Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebbing fears about fighting in major producer Iraq also weighed, analysts said.US benchmark West Texas Intermediate for August delivery dipped 11 cents to $103.42 while Brent crude was down 19 cents at $110.05.Singapore's United Overseas Bank said prices remained under pressure as "fears of supply disruptions out of Libya and Iraq abated". Oil prices have tracked lower ...

Brent falls to near $110, heads for 7th straight loss SINGAPORE: Brent crude edged towards $110 a barrel on Tuesday, trading close to its lowest in nearly a month, as fears of supply disruption in Iraq eased and prospects for a rise in Libyan exports improved. The benchmark is headed for a seventh straight session of losses, the longest-losing streak since October 2012. Brent is down nearly 5 percent since the Iraq crisis drove prices to a nine-month high of $115.71 in June.August Brent crude ...

Oil prices dip as Middle East supply worries ebb NEW YORK: World oil prices on Monday fell as traders eyed the imminent resumption of Libyan crude exports and as Iraqi output remained unaffected by ongoing fighting in the country.US benchmark West Texas Intermediate for August delivery fell 53 cents to $103.53 a barrel on the New York Mercantile Exchange, the seventh straight decline, pushing the commodity to the lowest closing price since June 6.European benchmark Brent oil for delivery in August shed 40 cents ...


 



 
Index Closing Chg%
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln