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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 $109.71 a barrel by 0804 GMT, down 53 cents and just above a month low of $109.62 hit earlier in the session.U.S. crude edged down 14 cents to $103.39. It settled down for a seventh session on Monday, the longest straight decline since 2009. Its discount to Brent fell to $6.29, the narrowest since mid-June."The market appears to be going through a process of removing the Middle East premium attached to Iraq," said Michael McCarthy, ...


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 ...

Greenpeace blocks Chevron's Romanian shale gas site PUNGESTI: Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US energy group Chevron.Protesters locked hands and sat in front of the entrance to a drilling position in the northeastern village of Pungesti. They prevented a lorry from entering and displayed banners reading "No to fracking". Fracking is a controversial extraction technique that consists of injecting water and ...

Oil steadies below $111 as supply fears fade LONDON: Brent crude oil steadied under $111 a barrel on Monday, just above a three-week low, as Libya geared up to resume oil exports from two ports closed for nearly a year.The North Sea oil benchmark dropped 2.3 percent last week, its biggest weekly decline since January, on the Libyan news and as Iraq's oil exports have remained largely unaffected by fighting in the north of the country.Supply of oil to several major markets, including ...


 



 
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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