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Oil prices mixed in Asia tradem SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over the US economy and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up 26 cents at $101.54 a barrel in late afternoon trade, while Brent North Sea crude for May settlement fell five cents to $107.78.Analysts said prices were supported by robust consumer spending in the United States, the world's biggest economy and user of oil.The Commerce Department on Thursday said the economy grew at an annual rate of 2.6 percent in the fourth quarter of last year, stronger than the 2.4 percent previously estimated, as consumer spending picked up.Singapore's United Overseas Bank said in a market commentary the data was "adding optimism to the US economy".It said there were also "concerns about Nigerian oil supplies being disrupted after Shell announced a major ...


Oil prices mixed in Asia trade SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria.New York's main contract West Texas Intermediate for May delivery was up eight cents at $101.36 a barrel in mid-morning trade, while Brent North Sea crude for May settlement fell 13 cents to $107.70.Analysts said prices were being supported by robust consumer spending in the United States, ...

Oil prices surge on Nigeria supply worries NEW YORK: Oil prices rose solidly on Thursday for a second day running amid worries about curtailed supplies from Nigeria and more signs of strength in the US economy.New York's main contract, West Texas Intermediate (WTI) for delivery in May, rose $1.02 from Wednesday to $101.28 a barrel.Brent North Sea crude for May added 80 cents to stand at $107.83 a barrel in London trade.The gains came after Shell declared force majeure on deliveries of ...

Statoil finds oil column on far edge of Sverdrup field in N. Sea OSLO: Norway's Statoil has encountered a 4.5-metre oil column at the Geitungen prospect at the edge of its giant Johan Sverdrup field in the North Sea and will drill a sidetrack well, Det norske, a partner in the find said on Thursday. Statoil has been exploring in the area, hoping to find additional reserves for Sverdrup, which could contain as much as 2.9 billion barrels of oil equivalent. Statoil operates the licence and holds 40 ...

Brent steady around $107; Obama hints at tougher Russia sanctions SINGAPORE: Brent crude held steady around $107 a barrel on Thursday as investors took stock of comments by US President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas. Obama warned at a news conference ...

Oil prices mixed in Asia after strong US data SINGAPORE: Oil prices were mixed in Asian trade Thursday, taking a breather after surging on strong US economic data, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery, gained 10 cents to $100.34 a barrel in late morning trade, following a $1.07 jump Wednesday.Brent North Sea crude for May eased 11 cents to $106.95."Crude made a huge move overnight rise due to the renewed strength in the US economy on better-than-expected durable ...

Oil prices mixed after US data LONDON: Oil prices diverged on Wednesday following another large rise in US crude inventories that offset supply disruptions in Libya and Nigeria.New York's main contract, West Texas Intermediate for delivery in May rose 71 cents to $99.90 a barrel.Brent crude for May fell 23 cents to stand at $106.76 a barrel in late London deals."Prices are finding support on the one hand from the interruptions and risks to production. On top of the continued decline ...


 



 
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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