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Oil prices rise after ECB suggests expanded stimulus NEW YORK: Oil prices rose for a second straight day on Thursday after the European Central Bank indicated more stimulus could be on its way for the eurozone.US benchmark West Texas Intermediate for October delivery was up 50 cents to $46.75 a barrel on the New York Mercantile Exchange.Brent North Sea crude for October, the global benchmark, closed at $50.68 a barrel in London, a gain of 18 cents from Wednesday's settlement.The president of the ECB, Mario Draghi, said the central bank could ramp up its bond purchase program if an additional boost is warranted in the faltering eurozone.In a news conference after an ECB monetary policy meeting, Draghi said the program, known as quantitative easing, was "intended to run until the end of September 2016, or beyond, if necessary."Draghi's remarks gave a lift to oil markets, which echoed climbs in equity markets, despite the news the ECB cut its ...

Oil stages modest rebound after mixed US petroleum data NEW YORK: Oil prices climbed Wednesday in a modest rebound from a sharp sell-off after a mixed US petroleum report showed an increase in crude inventories and a decline in production.US benchmark West Texas Intermediate for October delivery rose 84 cents to $46.25 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for October closed at $50.50 a barrel, a gain of 94 cents from Tuesday's settlement.The oil market turned sharply ...
Oil dives on poor China factory data NEW YORK: World oil prices tumbled Tuesday as poor manufacturing data in China, the world's largest energy consumer, hammered the outlook for demand and shook market confidence.US benchmark West Texas Intermediate for October delivery lost $3.79, or 7.7 percent, closing at $45.41 a barrel on the New York Mercantile Exchange.The sell-off snapped a strong three-day WTI rally that had pushed the futures contract up more than 27 percent, rebounding from six and a half year ...
Oil options calm shows 10pc price surge may be fleeting NEW YORK: As oil prices skyrocketed on Thursday to their biggest daily gain since the aftermath of the financial crisis, the corresponding crude options market remained muted, suggesting most big traders were shrugging off the move as merely a correction in the year-long bear market. A short-covering rally fueled a $4 surge in oil futures markets, yet options dealers described a "passive" day. A key measure of premiums eked out a tiny daily gain, while ...
Oil prices jump more than 10pc on strong US data NEW YORK: World oil prices surged more than 10 percent Thursday after strong US economic growth data lifted confidence about the world's biggest economy and petroleum user.US benchmark West Texas Intermediate (WTI) for delivery in October jumped $3.96 to $42.56 a barrel.European benchmark Brent oil for October delivery gained $4.42 at $47.56 a barrel in London.Both WTI and Brent closed up 10.3 percent from Wednesday's settlements.US prices had been at or near six-and-a-half year lows ...
Oil dips after mixed US petroleum supply report NEW YORK: Oil prices dipped Wednesday after US petroleum data showed lower crude-oil inventories but barely any decline in production despite sinking prices.US benchmark West Texas Intermediate for October delivery shed 71 cents at $38.60 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for October delivery lost seven cents at $43.14 a barrel in London.Crude supplies in the United States fell by 5.5 million barrels for the week ending August 21, according ...
Oil picks up after rout, but US crude still below $40 NEW YORK: Oil prices recovered some lost ground Tuesday after a sharp fall sparked by worries about China's faltering economy, the world's largest energy consumer.US benchmark West Texas Intermediate (WTI) for October delivery rose $1.07 to $39.31 a barrel on the New York Mercantile Exchange, after finishing below $40 Monday for the first time in six years.In London, Brent North Sea crude for October, the international benchmark, finished at $43.21 a barrel, up a modest ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln