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Oil steady ahead of US storm following Saudi transition NEW YORK: US oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast, while benchmark Brent crude fell after pledges of no policy change by the top oil exporter Saudi Arabia after King Abdullah's death. An 11-year high in the US dollar against other major currencies, and fears of fresh instability in the euro zone after a decisive Greek election victory by the Syriza party also limited any potential rebound in oil, traders said. Light snow began falling on the US East Coast on Monday morning, the first signs of a potentially historic blizzard that officials predicted could dump up to 3 feet of snow in the coming day, snarling transportation for millions of people. The National Weather Service (NWS) issued a blizzard warning for New York City and surrounding areas between coastal New Jersey and Connecticut, beginning 1:00 p.m. EST (1800 GMT) ...

Oil climbs ahead of US storm following Saudi transition NEW YORK: Oil prices were up for a second straight day on Monday ahead of the first major snowstorm expected this year in the US Northeast. Gains were limited, however, by the absence of any market disruption in top oil exporter Saudi Arabia after King Abdullah's death. An 11-year high in the US dollar against other major currencies, and fears of fresh instability in the euro zone after a decisive Greek election victory by the ...
UPS weighs on Wall St but indexes up for week NEW YORK: US stocks fell on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish research notes. The Dow Jones industrial average fell 141.38 points, or 0.79 percent, to 17,672.6, the S&P 500 lost 11.33 points, or 0.55 percent, to 2,051.82 and the Nasdaq Composite added 7.48 points, or 0.16 percent, to 4,757.88. For the week, the Dow rose 0.9 percent, the S&P 500 ...
Brent closes up, US crude down after Saudi king dies NEW YORK: Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply. Saudi Arabia's new king, Salman, who took the throne on Friday morning after the death of his brother Abdullah, is expected to continue OPEC's policy of keeping oil output steady to protect market share.Some traders did not want to believe that, "clinging on some faint hope that the ...
TSX little changed as resources offset gain in banks TORONTO: Canada's main stock index was little changed on Friday as choppy commodity prices weighed on shares of natural resource companies, offsetting a gain in the financial sector. The Toronto Stock Exchange's S&P/TSX composite index was up 14.22 points, or 0.1 percent, at 14,778.20 shortly after the open. Copyright Reuters, 2015 ...
US crude turns positive on supportive economic indicators NEW YORK: US crude oil prices turned positive Friday after the National Association of Realtors reported that US home sales rose in December, a possible indicator of a recovering housing market.US crude was trading up 6 cents at $46.39 at 10:18 a.m. EST (1618 GMT). Global Brent was up 79 cents to trade at $49.25.Copyright Reuters, 2015 ...
US crude down, Brent up as world reacts to Saudi king's death NEW YORK: US crude fell modestly on Friday while global Brent gained support from market uncertainty over the future of Saudi oil production following King Abdullah bin Abdulaziz's death. Reports of a partial shutdown at BP's oil refinery in Whiting, Indiana, added weight to a bearish US market which saw heavy losses a day ago, when the Energy Information Administration announced the largest build in crude inventory in at least 14 years. Brent was up ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln