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Petrobras, Mitsui to study LNG import terminal in Brazil's south RIO DE JANEIRO: Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.Petrobras, as the company is known, announced the plan in a statement late on Tuesday after signing a memorandum of understanding on the project with Mitsui and the government of Rio Grande do Sul. Petrobras, Mitsui and the government have 12 months to conclude their work.If built, the plant would be Petrobras' fourth LNG import terminal and make it easier for the company to supply gas to power plants in the country's south. The plants are usually turned on to complement hydroelectric power during peak use periods and during dry seasons or drought.Brazil is in the middle of one of the most serious droughts in decades and ...

U.S. crude oil rallies as consumer confidence hits high NEW YORK: U.S. crude oil rose by $1 on Friday as a positive consumer confidence report and high gasoline demand indicated a stronger economy, while Brent was lifted by traders' concerns over tensions between Russia and the West.The International Energy Agency had set a bearish tone for the market earlier in the session after it lowered its global demand forecast for 2014 due to expectations that more Libyan crude will reach the market next week, ...
U.S. oil reserves jump on shale but gas tumbles in 2012: EIA NEW YORK: Proven U.S. oil reserves in 2012 reached the highest level since 1976, boosted by shale plays in Texas and North Dakota, but gas reserves tumbled for the first time in a decade due to low prices, the Energy Information Administration said on Thursday.Production in the world's largest oil consumer is booming thanks to shale oil and gas recovered from tight rocks by drilling long horizontal wells and hydraulically fracturing them, or "fracking."The boost ...
US crude oil rises on spike in gas demand, technical trade NEW YORK: US crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.US crude oil stocks rose more than expected last week, but the build was overshadowed by a sharp spike in gasoline demand, according to US Energy Information Administration data.The data drove US gasoline and crude oil prices above ...
Oil prices rise on US supplies, Libya deal skepticism NEW YORK: Oil prices advanced Wednesday after a US supply report showed strong gasoline demand and as questions persisted about a full resumption of Libyan oil exports.US benchmark West Texas Intermediate for May delivery rose $1.04 to $103.60 a barrel on the New York Mercantile Exchange.In London. Brent oil for May delivery added 31 cents to $107.98 a barrel. The Energy Information Administration said US crude supplies jumped 4.0 million barrels for the week ended ...
US oil prices jump more than $2 on Ukraine tensions NEW YORK: Global oil prices jumped Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk.New York's West Texas Intermediate (WTI) for delivery in May surged $2.12 to $102.56 per barrel, its highest level in one month.Brent North Sea crude for May gained $1.85 to $107.67 a barrel in London trade."Oil is firming in reaction to heightened tensions in Ukraine, where Russia has warned of civil war if ...
US oil futures lose $1 as stock markets weaken, Brent drops NEW YORK: US oil futures dipped below $100 on Monday, falling more than a dollar a barrel after stock markets tumbled, with Brent crude oil prices losing even more on the prospect of additional supplies from Libya.Wall Street's S&P 500 stock market index looked to be on track for its biggest three-day drop in two months, pushed down by shares of fast-growing industries, or momentum shares, and by disappointment with US jobs data issued on ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln