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US crude rail volumes dropped 22 percent last week NEW YORK: Volumes of crude oil and other petroleum products fell by 22 percent last week compared to last year, according to data released Wednesday by the American Association of Railroads. There were 13,014 carloads of crude oil and petroleum products on the rails last week, AAR reported. Overall, petroleum product volumes are down 5.9 percent, AAR reported. Copyright Reuters, 2015 ...

Oil down 2pc on Wall Street, China; Cushing draw limits loss NEW YORK: Oil prices fell more than 2 percent on Monday, pressured by tumbling equities on Wall Street and weak Chinese economic data, although an estimated drawdown in crude stocks at the key US storage hub appeared to limit losses, traders said. Gyrations in US equity prices and the dollar from bets on the timing of the first US rate hike in nearly a decade have fed volatility in oil prices, which have swung up ...
Petrobras extinguishes LPG storage tank fire near Salvador, Brazil RIO DE JANEIRO: State-run oil company Petroleo Brasileiro SA put out a fire at a liquefied petroleum gas (LPG) storage tank at a port near Salvador, Brazil, late on Wednesday morning, company press officers said. The fire was put out at about 11:25 a.m at the Madre de Deus fuels terminal operated by Transpetro, the ocean-shipping and gas pipeline unit of Petrobras, as the oil company is known, according to Transpetro's press office in Rio ...
Oil slumps as big U.S crude draw offset by large gasoline build NEW YORK: Global oil markets fell on Wednesday, with US crude down as much as 3 percent after the bullish impact of lower crude inventories was offset by large gasoline builds that raised concerns about high autumn fuel supplies. Also weighing on crude were Colonial Pipeline's efforts to fix an outage on one of its lines that had been supporting prices of gasoline, and the larger oil complex, since Tuesday. Brent, the global benchmark for ...
TSX ends higher after Fed holds interest rates TORONTO: Canada's main stock index rose on Thursday after the Federal Reserve left interest rates unchanged over concerns about the global economy and a recent spike in market volatility. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 23.38 points, or 0.17 percent, at 13,787.16.Copyright Reuters, 2015 ...
Brent crude slips in volatile trade ahead of Fed decision NEW YORK: Brent crude slipped and US futures seesawed on Thursday in volatile trading as investors awaited the Federal Reserve's interest rate decision later in the day. The US central bank will have an announcement at 2 p.m. EDT (1800 GMT), which could signal the first US interest rate rise for a decade. Economists saw about a one-in-four chance of a rate increase. The dollar eased ahead of the announcement. A weaker US currency can ...
Oil prices rise after dip in US crude production NEW YORK: World crude prices rose modestly Tuesday as traders eyed signs of slowing US oil production that could ease the global oversupply.US benchmark West Texas Intermediate for delivery in October rose 59 cents to $44.59 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for October, the international benchmark, closed at $46.63 a barrel, up 26 cents from Monday's settlement. The futures contract expired Tuesday.Matt Smith of Clipper Data said ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln