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Oil off 2015 high on Saudis' Yemen action; Cushing draws help NEW YORK: Oil prices retreated on Monday after key Brent crude hit a 2015 high as Saudi Arabia's plan to halt bombing in Yemen eased tensions over the security of supplies from the Middle East region.A surge in the dollar, following the largest U.S. factory orders in eight months, also weighed on crude.Even so, the price drop was cushioned by data from market intelligence firm Genscape showing a further tightening in supplies at the U.S. crude storage hub in Cushing, Oklahoma.U.K. Brent crude, the more widely used global oil benchmark, was down 20 cents at $66.26 a barrel by 12:32 p.m. EDT (1632 GMT), after touching the year's high of $67.10 earlier.A public holiday in Britain limited early trading volumes in Brent.U.S. crude, was 37 cents lower at $58.78.A Saudi-led Arab alliance, waging an air campaign against Houthi fighters in Yemen, was considering calling a truce to allow humanitarian relief, ...

Oil prices rise further as dollar drops NEW YORK: Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro.US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for June delivery gained 94 cents to $66.78 a barrel in London.Analysts said the oil market continued to react to Wednesday's US Department of Energy inventory report, which showed a ...
Oil has best monthly gain in 6 years but rally may hit 'speed bumps' NEW YORK: Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.After the June-till-January selloff that halved oil prices from highs above $100 a barrel, Brent and U.S. crude posted their strongest recovery this month, rising about $12 each, and hitting their highs for 2015.Those ...
Oil at 2015 highs after first stock draw in 5 months at US hub NEW YORK: Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease.Government data showing a smaller-than-expected rise last week in crude inventories throughout the United States also aided sentiment, although some traders felt the market was ignoring bearish elements like higher production.Oil has staged its strongest recovery this month since a ...
Oil trades mixed amid Iran cargo ship incident NEW YORK: Crude oil prices traded mixed Tuesday amid reports that Iran had seized a cargo ship in Iranian territorial waters in the strategic Strait of Hormuz, a key oil transit route.New York's benchmark West Texas Intermediate for June delivery added seven cents, finishing at $57.06 a barrel.In London trade, Brent North Sea crude for June delivery settled at $64.64 a barrel, shedding 19 cents from Monday's closing level.Oil prices, which had been trading in ...
Oil seesaws on Mideast tensions, weak dollar and high supplies NEW YORK: Oil prices seesawed on Tuesday as traders weighed security scares in the Middle East and support from a weak dollar against expectations that U.S. crude stockpiles have reached new record highs.Both Brent and U.S. crude futures rallied as Iranian forces boarded the Marshall Islands-flagged MV Maersk Tigris in the Gulf after firing warning shots across the bow of the ship. Saudi-owned Al Arabiya television initially said the vessel was a U.S. ship."Tensions are ...
Oil up after Iran seizes cargo ship; weak dollar supports NEW YORK: Oil prices rose on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments.A weaker dollar also supported the oil market, which dipped earlier on expectations industry data due later in the day would show U.S. crude stockpiles at record highs for the 16th consecutive week.Brent futures, the more ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln