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Oil prices sag after disappointing US jobs data NEW YORK: Oil prices dropped Friday, pulled lower by a disappointing US employment report that suggested weaker economic growth.US benchmark West Texas Intermediate (WTI) for October delivery slid $1.16 to $93.29 a barrel.In London, Brent North Sea crude for October dropped $1.01 to $100.82 per barrel.Hopes that the US would turn in a seventh straight month of strong jobs generation were dashed when August's number came in at just 142,000 net new positions, 80,000 less than expected.The Labor Department data supported the view that the economy is still struggling to pick up speed, and that wages remain very flat, holding back consumer spending.That came on the back of poor data for the eurozone that has depressed the outlook for fuel consumption there."The jobs data has raised questions about what was probably one of the strong points in the economic outlook that has been helping support oil prices," said Gene McGillian ...

US July crude oil exports as much as 400,903 bpd in July NEW YORK: US crude oil exports reached as much as 400,903 barrels per day in July, according to data from the U.S. Census Bureau released on Thursday.The higher numbers in July come on the heels of exports of crude oil from U.S. shores in June reaching 396,000 bpd, the highest on record since 1957.Exports to Canada were as much as 372,701 bpd, Census data showed. Exports to Singapore were 2,840 bpd with exports to Switzerland ...
Oil gains more than $2, Brent rebounds from 16-month low NEW YORK: Crude oil prices jumped by more than $2 a barrel on Wednesday off multimonth lows as the prospect of peace talks between Ukraine and Russia combined with strong US economic data to raise demand expectations. New orders for US factory goods jumped in July and automobile sales in August were unexpectedly robust, offering further signs of strength in the manufacturing sector. President Vladimir Putin outlined plans for a ceasefire in eastern Ukraine on ...
Oil rallies as Ukraine hopes lift sentiment NEW YORK: World oil prices rebounded Wednesday following the prior day's heavy losses in a rally spurred in part by hopes for a resolution to the Ukraine conflict.US benchmark West Texas Intermediate for October delivery gained $2.66 to close at $95.54 on the New York Mercantile Exchange, largely recovering from a more than $3 drop the prior day.European benchmark Brent oil for delivery in October jumped $2.43 to $102.77 a barrel in London, coming back ...
Oil rises over $1, Brent rebounds from 16-month low NEW YORK: Crude oil prices climbed by more than $1 a barrel on both sides of the Atlantic on Wednesday as oil markets bounced off multimonth lows hit in the previous session, as the prospect of peace talks between Ukraine and Russia as well as strong U.S. economic data raised demand expectations.New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly robust, offering further signs of strength in the ...
Oil prices sink to multi-month lows on demand concerns NEW YORK: US oil prices plunged more than $3 Tuesday following weak manufacturing data from China and Europe and amid generous supplies around the world.US benchmark West Texas Intermediate for October delivery sank $3.08 to $92.88 a barrel on the New York Mercantile Exchange, its lowest level since January. NYMEX was closed Monday due to the Labor Day holiday in the US.European benchmark Brent oil for October delivery fell $2.45 to $100.34 a barrel. Earlier ...
Pelotas Basin, near Uruguay, in 2015 oil auction: source RIO DE JANEIRO: The Pelotas Basin, just north of Uruguay, is expected to be included in a licensing round for oil exploration blocks in Brazil next year and is likely to be one of the main draws, a source from the national regulator ANP told Reuters on Tuesday. The opening up of this new area could extend a string of large offshore discoveries which already stretch for more than a thousand kilometres from Brazil's state ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln