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Oil prices fall on Libya output prospect NEW YORK: Oil prices tumbled Wednesday on the prospect of higher Libyan output joining ample global supplies and as traders continued to book profits from a sharp rally a week ago.The latest weekly US petroleum report showed a larger-than-expected decline in crude inventories that nevertheless remained close to record highs.US benchmark West Texas Intermediate for August slid lower for the fifth straight trading session, losing 86 cents, or 0.8 percent, to close at $104.91 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for delivery in August shed $1.05 (0.9 percent) at $111.24 a barrel, its lowest close since June 11."The Brent crude oil market is the weakest segment of the wider petroleum complex on Wednesday as Libya looks set to reopen two oil export terminals sooner rather than later," said Tim Evans of Citi Futures.Libyan production has been severely limited for a year due to ...

Oil prices ease; rebels hit Colombian production NEW YORK: Global oil prices slipped Monday amid new signs of higher OPEC production but the market was still cautious amid ongoing Iraq violence and a rebel attack on a Colombian pipeline.US benchmark West Texas Intermediate for August delivery dipped 37 cents to $105.37 a barrel, with losses capped partly by stubborn Iraq concerns.In London deals, Brent crude for delivery in August sank 94 cents to $112.36 a barrel from Friday's close.Ongoing tensions in Iraq ...
Oil prices mixed as Iraq keeps markets on edge NEW YORK: Global oil prices traded in mixed fashion ahead of the weekend Friday, with Brent slightly higher as traders watched developments in the jihadist-led offensive in Iraqi, OPEC's second-largest oil producer.US benchmark West Texas Intermediate for August settled 10 cents lower at $105.74 a barrel on the New York Mercantile Exchange.The European benchmark, Brent crude for delivery in August, rose nine cents to close at $113.30 a barrel in London."We see something of an ...
US oil prices up on crude export report NEW YORK: New York oil prices were lifted Wednesday by a report suggesting the US is easing a ban on crude exports even as inventory data suggested mixed energy demand in America.US benchmark West Texas Intermediate for August delivery rose 47 cents to $106.50 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for August delivery dropped 46 cents to $114 a barrel in London.A report late Tuesday in the Wall Street Journal ...
Oil prices diverge as market eyes Iraq crisis NEW YORK: World oil prices diverged on Tuesday, holding close to recent peaks amid ongoing concerns over violence in crude-producer Iraq.US benchmark West Texas Intermediate (WTI) for August dipped 14 cents to close at $106.03 a barrel on the New York Mercantile Exchange. In London, European benchmark Brent crude for delivery in August settled at $114.46 a barrel, a gain of 34 cents from Monday.Both futures contracts fell Monday after striking nine-month peaks late last ...
Oil prices fall as Iraqi output stays on line NEW YORK: World oil prices fell Monday as investors reassessed a political crisis in Iraq that remains concerning, but has yet to result in crude supply disruptions. US benchmark West Texas Intermediate for August delivery dropped 66 cents to $106.17 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for August delivery fell 69 cents to $114.12 a barrel in London.Iraq remained in focus as US Secretary of State John Kerry Monday pledged ...
Oil prices diverge on Iraq tensions NEW YORK: Oil prices diverged on Friday, with the US WTI contract hitting a nine-month high on concerns about spreading sectarian conflict in Iraq that could cause disruptions in crude supplies.US benchmark West Texas Intermediate for July shot up 83 cents, or 0.8 percent, to finish at $107.26 a barrel on the New York Mercantile Exchange. The July futures contract expired Friday at the highest closing price since September 18 last year.Brent crude for delivery ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln