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Oil prices mixed, WTI slips after manufacturing data NEW YORK: Oil prices closed mixed Monday after disappointing manufacturing data in the United States and China and a US pipeline closure that stoked fears of a further buildup of supplies.On the New York Mercantile Exchange, West Texas Intermediate (WTI) for delivery in May slipped 16 cents to settle at $97.07 a barrel.Brent North Sea crude for May rose 33 cents to finish at $110.02 a barrel on London's Intercontinental Exchange.The benchmark New York WTI futures contract had dived more than $1.30 a barrel in early trade to $95.92, but ended the session with just a small loss.Bill Baruch of iiTrader.com said the weakening dollar had "pretty well-supported commodities overall."The dollar, hit by weaker-than-expected figures on US manufacturing activity in March, lost ground against many other major currencies.A weaker US unit tends to make dollar-priced oil more attractive to buyers armed with stronger currencies.The Institute for Supply Management said its ...

US natural gas futures sink early as forecasts turn milder NEW YORK: US natural gas futures lost ground in early trading on Monday, pressured by milder weather forecasts for later this week and into next week that should slow demand, despite a brief cold shot expected over the next few days.Cold late-winter weather and above-average nuclear plant outages helped put a huge dent in inventories and have driven futures prices up nearly 30 percent since mid-February.But with milder spring temperatures just ahead, many traders expect ...
Petrobras oil output in Brazil falls 2.3pc in February RIO DE JANEIRO: Brazilian state-controlled oil company Petrobras said domestic production fell to 1.92 million barrels a day equivalent in February, down 2.3 percent from January's average rate.The company said in a statement released late on Thursday that the main cause of the drop was planned maintenance work on its P-33, P-37, P-53 and P-54 platforms in the Campos basin.The fall in output was partially offset by the coming on stream of three new platforms ...
US cash crude differentials strengthen as arb widens NEW YORK: Most US cash crude differentials strengthened on Wednesday as the transatlantic spread between Brent and US oil futures prices widened, with Brent's premium to its US counterpart up more than 90 cents during the session.Brent's premium to US crude rose to $13.11 a barrel based on May contract settlements, widening the spread after it ended at $13.02 on Tuesday and after reaching $13.94 during Wednesday's session. The premium fell during Tuesday's session as ...
Oil up on strong US data, Brent premium to US crude shrinks NEW YORK: Brent crude rallied late on Tuesday to settle up more than $1 above $109 a barrel, after US crude had surged to a five-week high above $96 a barrel, lifted by stronger manufacturing and housing data in the United States.Brent's premium to US crude narrowed to as little as $12.52 a barrel at one point, the smallest in eight months. Brent's late rally moved the spread back to around $13 a barrel.The spread ...
US cash crude differentials weaken as Brent/WTI spread shrinks NEW YORK: Most US cash crude differentials weakened on Tuesday as the transatlantic spread between Brent and US oil futures prices narrowed.Crude futures rallied more than 1 percent as supportive US economic data provided the lift for oil prices and countered the caution over efforts to address the financial problems of Cyprus, which had helped hem in Brent prices during the session.Brent's premium to US crude fell to $13.02 a barrel based on May contract ...
Oil prices skid on Cyprus, eurozone worries NEW YORK: Global oil prices tumbled Thursday as Cyprus teetered toward a debt default and glum eurozone business data fueled concerns about demand for crude.The main US contract, West Texas Intermediate (WTI) for May delivery, closed at $92.45 a barrel on the New York Mercantile Exchange, down $1.05 from Wednesday.The European benchmark, Brent North Sea crude for May, sank $1.25 to settle at $107.47 a barrel on London's Intercontinental Exchange."We have a lot of pressure ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln